AUTHOR'S BIO
Alma Cohen
Alma Cohen is affiliated with the Harvard Law School Program on Corporate Governance.
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Paid to Fail
Lucian Bebchuk, Alma Cohen and Holger Spamann Series: The Rules Of The Game 
2010-03-18In a report just filed with the US court that is overseeing the bankruptcy of Lehman Brothers, a court-appointed examiner described how the firms' executives deliberately pursued an aggressive investment strategy, took on greater risks, and substantially increased leverage. In this way, they literally destroyed the company - but, worse still, they were paid to do so.... read Comments: 1 Recommended: 0 Read: 15837
