PUBLIC LECTURE: UWA Business School - Stan and Jean Perron Visiting Fellow Professor David Yermack

Professor Yermack will discuss recent efforts by the Obama administration to limit and regulate executive compensation in the U.S. In the current financial crisis, the pay of bankers and top executives has become a major public issue.

Professor Yermack’s presentation will evaluate the recent criticisms of executive pay and provide an historical discussion of previous regulatory efforts in the U.S. and elsewhere.

He will address questions such as: Does the government have an appropriate role to play in this area? Has compensation in recent years departed from past patterns? How do attempts to limit executive pay interact with other current efforts to restructure the world financial system?

BIOGRAPHY

David L Yermack is a professor of finance at New York University Stern School of Business. Professor Yermack teaches courses in corporate finance, restructuring firms and industries, and law and finance.

Professor Yermack has been with NYU Stern for more than 10 years. His primary research areas include boards of directors, executive compensation, executive stock options, and law and finance. Professor Yermack has been published in many journals including Journal of Financial Economics, Journal of Finance, and Journal of Law, Economics, and Organizations.

Professor Yermack received his Bachelor of Arts in economics, Master of Business Administration, Jurist Doctor degree, Master of Arts in business economics, and doctor of philosophy in business economics from Harvard University.