Brian J. Hall
Albert H. Gordon Professor of Business Administration
Albert H. Gordon Professor of Business Administration
Brian J. Hall is the Albert H. Gordon Professor of Business Administration at Harvard Business School. He served as the Unit Head for the Negotiation, Organizations and Markets (NOM) Unit for 14 years. Previously, he was an assistant professor of economics in the Harvard Economics Department. Brian received his B.A., M.A., and Ph.D. in economics from Harvard and holds an M.Phil. in economics from Cambridge University. He served on the staff of the President’s Council of Economics Advisers (CEA) in 1990-91. Brian also served as Executive Vice President and later, Acting CEO, of Alghanim Industries, one of the largest multi-business companies in the Middle East. He served as the founding faculty chair of the HBS Global Initiative for the Middle East and North Africa (MENA) region. He is the recipient of HBS’s Robert F. Greenhill award.
Brian teaches, researches, and consults in the area of organizational strategy and behavioral economics, with a focus on performance management and how companies design, build and implement compensation and incentive systems. He has taught various courses on organizational strategy, compensation, incentive design, negotiations and behavioral economics in the MBA, PhD, and executive education programs. He currently teaches a course on Behavioral Economics and Incentive Design in the Advanced Management Program (AMP), the HBS program for the most senior executives. The course is focused on how managers and boards build effective motivation and incentive systems within their organizations. Professor Hall also teaches in the Behavioral Economics executive education program at HBS.
Professor Hall’s research has been published in a variety of academic and practitioner-oriented journals, and he has written over 50 case studies in the area of organizational strategy, performance management, and compensation and incentives. His research is frequently in the national and international financial press and he has been the featured speaker at numerous conferences and symposia. He has provided expert testimony on executive pay before the U.S. Senate and appeared on CNBC and the News Hour with Jim Lehrer and many other news stations. Professor Hall is currently writing a book on how to design, build, and implement successful compensation and incentive systems within organizations. He has served as a consultant and board advisor to leading global companies in a variety of sectors, including Intel, CITI, Textron, L.L. Bean, Pratt & Whitney, Duracell, P&G and J. P. Morgan and many others. Brian’s research, consulting, and board advisory work has a special focus on the design of executive and equity-based pay plans.
Brian and his wife, Theresa, have two grown children and they live in Manchester MA with their golden retriever, Gilley. Brian enjoys boating, hiking, travel and almost any outdoor sport.
- Journal Articles
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- Brooks, Alison Wood, Karen Huang, Nicole Abi-Esber, Ryan W. Buell, Laura Huang, and Brian Hall. "Mitigating Malicious Envy: Why Successful Individuals Should Reveal Their Failures." Journal of Experimental Psychology: General 148, no. 4 (April 2019): 667–687. View Details
- Hall, Brian, and Andrew Wasynczuk. "The Gentleman's 'Three'." Harvard Business Review 89, nos. 7-8 (July–August 2011). (HBR Case Study.) View Details
- Hall, Brian. "Transferable Stock Options (TSOs) and the Coming Revolution in Equity-Based Pay." Journal of Applied Corporate Finance 16, no. 1 (winter 2004). View Details
- Hall, Brian, and Trent Staats. "Do the Numbers Get In your Way?" Negotiation 7, no. 11 (November 2004). View Details
- Baker, George P., and Brian J. Hall. "CEO Incentives and Firm Size." Journal of Labor Economics 22, no. 4 (October 2004). View Details
