Michael C. Jensen
Jesse Isidor Straus Professor of Business
Administration
Last update: May 2006
"Putting Integrity Into Finance Theory and Practice: A Positive
Approach,"
Meetings of the American Finance Association,
American Finance Association, Boston, MA, January 6, 2006
Centre for Corporate Governance, London School of
Business, London, England, January 19, 2006
Center for Corporate Governance, Le Bow College of
Business, Drexel University, March 1, 2006
Journal of Corporate
Finance Conference on Private Equity, LBOs, and Corporate
Governance, Rensselaer Polytechnic Institute, Troy, NY, April 21,
2006
CFO
Forum, University of Washington Business School, Seattle, WA, May 17,
2006
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"What Rochester Means to Me," Inaugural Dinner in Celebration of
University of Rochester's New President, Joel Seligman, University of
Rochester, Rochester, NY, October 23, 2005
"Management and the Capital Markets: Issues in Managing the Tensions
Between Two Cultures,"
Conference in Honor of Joel Seligman: The New
Corporate Governance Conference, Keynote Speech, Washington University School
of Law, St. Louis, Missouri, September 30, 2005
Kalmbach Lecture, Simon Business School, University
of Rochester, Rochester, NY, May 11, 2005
Morgan Stanley's CEO Summit in Venice, Morgan
Stanley, Milan, Italy, May 7, 200
4th Annual CORI Lecture, Contracting and
Organizations Research Institute, University of Missouri-Columbia, April 14,
2005
Stockholm Institute of Transition Economics (SITE),
Stockholm School of Economics, Stockholm, Sweden, April 5, 2005
6th Annual Maryland Finance Symposium,
Keynote Speech, Robert H. Smith School of Business, University of Maryland,
College Park, Maryland, March 31, 2005
Center for Economic Research (CentER), University
of Tilburg, Amsterdam, The Netherlands, September 29, 2004
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"The Puzzling State of Low-Integrity Relations Between Managers and
Capital Markets,"
The Causes And Consequences Of Recent Financial
Market Bubbles, Keynote Speech, The Review of Financial Studies and The Finance
Department of the Kelley School of Business, Indiana University, Bloomington,
IN, August 12, 2005
Conference in Honor of Hans Stoll's Contributions
to Finance, Vanderbilt University, Nashville, Tennessee, May 20, 2005
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"CEO Pay. . . and how to fix it," NBER Summer Institute 2005,
Corporate Governance Project Workshop, National Bureau of Economics Research
(NBER), Cambridge, MA, July 29, 2005
"The Agency Cost of Overvalued Equity and the Current State of
Corporate Finance," Acceptance of the European Financial Management 2004 Readers
Choice Best Paper Award (by vote of the readership of the EFM Journal) at the
EFMA 2005 Conference, European Financial Management Association, Bocconi
University Milan, Italy, July 1, 2005
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"Leadership," Commencement Address and Acceptance of Doctor of Laws,
honoris causa degree, Convocation Ceremony, Governing Council of the University
of Toronto, Toronto, Canada, June 15, 2005
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"Agency Costs of Overvalued Equity,"
Corporate Governance in the Information,
Communications, & Technology Sector, Columbia Institute of Tele-Information
(CITI), Graduate School of Business, Columbia University and The Association of
the Bar of The City of New York, Telecommunications Law Committee, New York,
NY, June 10, 2005
Financial Market Competition and Integration, 2004
NTU International Conference on Finance, National Taiwan University, Taipei,
Taiwan, December 20, 2004
Corporate Finance Program, National Bureau of
Economic Research (NBER), Cambridge, MA, November 19, 2004
LSE/NYU Governance Program, Keynote address, London
School of Economics & New York University, London, England, November 4,
2004
"Agency Costs of Overvalued Equity," SEC, Seminar, September 10, 2003
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"CEO Pay and What To Do About It," SNS Corporate Governance
Network Seminar, Center for Business and Policy Studies (SNS), Stockholm,
Sweden, April 6, 2005
"Remuneration: Where We've Been, How We Got to Here, What are the
Problems, and How to Fix Them,"
Harvard Law Seminar, Program on Corporate
Governance, Harvard Law School/Harvard College Economics Department, Cambridge,
