Icahn nominee Lucian Bebchuk is the William J. Friedman and Alicia Townsend Friedman
Professor of Law, Economics, and Finance and director of the Program on
Corporate Governance at Harvard Law School. Bebchuk is also a research
associate of the National Bureau of Economic Research and Inaugural
Fellow of the European Corporate Governance Network. Trained in both
law and economics, Bebchuk holds an L.L.M. and S.J.D. from Harvard Law
School and an M.A. and Ph.D. in Economics from the Harvard Economics
Department. He joined the Harvard Law School faculty in 1986 as an
assistant professor, becoming a full professor in 1988, and the
Friedman Professor of Law, Economics and Finance in 1998.
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Bebchuk has
written extensively on corporate governance, corporate control and
corporate transactions. He has published more than 70 research
articles in academic journals in law, economics and finance. Upon
electing him to membership in 2000, the American Academy of Arts and
Sciences cited him as "[o]ne of the nation's leading scholars of law
and economics," who "has made major contribution to the study of
corporate control, governance and insolvency." He is the 2007-2008
President of the American Law and Economics Association, and a former chair of the Business Association Section of the American Association
of Law Teachers. Bebchuk's recent writings include "Pay without
Performance: the Unfulfilled Promise of Executive Compensation" (Harvard
University Press, 2004, co-authored with Jesse Fried), "The Case for
Increasing Shareholder Power" (Harvard Law Review, 2005), "The Costs of
Entrenched Boards" (Journal of Financial Economics, 2005, co-authored
with Alma Cohen) and "The Myth of the Shareholder Franchise" (Virginia
Law Review, 2007).
Bebchuk has been a frequent contributor to policy
making and public discourse in the corporate governance area. He has
appeared before the Senate Finance Committee, the House Committee of
Financial Services and the SEC. He has published many op-ed pieces,
including in The Wall Street Journal, The New York Times and the
Financial Times. He was included in the list of "100 most influential
people in finance" of Treasury & Risk Management and the list of
"100 most influential players in corporate governance" of Directorship
magazine.
Source: Icahn open letter to Yahoo! directors from PR Newswire via BnetSee The Deal's June 2007 profile of
Bebchuk as activist professor through his study of takeover defenses and executive compensation. See related pieces on shareholder voting, activism and foreign listing:
The contrarian and
Food for thought.
