Faculty News
Professor Thomas Philippon comments on the impact of Nobel Prize winners Oliver Hart and Bengt Holmstrom's research
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Excerpt from The Wall Street Journal -- "Their research suggests CEO performance incentives should be set relative to performance of managers in similar industries, so as not to reward them for events beyond their control that affect all industries. 'That we do not see [this] more in practice is often a failure of governance,' Mr. Philippon said in an interview."
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