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Lucian Bebchuk

William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance,
Harvard Law School

Lucian A. Bebchuk

Lucian Bebchuk is the William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. Bebchuk is also a Research Associate of the National Bureau of Economic Research and Inaugural Fellow of the European Corporate Governance Network.

Trained in both law and economics, Bebchuk holds an LL.M. and S.J.D. from Harvard Law School and an M.A. and a Ph.D. in Economics from the Harvard Economics Department. He joined the Harvard Law School faculty in 1986 as an assistant professor, becoming a full professor in 1988, and the Friedman Professor of Law, Economics and Finance in 1998.

Bebchuk's research focuses on corporate governance, law and finance, and law and economics, and he has published more than eighty research articles in academic journals in law, economics, and finance. Upon electing him to membership in 2000, the American Academy of Arts and Sciences cited him as "[o]ne of the nation's leading scholars of law and economics," who "has made major contribution to the study of corporate control, governance, and insolvency." He is a former President of the American Law and Economics Association, and a former chair of the Business Association Section of the American Association of Law Teachers.

Bebchuk's recent writings include "What Matters in Corporate Governance?" (Review of Financial Studies, 2009, with Cohen and Ferrell); "Buying Troubled Assets" (Yale Journal on Regulation, 2009); "The Elusive Quest For Global Governance Standards"(University of Pennsylvania Law Review, 2009, with Hamdani); "Lucky CEOs and Lucky Directors" (forthcoming, Journal of Finance, with Grinstein and Peyer); and "Regulating Bankers' Pay" (forthcoming, Georgetown Law Journal, with Spamann). His widely acclaimed book, Pay without Performance: the Unfulfilled Promise of Executive Compensation, co-authored with Jesse Fried, was published in 2004 and widely praised in both the academic world and the general media.

Bebchuk has been a frequent contributor to policy-making, practice, and discourse in the areas of corporate governance and law and finance both in the U.S. and abroad. He has appeared in hearings and roundtables before the Senate Finance Committee, the House of Representatives Committee of Financial Services, and the SEC. He has served as consultant to publicly traded firms, governmental authorities, and law firms. He has published many op-ed pieces, including in the Wall Street Journal, the New York Times, and the Financial Times, and serves as a syndicated monthly columnist for Project Syndicate, an association of 425 newspapers in 150 countries. He was included in the list of "100 most influential people in finance" of Treasury & Risk Management and the list of "100 most influential players in corporate governance" of Directorship magazine.