At the heart of the financial crisis that has paralyzed global markets is a mystery: How could the world's masters of the most sophisticated banks and financial institutions stake their businesses on collateralized debt obligations and mortgage-backed securities that have proved to be so toxic? Attorneys Christopher Keller and Michael Stocker say the answer may lie in the murky world of executive compensation, and efforts to prevent similar catastrophes in the future could depend on unlocking its secrets.
Executive Compensation's Role in the Financial Crisis
The National Law Journal
November 18, 2008