- Hall, Brian J., and Thomas A. Knox. "Underwater Options and the Dynamics of Executive Pay-to-Performance Sensitivities." Journal of Accounting Research 42, no. 2 (May 2004). View Details
- Hall, Brian J., and Kevin J. Murphy. "The Trouble with Executive Stock Options." Journal of Economic Perspectives 17, no. 3 (Summer 2003). View Details
- Hall, Brian J. "The Six Challenges of Equity-Based Pay Design." Journal of Applied Corporate Finance 15, no. 3 (spring 2003): 49–70. View Details
- Hall, Brian J., and Kevin J. Murphy. "Stock Options for Undiversified Executives." Journal of Accounting & Economics 33, no. 1 (February 2002). View Details
- Hall, Brian, and Kevin J. Murphy. "Option Value Does Not Equal Option Cost." WorldatWork Journal 10, no. 2 (March 2001). View Details
- Hall, Brian. "Regulatory Free Cash Flow and the High Cost of Insurance Company Failures." Journal of Risk and Insurance 67, no. 3 (September 2000): 415–438. View Details
- Hall, Brian. "What You Need to Know about Stock Options." Harvard Business Review 78, no. 2 (March–April 2000): 121–129. View Details
- Hall, Brian. "Optimal Exercise Prices for Executive Stock Options." American Economic Review 90, no. 2 (May 2000). View Details
- Hall, Brian. "The Design of Multi-Year Option Plans." Journal of Applied Corporate Finance 12, no. 2 (summer 1999): 97–106. View Details
- Hall, Brian J., and Jeffrey B. Liebman. "Are CEOs Really Paid Like Bureaucrats?" Quarterly Journal of Economics 113, no. 3 (August 1998): 653–691. View Details
- Hall, Brian J., and Steven R. Grenadier. "Risk-Based Capital Requirements and the Riskiness of Bank Portfolios." Regional Science and Urban Economics 26 (June 1996): 433–64. View Details
- Hall, Brian J. "How Has the Basle Accord Affected Bank Portfolios?" Journal of the Japanese and International Economies (December 1993). View Details
- Hall, Brian, and Richard B. Freeman. "Permanent Homelessness in America?" Population Research and Policy Review 6, no. 1 (June 1987). View Details
- Book Chapters
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- Hall, Brian, and Jeffrey B. Liebman. "The Taxation of Executive Compensation." In Tax Policy and the Economy, Volume 14, edited by James Poterba, 1–44. Cambridge, MA: NBER and MIT Press Journals, 2000. View Details
- Hall, Brian J., and David E. Weinstein. "Main Banks, Creditor Concentration, and the Resolution of Financial Distress in Japan." In Finance, Governance, and Competitiveness in Japan, edited by Masahiko Aoki and Gary Saxenhouse. Oxford University Press, 2000. View Details
- Hall, Brian J., and James G. Bohn. "The Moral Hazard of Insuring the Insurers." In The Financing of Catastrophe Risk, edited by Kenneth A. Froot. Chicago: University of Chicago Press, 1999. View Details
- Hall, Brian J. "A Better Way to Pay CEOs?" In Executive Compensation and Shareholder Value: Theory and Evidence, edited by D. Yermack and J. Carpenter, 33–44. Kluwer Academic Publishers, 1998. View Details
- Hall, Brian J. "Risk-Taking Incentives and the Cost of Insurance Company Failures." In Alternative Approaches to Insurance Regulation, edited by Robert W. Klein. Kansas City, MO: National Association of Insurance Commissioners, 1998. View Details
- Hall, Brian J., and James G. Bohn. "The Cost of P&C Insurance Company Failures." In The Economics of Property-Casualty Insurance, edited by David Bradford. University of Chicago Press, 1998. View Details
- Hall, Brian J., and David E. Weinstein. "Bank-Based versus Market-Based Financial Systems." In Bank Structure and Competition. Federal Reserve Bank of Chicago, 1997. View Details
- Hall, Brian, and Richard B. Freeman. "Permanent Homelessness in America?" In Labor Markets in Action: Essays in Empirical Economics, edited by R. B. Freeman. Cambridge, MA: Harvard University Press, 1989. View Details
- Working Papers
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- Gneezy, Uri, Yoram Halevy, Brian Hall, Theo Offerman, and Jeroen van de Ven. "How Real Is Hypothetical? A High-Stakes Test of the Allais Paradox." Harvard Business School Working Paper, No. 25-005, August 2024. View Details
