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12 U. Pa. J. Bus. L. 947 (2009-2010)
"Clean Hands" and the CEO: Equity as an Antidote for Excessive Compensation

handle is hein.journals/upjlel12 and id is 955 raw text is: Articles CLEAN HANDS AND THE CEO: EQUITY AS AN ANTIDOTE FOR EXCESSIVE COMPENSATION T. Leigh Anenson, J.D., LL.M.* Donald 0. Mayer, J.D., LL.M.** Greed is good. Greed is right. Greed works. We make the rules, pal. The news, war, peace, famine, upheaval, the price of a paper clip. We pick that rabbit out of a hat while everybody sits around wondering how the hell we did it. Now you're not nai've enough to think that we're living in a democracy, are you, Buddy? It's the free market, and you're part of it. -- Gordon Gecko, Wall Street * Associate Professor, University of Maryland Robert H. Smith School of Business and Of Counsel, Reminger Co., L.P.A. Research for the paper was supported by awards from the 2010 Smith School Summer Research Fund and the Center for Social Value Creation. The article was recognized as a Distinguished Paper Finalist at the 2010 Pacific Southwest Academy of Legal Studies in Business Conference and was written as part of my doctoral thesis in conjunction with fulfilling the writing requirement for a Doctor of Philosophy at Monash University. The authors thank Shijun Cheng, Larry DiMatteo, Fabrizio Ferri, Alan Jacobs, Gideon Mark, Ann Morales Olazdibal, Jeff Moriarty, and Robert Prentice for their review and critique of earlier drafts. We also appreciate the feedback given by Beverly Earle, Nathan Grow, Lee Reed, David Zaring, and the other participants of the 2009 Annual International Academy of Legal Studies in Business Conference. The authors additionally benefited from comments made by Alan Parker, Rob Rhee, Elaine Shoben, James Staihar, and Tracy Thomas. Rob Dickson provided excellent research assistance. ** Professor in Residence, Business Ethics & Legal Studies Department, Daniels College of Business, University of Denver.

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