MA, March 21, 2005
Ethical Finance Research Conference on Managerial
Compensation, Keynote address, Center for Corporate Responsibility and
Sustainability (CCRS) and the Swiss Banking Institute Zurich, Switzerland,
November 2, 2004
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Financial Management Association, New Orleans, LA, Keynote Speech, October 6, 2004
’ÄúIssues and Puzzles in Performance Management,’Äù Association of Economics Students (EFACT) of the University of Tilburg, Tilberg, Amsterdam, The Netherlands, Keynote Speech, September 30, 2004
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’ÄúValue Maximization and the Agency Costs of Overvalued Equity,’Äù Amsterdam Center for Corporate Finance, Universiteit van Amsterdam, Amsterdam, The Netherlands, Keynote Speech, September 28, 2004
’ÄúEfficient Markets,’Äù Fortune Aspen Forum, BRAINSTORM 2004, July 14-16, in Aspen, Colorado, July 14, 2004
Western Finance Association, WFA annual meetings, Vancouver, B.C., Canada, Lecture, June 25, 2004
’ÄúMisuses of Power in Corporations,’Äù Center for Public Leadership and the Hauser Center for Nonprofit Organizations, Cambridge, MA, Panelist, March 12, 2004
Governance, Federal Reserve Bank of Chicago, Chicago, IL, Presentation, October 31, 2003
The Batten Institute, Darden Graduate School of Business Administration, University of Virginia, Charlottesville, VA, Speech, May 29, 2003
’ÄúLegal Issues in Production, Dissemination and Use,’Äù National Academies' "Symposium on Electronic Scientific, Technical, and Medical Journal Publishing and its Implications," National Academy of Sciences, Washington, DC, Keynote presentation, May 19, 2003
Ninth International Finance Conference (sponsored by Fortis), Georgia Tech, Atlanta, GA, Keynote speech, April 11, 2003
’ÄúShareholder Value vs. Non-Shareholder Obligations,’Äù New York University’Äôs Center of Law and Business, New York, NY, Panelist, February18, 2003
The Capital Market Group Foundation, Stockholm, Sweden, Keynote speech, February 3, 2003
Beyond Budgeting Round Table (BBRT), New York, NY, Participant, September 25-27, 2002
European Financial Management Association's Annual Meetings, Keynote speech, June 28, 2002
International Association for Conflict Management, Salt Lake City, UT Budget paper, Presentation, June 11, 2002
’ÄúShould the European Union adopt the Winter Group's Proposals on Reforming Corporate Takeover Regulation in Europe?,’Äù European Corporate Governance Institute (ECGI), Panelist, May 31, 2002
’ÄúCongressional Leaders as Negotiators: Understanding Extremism,’Äù by David C. King and Richard J. Zeckhauser, Hauser Center Leadership Conference, Center for Business and Government, Kennedy School of Government, Discussant, March 15, 2002
Simon Business School, University of Rochester, Rochester, NY, Commencement Speech, June 10, 2001
Western Economics Association Meeting, General Session on "Theories of Firms and Markets," San Diego, CA, Panelist, July 7, 1999
Meckling Memorial Lecture, The European Financial Management Association (EFMA) Eighth annual meeting in Paris (France), Keynote Speaker, June 25, 1999
"Weak Governance and the Emotional Brain: Lessons from Modern Neuroscience,’Äù The European Financial Management Association (EFMA) Eighth annual meeting in Paris (France), Ph.D. Student Seminar Presentation, June 24, 1999
’ÄúCreating an Environment for Growth,’Äù XII International Conference of Private Business Associations, Stockholm, Sweden, Speech, June 11, 1998
"Weak Governance and the Emotional Brain," Institute of Finance and Accounting, London Business School, London, England, Presentation at Donors Seminar, June 4, 1998
American Economic Association Meeting, Panelist, January 2, 1998
"Topics in compensation policy," Accounting & Finance Workshop, Ernst & Young Center for Auditing Research & Advanced Technology, Kansas School of Business, University of Kansas, KS, Accounting/Finance Workshop, November 14, 1997
Organizational Economics Seminar, "Non Rational Behavior, Agency Costs and Organizations," Kansas School of Business, University of Kansas, KS, Lecture, November 13, 1997
8th Annual Conf. on Financial Economics and Accounting, Buffalo, NY, Keynote Speech, November 8, 1997
"Leadership," Commencement of the Marshall School of Business,
University of Southern California, Los Angeles, CA, May 9, 1997
Download a copy of Leadership readable with Adobe Acrobat Reader.
