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Lucian Bebchuk

Lucian Bebchuk is the William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School . He is also a Fellow of the American Academy of Arts and Sciences, a Research Associate of the National Bureau of Economic Research, and an Inaugural fellow of the European Corporate Governance Institute.

Trained in both law and economics, Bebchuk holds a B.A. in Mathematics and Economics from the University of Haifa , an LL.B. from the University of Tel-Aviv, an M.A. and Ph.D in Economics from the Harvard Economics Department, and an LL.M. and S.J.D. from Harvard Law School . Following a three-year fellowship at the Harvard Society of Fellows, he joined the Harvard Law School faculty in 1986 as an assistant professor, becoming a full professor in 1988 and the Friedman Professor of Law, Economics and Finance in 1998.

Bebchuk’s main area of research is corporate governance. Other than Pay without Performance, his recent writings include “ The Case for Increasing Shareholder Power , ” “ The case for shareholder access , ” and two empirical studies, “ The Costs of Entrenched Boards ” and “ What Matters in Corporate Governance? ” For more information about Lucian Bebchuk, visit his home page.

Jesse Fried

Jesse Fried is a Professor of Law at the University of California , Berkeley . He has been teaching corporate law and business reorganizations at Berkeley since 1997.

Trained in both law and economics, Fried holds an A.B. in economics from Harvard College (1986), an A.M. in economics from Harvard University (1989), and a J.D. from Harvard Law School (1992). Prior to coming to Berkeley , Fried practiced law in Boston and was a research fellow in law and economics at Harvard Law School.

Fried's research interests include corporate law, executive compensation, insider trading, and business bankruptcy and reorganization. Other than Pay without Performance, his recent writings include “Share Repurchases and Managerial Opportunism,”‘ and “Insider Abstention.” For more information about Fried, visit his home page.