Courtesy of Martin Chang* Issuing multiple classes of stock is a strategy that corporations have used to insulate insiders from outside investor pressure. Each class of stock can differ in a variety of ways, but the most common difference is the number of votes that each share is entitled to. By creating different classes, each… Read More »
Courtesy of David Fratto and Lee Reiners Last week’s announcement that a hacker accessed the personal information of approximately 106 million Capital One card customers and applicants has cast fresh light on financial institutions increasing reliance on the cloud. The hacker, a former employee of Amazon Web Services Inc., allegedly breached Capital One’s firewalls to… Read More »
Courtesy of Tobias Bornemann, Martin Jacob, and Mariana Sailer For at least two decades, executive compensation has been widely discussed in public policy. Debates about inequality, risk-taking behavior, and excessiveness led to policy interventions – often by means of tax instruments – intending to control executive compensation. For example, back in 1993, the U.S. introduced… Read More »
