Option Value - Publications - Faculty & Research

January 2010 (Revised April 2013)
Case

Aubrey McClendon's Special Incentive Compensation at Chesapeake Energy (A)

By: Paul Healy, Clayton S. Rose and Aldo Sesia

Aubrey McClendon, founder and CEO of Chesapeake Energy, was, according to Fortune Magazine, the highest paid U.S. CEO in 2008 receiving over $100 million in total compensation. McClendon received this compensation despite a significant drop in the company's stock price... View Details

Keywords: Financial Statements; Financial Reporting; Price; Stock Options; Valuation; Joint Ventures; Business Growth and Maturation; Economic Growth; Growth and Development Strategy; Change Management; Energy Industry; United States

Citation

Educators

Purchase

01 Oct 1998
News

Merton Named University Professor

Professor of Management. In 1988, he joined the HBS faculty. Merton's research is focused on developing finance theory in the areas of capital markets and financial institutions. Along with fellow Nobel Laureate Myron S. Scholes and the late Fischer Black, Merton... View Details

19 Jan 2022

Peek

This three day virtual program is intended for current undergraduate students who are interested in getting a peek into the MBA experience and to learn more about the value of an MBA for their personal and professional development. Peek... View Details

12 Mar 2018
Op-Ed

Op-Ed: Why BlackRock CEO Larry Fink Is Not a Socialist

their returns. They believe that companies must select among binary options of serving shareholders or serving society. This is a wrong-headed idea because companies with clarity about their purpose actually perform better in the long... View Details

Keywords: by Bill George; Banking

01 Aug 2005
What Do You Think?

Is There an “Efficient Market” in CEO Compensation?

external CEO is probably the 'easiest, politically correct' option . . . where there would typically be two or three close [internal] contenders for the top job." A number of ways of meeting these challenges were suggested. Klopack's... View Details

Keywords: by James Heskett

Profile

Ben Steiner

think the highest calling of business is to build something new that employs people and adds value to the economy.” Ben sees his summer work with the TARP Congressional Oversight Panel “as a good illustration of what each school brings to... View Details

Web

Turnarounds and Transformation - Course Catalog

HBS Course Catalog Turnarounds and Transformation Course Number 1636 Professor Ranjay Gulati Spring; Q3Q4; 3.0 credits 12 sessions Paper/Project (formerly Entrepreneurial Management in a Turnaround Environment) Career Focus This course is intended for students pursuing... View Details

27 Oct 2016
Blog Post

Meet the Management Consulting Club

Case’. Additionally, many companies submit job postings and events exclusively to club members. Students also have the option of participating in case prep mentorship groups with second-year students who have successfully received offers.... View Details

Keywords: Consulting

01 Jan 2005
News

Louis V. Gerstner, Jr., MBA 1965

answers." ADVICE TO CURRENT STUDENTS "One of the most important elements of leadership is fairness. You have to be consistent in the decisions that you make and the messages that you deliver. An organization looks to you as representative of the View Details

01 Oct 2002
News

Faculty Research Symposium

median annual pay of a Fortune 500 CEO is approximately $3 million in option grants, $1 million in bonus, and $1 million in salary. But in addition, that same executive will, over time, have accumulated holdings of stock and View Details

14 Aug 2007
First Look

First Look: August 14, 2007

Abstract This paper proposes that patents are real options that allow holders of patents the right but not the obligation to sue others. We suggest that the likelihood of a patent's being litigated is positively associated with the View Details

Keywords: Martha Lagace

30 Jan 2006
Research & Ideas

Looking Behind Bad Decisions

for leaders who want to make wise decisions, rather than simply beat the other party. Which would you prefer? Most people choose Option A—the benefits of the tradeoff are quite clear. Yet the U.S. government, yielding to what... View Details

Keywords: by Manda Salls

29 Sep 2015
Research & Ideas

Work 3.0: Redefining Jobs and Companies in the Uber Age

today are still employees, the contractor option gives a company flexibility in building its workforce" Although most workers today are still employees, the contractor option gives a company flexibility... View Details

Keywords: by Andrei Hagiu; Transportation; Web Services

01 Dec 2003
Research & Ideas

Sometimes Success Begins at Failure

point, and by itself is unlikely to be sufficient because this process does nothing to advance learning within the project in the interim. Other processes seek to create new information after the initial negative decision, which might enable a fuller examination of the... View Details

Keywords: by Henry Chesbrough; Health; Pharmaceutical

15 Jun 2021
News

Advancing Racial Equity

friends have the option of directing their HBS Fund gifts specifically to Diversity and Equity. In addition, alumni and friends of the School can visit the Advancing Racial Equity section of the HBS website anytime to learn more about the... View Details

Web

Navigating a Career in Education | Social Enterprise | Harvard Business School

Navigating a Career in Education When I was at American Express, I thought that business school would be a good way to learn about different career options and to possibly transition into an area that would be more mission-driven. Careers... View Details

12 Oct 2016
Research & Ideas

Break the Rules of How Business is Done

doesn’t always have to be time consuming or distracting. The company Amplitude challenged how businesses handle equity compensation by extending the company options exercise windows to years versus the standard 90-day window most... View Details

Keywords: by Julia B. Austin

Profile

Brett Gibson

Although his grandfather was a "full-bird" Marine Corps Colonel who had served in World War II, Korea, and Vietnam, Brett Gibson had not considered the military as a career option and did not participate in ROTC while in... View Details

10 Aug 2010
First Look

First Look: August 10

in an environment in which consumers disseminate content without the assistance, or approval, of gatekeepers. Purchase this case:http://cb.hbsp.harvard.edu/cb/product/510064-PDF-ENG Vereinigung Hamburger Schiffsmakler und Schiffsagenten e.V. (VHSS): View Details