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  • All HBS Web  (13)
    • Faculty Publications  (5)

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    • All HBS Web  (13)
      • Faculty Publications  (5)

      Golden ParachuteRemove Golden Parachute →

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      • November 7, 2019
      • Article

      WeWork’s Saga Is a Cautionary Tale about Golden Parachutes and CEO Pay

      By: Rosabeth Moss Kanter
      While the WeWork saga has dealt another blow to already-low public confidence in business, it should also strengthen cries for fundamental changes to a system that offers supersized compensation for undersized performance. View Details
      Keywords: Executive Compensation; Change; Compensation and Benefits; Corporate Accountability; Initial Public Offering
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      Kanter, Rosabeth Moss. "WeWork’s Saga Is a Cautionary Tale about Golden Parachutes and CEO Pay." CNN.com (November 7, 2019).
      • April 2014
      • Article

      Golden Parachutes and the Wealth of Shareholders

      By: Lucian A. Bebchuk, Alma Cohen and Charles C.Y. Wang
      Golden parachutes (GPs) have attracted substantial attention from investors and public officials for more than two decades. We find that GPs are associated with higher expected acquisition premiums and that this association is at least partly due to the effect of GPs... View Details
      Keywords: Golden Parachute; Acquisitions; Takeovers; Acquisition Takeover; Acquisition Likelihood; Acquisition Premiums; Agency Costs; Managerial Slack; Dodd-Frank; Executive Compensation; Acquisition; Corporate Governance; Business and Shareholder Relations
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      Bebchuk, Lucian A., Alma Cohen, and Charles C.Y. Wang. "Golden Parachutes and the Wealth of Shareholders." Journal of Corporate Finance 25 (April 2014): 140–154.
      • December 8, 2010
      • Blog Post

      Golden Parachutes and the Wealth of Shareholders

      By: Lucian A. Bebchuk, Alma Cohen and Charles CY Wang
      Citation
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      Bebchuk, Lucian A., Alma Cohen, and Charles CY Wang. "Golden Parachutes and the Wealth of Shareholders." Harvard Law School Forum on Corporate Governance (December 8, 2010). https://corpgov.law.harvard.edu/2010/12/08/golden-parachutes-and-the-wealth-of-shareholders/.
      • November 1996
      • Case

      Del Webb Corporation (C), The

      By: Jay W. Lorsch and Samanta Graff
      Dion and the other Del Webb directors were open to having Industrial Equity Pacific (IEP) and Webcott Holdings representation on the board. The IEP representative was perceived as reserved and lacking in sophistication. Cotter of Webcott, however, struck the directors... View Details
      Keywords: Crisis Management; Management Succession; Strategic Planning; Governing and Advisory Boards; Horizontal Integration; Conflict Management
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      Lorsch, Jay W., and Samanta Graff. "Del Webb Corporation (C), The." Harvard Business School Case 497-019, November 1996.
      • Research Summary

      Corporate Governance

      By: Charles C.Y. Wang

      The characteristics and structure of boards of directors have important implications for firm performance. Professor Wang has found that firms with well-connected boards whose members have strong network connections provide economic benefits that are not immediately... View Details

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