- Enke, Benjamin, Uri Gneezy, Brian Hall, David Martin, Vadim Nelidov, Theo Offerman, and Jeroen van de Ven. "Cognitive Biases: Mistakes or Missing Stakes?" Harvard Business School Working Paper, No. 21-102, March 2021. View Details
- Cases and Teaching Materials
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- Hall, Brian J., Carleen Madigan, Andrew Wasynczuk, and Caroline Witten. "Gerald Weiss (2023)." Harvard Business School Case 923-038, January 2023. View Details
- Hall, Brian J., Ashley V. Whillans, Davis Heniford, Dominika Randle, and Caroline Witten. "Innovation at Moog Inc." Harvard Business School Case 922-040, March 2022. (Revised January 2023.) View Details
- Hall, Brian, Lamar Pierce, and Ashley V. Whillans. "Maritz Automotive." Harvard Business School Case 920-052, March 2020. (Revised November 2020.) View Details
- Schwartzstein, Joshua, Brian J. Hall, Tiffany Y. Chang, Karim Sameh, and Alpana Thapar. "Happy UAE." Harvard Business School Case 918-041, April 2018. View Details
- Gallani, Susanna, Tiffany Y. Chang, Brian J. Hall, and Jee Eun Shin. "Buffer.com (B)." Harvard Business School Supplement 917-020, May 2017. View Details
- Gallani, Susanna, Tiffany Y. Chang, Brian J. Hall, and Jee Eun Shin. "Buffer.com." Harvard Business School Case 917-019, May 2017. View Details
- Hall, Brian J., Tiffany Y. Chang, and Theresa Morin Hall. "P&G Canada: Old Company, New Tricks (B)." Harvard Business School Supplement 916-024, December 2015. (Revised January 2017.) View Details
- Hall, Brian J., Tiffany Y. Chang, and Theresa Morin Hall. "P&G Canada: Old Company, New Tricks." Harvard Business School Case 916-019, October 2015. (Revised January 2017.) View Details
- Hall, Brian J. "Incentive Systems." Harvard Business School Background Note 916-029, December 2015. View Details
- Hall, Brian, Andrew Wasynczuk, and Karen Huang. "Stock Options at Celia-Check." Harvard Business School Case 914-019, June 2014. View Details
- Hall, Brian J., and Karen Huang. "Massachusetts Financial Services (Abridged)." Harvard Business School Case 913-036, March 2013. View Details
- Hall, Brian, and Sara del Nido. "YAAS's Service Center." Harvard Business School Case 914-049, June 2014. (Revised January 2017.) View Details
- Hall, Brian, and Sara del Nido. "YAAS's Service Center (B)." Harvard Business School Supplement 914-050, June 2014. (Revised January 2017.) View Details
- Hall, Brian, and Sara del Nido. "YAAS's Service Center (C)." Harvard Business School Supplement 914-051, June 2014. (Revised January 2017.) View Details
- Hall, Brian, Aaron Chadbourne, Vibha Kagzi, and Caren Kelleher. "The Special Master for TARP Executive Compensation." Harvard Business School Case 914-052, June 2014. View Details
- Hall, Brian J., Nicole S. Bennett, and Sara del Nido. "Recruiting Andrew Yard (A)." Harvard Business School Case 911-028, September 2010. (Revised December 2022.) View Details
- Hall, Brian J., Nicole Shae Bennett, and Sara del Nido. "Recruiting Andrew Yard (B)." Harvard Business School Supplement 911-029, September 2010. (Revised July 2012.) View Details
- Hall, Brian J., Nicole Shae Bennett, and Sara del Nido. "Recruiting Andrew Yard (C)." Harvard Business School Supplement 911-030, September 2010. (Revised July 2012.) View Details
- Hall, Brian J., Andrew Wasynczuk, Jonathan Paul Lim, Sara del Nido, and Katherine Dowd. "Incentives in the NFL (Abridged)." Harvard Business School Background Note 909-029, December 2008. View Details
- Hall, Brian J., Deepak Malhotra, and Nicole Bennett. "Name Your Price: Compensation Negotiation at Whole Health Management (A)." Harvard Business School Case 908-064, June 2008. (Revised January 2010.) View Details
- Hall, Brian J., Deepak Malhotra, and Nicole Bennett. "Name Your Price: Compensation Negotiation at Whole Health Management (B)." Harvard Business School Supplement 908-065, June 2008. (Revised January 2010.) View Details
