Executive Pay and the Credit Crisis of 2008

Posted: 2 Aug 2009

See all articles by V. G. Narayanan

V. G. Narayanan

Harvard University - Accounting & Control Unit

Fabrizio Ferri

University of Miami - Miami Business School

Lisa Brem

Harvard University - Business School (HBS)

Date Written: June 26, 2009

Abstract

The credit crisis of 2008 placed compensation practices at publicly traded firms in the United States under scrutiny. This case examines perceived excessive pay and severance packages at several firms implicated in the credit crisis of 2008, the executive compensation provisions in the Emergency Economic Stabilization Act, and discusses the implications for compensation committees at public companies.

JEL Classification: J33, G35, M40

Suggested Citation

Narayanan, V. G. and Ferri, Fabrizio and Brem, Lisa, Executive Pay and the Credit Crisis of 2008 (June 26, 2009). HBS Case No. 109-036. Available at SSRN: https://ssrn.com/abstract=1441905

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)

Fabrizio Ferri

University of Miami - Miami Business School ( email )

Coral Gables, FL 33146-6531
United States

Lisa Brem

Harvard University - Business School (HBS) ( email )

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

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