William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance; Director, Program on Corporate Governance
Harvard Law School
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, Professor Bebchuk holds an LL.M. and S.J.D. from Harvard Law School and an M.A. and a Ph.D. in Economics from the Harvard Economics Department. His research focuses on corporate governance, law and finance, and law and economics. 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." Bebchuk is the author or coauthor of more than one hundred research papers, as well the widely acclaimed book Pay without Performance: the Unfulfilled Promise of Executive Compensation. Bebchuk’s papers have appeared in the top academic journals in law, in economics, and in finance, and SSRN ranks him first among legal academics of all fields in terms of citations to his work.
Bebchuk has been a frequent contributor to policy-making, practice, and public debate in the fields of corporate governance and financial regulation. He has appeared in hearings and roundtables before the Senate Finance Committee, the Senate Banking Committee, the House of Representatives Committee of Financial Services, and the SEC; has authored numerous op-ed pieces, including in the Wall Street Journal, the New York Times, and the Financial Times; has advised governmental bodies (such as the Special Master on TARP executive compensation during the financial crisis) and publicly traded firms; served on the board of directors of OJSC MMC Norilsk Nickel, the world’s largest producer of nickel and palladium; and heads the Shareholder Rights Project, a program that has represented public pension funds and charitable organizations in bringing about corporate governance reforms in a large number of publicly traded firms. Recipient of the International Corporate Governance Network’s Award for Excellence in Corporate Governance, Bebchuk was also included in the list of the "100 most influential players in corporate governance" of Directorship, the "100 most influential people in finance" of Treasury & Risk Management, and the list of top 10 ”governance stars” of Global Proxy Watch.
Bebchuk is the President of the Western Economics Association International, the Director of the SSRN Corporate Governance Network, former President of the American Law and Economics Association, and former Chair of the Business Association Section of the American Association of Law Teachers.