Executive Compensation's Role in the Financial Crisis
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.
By Christopher Keller and Michael Stocker|November 18, 2008|Originally published on National Law Journal
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In the Goulston & Storrs 2017 General Counsel Survey, fifteen percent of GCs or in-house counsel say they have the most difficulty identifying exposures, and this emerging risk is reshaping their role.
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