January 01, 2011

Executive Compensation, the Business Judgment Rule, and the Dodd-Frank Act

The Federal Lawyer, January 2011

by Stites & Harbison, PLLC

Not since the aftermath of the Great Crash of 1929 has the public demand for governmental regulation of executive compensation (and much more) in publicly traded stock corporations been so angry, loud, and persistent as it is today. According to John Kenneth Galbraith, that political reaction to the recent asset bubble and liquidity crisis was predictable . . .

This article is reprinted in its entirety with the permission of The Federal Lawyer ©2011.