The Partner-Manager: Some Thoughts on Bebchuk and Fried

20 Pages Posted: 25 Sep 2010 Last revised: 15 Oct 2010

Abstract

This brief essay comments on Lucian Bebchuk & Jesse Fried, Paying for Long-Term Performance, University of Pennsylvania Law Review, Vol. 158, p. 1915, 2010. In brief, I argue that while their analysis and reform suggestions with respect to executive compensation are well-done and largely persuasive, there is a larger structural issue underlying their work which itself needs to be addressed. Top corporate executives over the past several decades have shifted their positions from employees of their firms to partners with their shareholders. The argument is briefly made, and issues for further research are raised.

Suggested Citation

Wasserman Mitchell, Ezra, The Partner-Manager: Some Thoughts on Bebchuk and Fried. University of Pennsylvania Law Review, Forthcoming, GWU Legal Studies Research Paper No. 520, GWU Law School Public Law Research Paper No. 520, Available at SSRN: https://ssrn.com/abstract=1682043

Ezra Wasserman Mitchell (Contact Author)

Shandong University ( email )

27 Shanda Nanlu
South Rd.
Jinan, SD Shandong 250100
China

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