- Hall, Brian J., Deepak Malhotra, and Nicole Bennett. "Name Your Price: Compensation Negotiation at Whole Health Management (C)." Harvard Business School Supplement 908-066, June 2008. (Revised January 2010.) View Details
- Hall, Brian J., and Nicole Bennett. "Kidney Matchmakers." Harvard Business School Case 908-068, June 2008. View Details
- Coles, Peter A., Benjamin Edelman, Brian J. Hall, and Nicole Bennett. "TheLadders (A)." Harvard Business School Case 908-061, April 2008. (Revised March 2015.) (request a courtesy copy.) View Details
- Bartlett, Christopher A., Brian J. Hall, and Nicole Bennett. "GE's Imagination Breakthroughs: The Evo Project." Harvard Business School Case 907-048, June 2007. (Revised June 2008.) View Details
- Bartlett, Christopher A., Brian J. Hall, and Nicole Bennett. "GE's Imagination Breakthrough: The EVO Project." Harvard Business School Video Supplement 909-801, September 2008. (Revised May 2010.) View Details
- Barro, Jason R., Brian J. Hall, and Aaron Zimmerman. "Sales Force Training at Arrow Electronics (A)." Harvard Business School Case 905-041, October 2004. View Details
- Barro, Jason R., Brian J. Hall, and Aaron Zimmerman. "Sales Force Training at Arrow Electronics (B)." Harvard Business School Case 905-042, October 2004. View Details
- Hall, Brian J. "Incentives within Organizations." Harvard Business School Background Note 904-043, January 2004. (Revised July 2006.) View Details
- Barro, Jason R., Brian J. Hall, and Aaron Zimmerman. "Joe Bachelder: Executive Pay Negotiator." Harvard Business School Case 904-030, October 2003. (Revised November 2004.) View Details
- Hall, Brian, and James K. Sebenius. "Joe Bachelder: Reflections." Harvard Business School Supplement 908-030, January 2008. View Details
- Barro, Jason R., Brian J. Hall, and Aaron Zimmerman. "Hearthside Homes." Harvard Business School Case 904-003, September 2003. (Revised September 2004.) View Details
- Hall, Brian J. "Incentive Strategy II: Executive Compensation and Ownership Structure." Harvard Business School Background Note 902-134, May 2002. (Revised October 2002.) View Details
- Hall, Brian J. "Incentive Strategy Within Organizations." Harvard Business School Background Note 902-131, March 2002. View Details
- Hall, Brian J., Houston Lane, and Jonathan Lim. "Akamai's Underwater Options (A)." Harvard Business School Case 902-069, March 2002. (Revised October 2002.) View Details
- Hall, Brian J., Houston Lane, and Jonathan Lim. "Akamai's Underwater Options (B): The Decision." Harvard Business School Case 902-195, March 2002. View Details
- Hall, Brian J., and Jonathan Lim. "Akamai's Underwater Options (A) and (B) TN." Harvard Business School Teaching Note 902-200, March 2002. View Details
- Barro, Jason R., Brian J. Hall, and Jonathan Lim. "Incentives Game, The." Harvard Business School Exercise 902-197, February 2002. (Revised December 2003.) View Details
- Hall, Brian J., and Jonathan Lim. "Massachusetts Financial Services." Harvard Business School Case 902-132, January 2002. (Revised August 2004.) View Details
- Barro, Jason R., and Brian J. Hall. "Massachusetts Financial Services TN." Harvard Business School Teaching Note 902-196, April 2002. View Details
- Hall, Brian J., and Jonathan Lim. "A Note on Incentives in the NFL." Harvard Business School Background Note 902-129, January 2002. View Details
- Hall, Brian J. "Exercise on Employee Stock Option Dilution." Harvard Business School Exercise 902-162, December 2001. View Details
- Hall, Brian J., and Jonathan Lim. "Incentive Pay for Portfolio Managers at Harvard Management Company." Harvard Business School Case 902-130, November 2001. (Revised December 2003.) View Details
- Hall, Brian J., Guhan Subramanian, and Christopher A Rose. "Circon (A)." Harvard Business School Case 801-403, March 2001. (Revised December 2003.) View Details
- Hall, Brian J., Christopher Rose, and Guhan Subramanian. "Circon (A) (Abridged)." Harvard Business School Case 904-023, December 2003. (Revised August 2004.) View Details
