Fahlenbrach, Rüdiger; Stulz, René M. - 2009
1 “Crazy compensation and the crisis,” by Alan Blinder, The Wall Street Journal, May 28, 2009.
2 “U.S. eyes bank pay ….
2
sensitivity of CEO pay to stock volatility led to worse stock returns during the credit crisis. We also
do not …Charles A. Dice Center for
Research in Financial Economics
Bank CEO Incentives and the
Credit Crisis …