Executive Pay and the Credit Crisis of 2008 (B)

Posted: 2 Aug 2009

See all articles by V. G. Narayanan

V. G. Narayanan

Harvard University - Accounting & Control Unit

Lisa Brem

Harvard University - Business School (HBS)

Date Written: July 16, 2009

Abstract

As the recession lingered on into 2009, the U.S. government sought to limit executive pay and excessive risk. The debate raged over what constituted excessive risk and how best to mitigate it. This case describes the government restrictions on executive pay for TARP recipients and delves into the debate on executive compensation and incentives that encourage excessive risk.

JEL Classification: J33, G35, M40

Suggested Citation

Narayanan, V. G. and Brem, Lisa, Executive Pay and the Credit Crisis of 2008 (B) (July 16, 2009). HBS Case No. 110-005, Available at SSRN: https://ssrn.com/abstract=1441909

V. G. Narayanan (Contact Author)

Harvard University - Accounting & Control Unit ( email )

Soldiers Field
Boston, MA 02163
United States
617-495-6359 (Phone)
617-496-7363 (Fax)

Lisa Brem

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

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