CEOs

The Flaws and Limits of ESG-Based Compensation

Companies increasingly use ESG metrics in their compensation packages for CEOs. A new empirical study suggests that this practice has questionable promise and produces...

The Digital Society: “We Live in a World Obsessed With Cost Cutting”

In an interview about his new book, The Inglorious Years, economist Daniel Cohen explores the emergence of the digital society and its never-ending pursuit...

A Famed Economist’s Public Company U-Turn

Michael Jensen, a leading late 20th century economist, pivoted from praising public companies in the 1970s to assailing public company governance in the 1980s...

Holding Corporations and Executives Accountable Depends on Our Legal System

How can the law prevent and deter corporate wrongdoing? The answer might lie in identifying what factors are associated with greater wrongdoing and how...

My American Board: On Ken Dayton and Good Governance

In the second chapter of his book On Board, John Tusa describes his experience on the board of American Public Radio, which he joined...

How Corporate Purpose Affects Firms

A company’s purpose is a core aspect of the organization: it influences the financial performance of company, and relates to its ownership characteristics, compensation...

Is There Really a Conflict Between Better Corporate Governance and More Competitive Product Markets?

A new study shows that the supposed tradeoff between better corporate governance and more competitive product markets may not exist. More commonly-owned firms have...

Are Large Institutional Investors Actually Effective in Getting Companies to Reduce Their CO2 Emissions?

Large institutional investors have been accused of not doing enough to reduce CO2 emissions. However, a new study finds that firms like BlackRock, Vanguard, and State...

President-Elect Joe Biden and the Real Lessons of DuPont

Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to walk the...

The Social Voice of CEOs

A new working paper examines the phenomenon of CEO activism and finds that while statements by activist CEOs are more likely to have a...

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