Corporate Culture

Elon Musk Wants to Get Paid. He Will Get His 2019 Bonus Thanks to an Accounting Magic

In March 2018, Tesla’s Board of Directors granted Musk a potential bonus of 20,264,042 stock option awards under a  plan that uses “adjusted EBITDA” as one...

The Uber Bubble: Why Is a Company That Lost $20 Billion Claimed to Be Successful?

In the first of three interrelated articles, transportation consultant Hubert Horan discusses Uber's "uncompetitive economics." There is no real innovation in the company's business...

The SEC's Proposal on Proxy Advisor Regulation Shields CEOs From Accountability to Investors

SEC Commissioner Robert Jackson dissented from his SEC colleagues' proposal on how to reform proxy advisors regulation. New rules, he argues, would introduce a...

New Empirical Studies Show: When It Comes to Productivity, Management Matters

Research has shown that studying the causes and implications of management across organizations can be of much benefit to economics. It is well documented((This piece...

Making Your Vote Count: Does the Voting Behavior of Asset Managers Truly Reflect Their Clients’ Interests?


In the past five years, thanks to growing public pressure, there has been increased attention on the voting behavior of asset managers. As a...

Is Lionizing CEOs Dangerous for Society?

In an interview with ProMarket, Open University's Peter Bloom talks about his provocative new book CEO Society and why he believes celebrating corporate CEOs...

Do We Need to Mandate Firms’ Reporting And Auditing?

Back in the 1960s, George Stigler called into question whether states should require firms to publicly report their financials. A recent Stigler Center working...

Serving Shareholders Doesn’t Mean Putting Profit Above All Else

The time has come for companies, economists, and society to abandon the argument that the only responsibility of business is to maximize profits. (Note: This...

Turning Corporations into Democracies

The problem with encouraging firms to maximize shareholder welfare is how to prevent managers and special interests from diverting corporate resources in the name of shareholder...

Let Data Guide Legislation: Stifling Shareholders in the CHOICE Act?

In improving the current shareholder proposal process, legislators should trade the butcher knife for the scalpel.   What influence, if any, should shareholders have over...

LATEST NEWS

Lifting Lockdown Measures Won’t Bring Back Lost Jobs, New Study Suggests

A new paper examines data on local outbreaks in South Korea and finds that even in the absence of lockdowns, an increase...

What Comes Next for Economic Policies to Combat Covid-19? A Conversation Between Six Booth Faculty

As the Covid-19 crisis evolves from a temporary shock into what seems like a long-term catastrophe, six finance scholars from Chicago Booth—Douglas...

A New Stigler Center Case Study Explores the Link Between Italy’s Morandi Bridge Disaster and Crony Capitalism

Two years ago, the Morandi bridge collapse claimed 43 lives. Based on financial statements, Italian government documents, and interviews with independent experts...

Few Bad Apples? New Study Finds That 40 Percent of Officers in a Large Police Force Are Discriminatory

A new paper seeks to examine whether police misbehavior is concentrated or diffuse by identifying whether highway patrol officers in Florida are...

Bethany McLean’s Weekend Reading List: Wirecard, Shale Oil, and the Fall of Chuck E. Cheese

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.