"New Trends in Corporate Governance," CSC Index, Pebble Beach, CA, Speech, February 26, 1997
"Human Behavior and Organization Theory," Stockholm School of
Economics, Stockholm, Sweden, May 20, 1996
"Corporate Governance: Current Issues and New Challenges," Holger
Crafoords Symposium, University of Lund, Lund Sweden, May 13, 1996
"Owners, Managers, and Free Cash Flow: The American Experience,"
AB Assesores Corporate Governance Seminar, Madrid, Spain, May 7, 1996
"The Third Industrial Revolution: Changing the Competitive Environment,"
and "Resolving the Control Problem: The Challenge to Top Management and
Governance," CSC Index Senior Management Interchange, New Models of
Corporate Governance, Boston, April 17-18, 1996
"The Brain, Human Behavior, and Organizations,"
Harvard Medical School, Seminar on Pain: "Exploring Issues from Sensory Receptors to Societal Concerns," April 2, 1996
Board of Directors of the Associates, Harvard
Business School, Boston, March 29, 1996
Mind, Brain, Behavior Initiative, Harvard University,
March 5, 1996
"The Brain Thing," and "Management Implications of "The
Brain Thing,'" The EVA Institute, Senior Management Seminar, Palm Springs,
CA, February 19-20, 1996
"The Changing Role of the CEO," Fortune 500 CEO Forum, San
Francisco, CA, November, 1995
"Compensation and Self Control," Conference on Executive
Compensation, Yale Finance Institute, Woodstock, Vermont, October, 1995
"Transforming Work and Organizations for the 21st Century,"
Symposium, Academy of Management, Vancouver, BC, August, 1995
"Corporate Governance and the Failure of Internal Control Systems:
Defects in the Human Brain," Nobel Symposium on Law and Finance,
Stockholm, August, 1995
"The Third Industrial Revolution: Changing the Competitive
Environment," and "Resolving the Control Problem and Providing for
Adaptation: The Challenge to Top Management,"
CSC Index, New Models of Corporate Governance, Boston, MA, April 17, 1996
Andersen Consulting Strategic Services, Phoenix,
AZ, April, 1995.
Corporate Finance and Governance Seminar, Federal
Judges Program, Law and Economics Center, Emory University, Amelia Island,
Florida, May, 1995
"The New Competitive Environment," and "Resolving the Control
Problem and Providing for Adaptation: The Challenge to Top Management,"
Markets and Firms Conference, Auckland, NZ, February, 1995
"Ethics, Rational and Non-Rational Behavior, and Organizations,"
National Conference on Finance Ethics, U. of Florida, Gainesville, FL, January
1995
"Economics, Organizations, and Non-Rational Behavior," Presidential
Address, Western Economic Association International, Vancouver, BC, June 1994
"Managing Change in A Global Environment," Continental Bank
Corporate Finance Conference, Banff, Canada, June, 1994
"Commercial Banks' Role in Corporate Governance and Potential
Alternatives: A Western Viewpoint," Task Force on Comparative
Privatization," Institute for EastWest Studies, Berlin, May, 1994
"Rationality and Irrationality in Human Behavior," Mind, Brain,
and Behavior Interfaculty Initiative, Harvard University, Cambridge, MA,
January, 1994
"Economics, Psychology and Organizations," Conference on Economics
and Organizations, University of Rochester, Rochester, NY, November, 1993
"The Modern Industrial Revolution, Exit, and the Failure of Internal
Control Systems,"
Financial Executives Institute, Annual Conference for Senior Managers, Chicago, IL, October 1994.
Harvard Business School Executive Education
Reunion, Boston, MA, June, 1994, Alumni Reunion, October, 1994
Emory University, Atlanta, April, 1994
Advanced Management Program, Harvard Business
School, Boston, MA, April, 1994
Bradley Seminar on Business Competitiveness,
University of Wisconsin, Milwaukee, April, 1994
Harvard Business School Clubs, Kuala Lumpur,
Malaysia and Hong Kong, February, 1994
World Economic Forum, Davos, Switzerland, January,
1994
Competitiveness Council, Boston, MA, January, 1994
Workshop in Information Systems and Economics
(WISE) Conference, Orlando, FL, December, 1993
Harvard Business School Alumni Reunion, October,
1993
Consortium on Competitiveness, Boston, MA,
September, 1993
Business History Seminar, Harvard Business School,
Boston, MA, September, 1993
Harvard Business School Association of Boston,
September, 1993
World Economic Forum, Cambridge, MA, September,
1993
Western Economic Association International, Lake
Tahoe, NV, June, 1993
Harvard Alumni Association, and Harvard Executive
Education Alumni Association, Harvard Business School, Cambridge, MA, June 1993
Finance Seminar, University of Pittsburgh,
Pittsburgh, PA, May, 1993
Organizational Behavior and the Theory of the Firm
Seminar, Harvard Business School, Boston, MA, May, 1993
Continental Bank Financial Conference, La Quinta,
CA, April 1993
Organizations and Markets Seminar, Simon School of
Business, University of Rochester, Rochester, NY, May 1993
1st Karl Brunner Conference, Conflicts of Interest
between Shareholders and Managers, University of Bern, Zurich, Switzerland,
April 1993
Download a copy of The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems readable with Adobe Acrobat Reader.
