Executive Compensation
Featured Piece
“Dimon’s $23 million payday isn’t the problem,” on cnn.com, May 18, 2012, By Jennifer Carpenter, Associate Professor of Finance and Ingo Walter, Seymour Milstein Professor of Finance, Corporate Governance and Ethics.Here we go again. The perennial question of: "Would you rather own shares in a major financial conglomerate or manage one?" comes up as JPMorgan Chase loses more than $2 billion in trading bets.
The answer seems clear. If you're an executive who manages the money, you're likely to get a large paycheck and bonus even if you're responsible for the loss, directly or indirectly. Jamie Dimon is still getting his $23 million...Read More
In the Media
“Dimon’s $23 million payday isn’t the problem,” by Professors Ingo Walter, Jennifer Carpenter, cnn.com, May 18, 2012.
“Remove the Risk Incentive from Bankers’ Pay,” by Professors Jennifer Carpenter, Ingo Walter, Financial Times, March 15,2011.
“A Curb on Bank Bonuses Misses the Point,” by Professor Matthew Richardson, Financial Times, October 7, 2009.