News 2008

In this section you will find news listings from 2008.

December 2, 2008Jesse Fried presents on “Executive Compensation: Does Performance Matter?” before The Hong Kong Institute of Chartered Secretaries.

Wall Street Journal, November 28, 2008 – Yuka Hayashi and Phred Dvorak’s article, “Japanese Wrestle With CEO Pay as They Go Global,” features Jesse Fried and the rationale for CEOs’ Lower Pay in Japan.

The Sacramento Bee, November 24, 2008Ken Taymor, BCLB Executive Director, testified before the Little Hoover Commission regarding the spending practices of the Institute for Regenerative Medicine. To view the testimony click here.

SF Chronicle, November 20, 2008 –  Jesse Fried notes upside for carmakers in Kathleen Pender article, “The Case for Chapt. 11 Bankruptcy for Carmakers.” 

ABC World News, October 30, 2008Jesse Fried opposes ban on corporate bonuses for rank and file in the article, “Congress Speaks Out About CEO Bonuses,” by David Muir. “These investment bankers would just leave the company,” said Prof. Fried, author of Pay Without Performance. “They’d go work at a hedge fund or one of the banks that’s not getting an infusion of money from the U.S. government.”

October 11, 2008Eric Talley lectures on “How Complexity Simplifies Corporate Law, Governance, and Incentives,” at the 2008 Annual Francis G. Pileggi Distinguished Lecture in Law at the Delaware campus of Widener Law..

ProPublica, October 10, 2008“Former AIG Exec at Center of Meltdown Got Paid Millions for Little Work” by Paul Keil. Jesse Fried says such compensation arrangements are common for departing executives. He noted that such agreements usually don’t actually require that the execs do any work, and frequently the executives don’t.

KGO Channel 7, October 9, 2008John P. Hunt’s interview with David Louie, an analysis of the federal rescue plan based on Hunt’s paper: A Guide to the Federal Bailout Legislation (The Emergency Economic Stabilization Act of 2008). To view the full story follow this link.

SF Chronicle, October 3, 2008 – Carolyn Said summarized the Financial Markets panel in “Berkeley Profs Call for Quick Economic Action.”

KGO Channel 7, October 2, 2008 – David Louie attended the Global Financial Markets Turmoil Panel and provided this report.

The Berkeleyan, October 1, 2008Jesse Fried links executive pay and Wall Street meltdown in this article that asks, “Why is Wall Street in Shambles?”

SF Chronicle, September 30, 2008 – Professor Jesse Fried suggests, “Uncle Sam Should Claw Back Wall Street Bonuses.”

SF Chronicle, September 27, 2008 -Susan Swad writes on the issue of executive compensation in “Political Minefield Over CEO Compensation.”

September 26,2008Executive Compensation: Rethinking Pay for Performance This half day workshop explored “out-of -the-box” methods to better tie CEO pay to performance.

Marketplace, May 30, 2008
Listen to BCLB’s Faculty Co-Director Professor Eric Talley discuss the SEC’s proposed regulation of Credit Rating Agencies on the radio program, Marketplace.

New York, May 8, 2008Eric Talley spoke at the ABA Bar Association Program entitled “BEYOND LEGAL: A Business Approach to Corporate Governance.”

April 19, 2008Eric Talley moderated the Morrison & Foerster LLP Legal Workshop: Overview of Legal Issues and Strategies for Social Enterprises at the Haas School of Business, Center for Responsible Business: Global Social Venture Competition’s 2008 Symposium on Social Entrepreneurship.

February 8, 2008 – Mercatus Center Capital Campus Professor David Gamage spoke on the California budget deficits and how tax structures can reduce fiscal volatility in state budgets.

Cell: Stem Cell, January 2008 – Executive Director Ken Taymor co-authors “Challenges to Human Embryonic Stem Cell Patents,” where he explores the technical and moral based legal limitations of three foundational patents for developing stem cell based therapies. For the complete article, please visit this link.