This paper investigates the roles of non-CEO inside directors (NCIDs) in the new CEO-firm matching process using the context of unplanned CEO departures when immediate CEO succession planning becomes a sole board responsibility. Although critics argue that inside directors decrease the...

We review an explanation for the causes of the stock market crash in 1987, update the empirical support for that argument, and compare to recent market developments. While the market crash on October 19, 1987 was the largest one-day Samp;P 500 drop in percentage terms in history (20.47%) there...