- Hall, Brian J., Guhan Subramanian, and Christopher A Rose. "Circon (B)." Harvard Business School Supplement 801-404, March 2001. (Revised May 2002.) View Details
- Hall, Brian J., Guhan Subramanian, and Christopher A Rose. "Circon (C)." Harvard Business School Supplement 801-405, March 2001. (Revised December 2001.) View Details
- Hall, Brian J., and Guhan Subramanian. "Circon." Harvard Business School Video Supplement 902-806, May 2002. View Details
- Hall, Brian J., Guhan Subramanian, and Joseph N. Sanberg. "Circon (A), (B) and (C) (TN)." Harvard Business School Teaching Note 902-220, May 2002. View Details
- Hall, Brian J. "Incentives and Controllability: A Note and Exercise." Harvard Business School Background Note 801-334, December 2000. (Revised January 2002.) View Details
- Hall, Brian J., Noam T. Wasserman, and Carleen Madigan. "Stock Options at Virtua.Net." Harvard Business School Case 801-324, December 2000. View Details
- Tufano, Peter, Brian J. Hall, and Joshua Musher. "Sara's Options." Harvard Business School Case 201-005, August 2000. (Revised July 2002.) View Details
- Hall, Brian J., Joshua Musher, Jonathan Lim, and Aaron Zimmerman. "Sara's Options, TN." Harvard Business School Teaching Note 902-194, May 2002. View Details
- Hall, Brian J., Edward Lazear, and Carleen Madigan. "Performance Pay at Safelite Auto Glass (A)." Harvard Business School Case 800-291, June 2000. (Revised December 2001.) View Details
- Hall, Brian J., Edward Lazear, and Carleen Madigan. "Performance Pay at Safelite Auto Glass (B)." Harvard Business School Case 800-292, June 2000. (Revised December 2001.) View Details
- Barro, Jason R., and Brian J. Hall. "Performance Pay at Safelite Auto Glass (A) and (B) TN." Harvard Business School Teaching Note 902-187, April 2002. (Revised April 2002.) View Details
- Hall, Brian J., and Carleen Madigan. "Compensation and Performance Evaluation at Arrow Electronics." Harvard Business School Case 800-290, June 2000. (Revised December 2000.) View Details
- Hall, Brian J., and Carleen Madigan. "AirTex Aviation." Harvard Business School Case 800-269, April 2000. (Revised December 2001.) View Details
- Hall, Brian J., and Carleen Madigan. "Gerald Weiss." Harvard Business School Case 899-258, April 1999. (Revised March 2002.) View Details
- Hall, Brian J. "Gerald Weiss TN." Harvard Business School Teaching Note 801-190, September 2000. (Revised March 2002.) View Details
- Hall, Brian J., Rakesh Khurana, and Carleen Madigan. "Al Dunlap at Sunbeam." Harvard Business School Case 899-218, April 1999. (Revised December 2003.) View Details
- Hall, Brian J. "Al Dunlap at Sunbeam TN." Harvard Business School Teaching Note 902-135, March 2002. View Details
- Other Publications and Materials
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- Cohen, Randolph B., Brian J. Hall, and Luis M. Viceira. "Do Executive Stock Options Encourage Risk-Taking?" 2000. View Details
- Additional Information
- Areas of Interest
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- compensation
- incentives
- motivation
- negotiation
- agency theory
- boards of directors
- conflicts of interest
- control systems
- corporate accountability
- corporate governance
- corporate values/value systems
- equity-based pay
- ethics
- human resource management
- leveraged buyouts
- management accounting and control systems
- motivation
- negotiation
- organizational design
- organizational structure
- performance measurement
- private equity
- professional service firms
- strategic human resources management
- strategy formulation
- value creation
- accounting industry
- consulting
- consumer products
- executive search
- financial services
- high technology
- investment banking industry
- management consulting
- private equity (LBO funds)
- restaurant
- sports
- venture capital industry
- Asia
- Europe
- North America
- United States
Additional TopicsIndustriesGeographies