"Science, Specific Knowledge, Quality Management, and the Case of
Sterling Chemicals, Inc.," Field Studies in Quality Management Conference,
Simon School, University of Rochester, Rochester, NY, March 1993.
"Finance, Governance and Organization," Presidential Address,
American Finance Association, Anaheim, CA, January 1993.
"Emerging Role of the Compensation Committee" The Shadow SEC
Meeting, Washington, DC, November, 1992.
"The Politics of Finance," Program for Management Development,
Harvard Business School, Boston, MA, November, 1992
"Emerging Role of the Compensation Committee," Conference on
Compensation Committees in the 90s-"CEO Pay: Is the System Broke?"
Management Compensation Group and the National Association of Corporate
Directors, San Francisco, CA, May 1992.
"Corporate Governance and the Failure of the Internal Control System,"
Conference on Corporate Governance: New Problems and New Solutions, Center for
Economic Policy Research, Stanford University, Palo Alto, CA, April 1992.
"The Decade of the 80's and the Failure of the Internal Control
System"
Simon School of Business, University of Rochester, Rochester, NY, April 1992
SEC Public Forum on Corporate Governance and
American Economic Competitiveness: The Role of Shareholders, Directors and
Management, Washington, DC, March 1992
Finance Seminar, Babson College, Boston, MA, April
1992
"The Decade of the 80s and the Future of the Corporation,"
American Society of Corporate Secretaries, Pittsburgh, PA, March 1992.
"The Role of the Board of Directors in Creating Shareholder
Value," Continental Bank Corporate Finance Seminar, Beaver Creek, CO,
February 1992.
"Eclipse of the Public Corporation," Harvard Business School
Alumni Association of India, Bombay, January, 1992,
Download a copy of Eclipse of the Public Corporation readable with Adobe Acrobat Reader.
Discussant, "Adam Smith and the Study of Organizations," by Thomas
McCraw, and "What is a Firm? A Historical Perspective," by Alfred
Chandler, Business History Seminar, Harvard Business School, December, 1991.
"Knowledge, Control and Organizational Structure,"
Telecommunications Conference, Salomon Island, MD, September 29, 1991.
"Politics and Ethical Issues in Finance," Association Francaise de
Finance (AFFI), Universit_(c) Catholique de Louvain, Louvain-la-Neuve, Belgium,
July 1, 1991.
"Finance, Governance and Organization," Plenary Lecture,
Association Francaise de Finance (AFFI), Universit_(c) Catholique de Louvain,
Louvain-la-Neuve, Belgium, July 1, 1991.
"Capitalism Is Not the Stock Market," Honorary Degree Ceremony,
Universit_(c) Catholique de Louvain, Louvain-la-Neuve, Belgium, July 1, 1991.
"Corporate Control and the Decade of the '80s," Harvard Business
School Club of Toronto, Toronto, Canada, June 1991.
"The Productivity of R&D; Expenditures,"
Stanford Business School, Palo Alto, CA, March 11, 1991.
Harvard Business School, Seminar on Organizational
Behavior and the Theory of the Firm, November 30, 1990.
"The Privatization of the Bankruptcy Process," and
"Violations of Contract Rights by the Bankruptcy Courts," Conference
on Corporate Bankruptcy and Distressed Restructurings: Analytical Issue and
Investment Opportunities, New York University Salomon Center, NY, February
28-March 1, 1991.
"Contract Failure and Boom/Bust Cycles in Venture Markets,"
Eleventh Annual Bond Conference, Fixed Income Society, NY, NY, February 1,
1991.
"Four Star Management," with George Baker and Richard Hackman,
Harvard Business School, Organizations and Markets Roundtable and Work in
Process Seminar, January 31, 1990.
"CEO Compensation: The Data and the Politics," Compensation
Council, Conference Board, Boston, MA, October, 10, 1990.
"Knowledge, Control and Organizational Structure," Nobel Symposium
No. 77, Saltsjobaden/Stockholm, Sweden, August 18-20, 1990.
"Active Investors, LBOs and the Politics of Finance,"
Corporate Finance Conference, "Financing in the '90s," Continental Bank, Hilton Head Island, SC, October, 27 1990.
Berkshire Partners Annual Meeting, Boston, MA, September
27, 1990.
International Senior Managers Program, Harvard
Business School, July 10, 1990.
Contemporary Developments in Accounting and
Control, Harvard Business School, July 10, 1990.
Harvard MBA and Executive Education Reunions,
Boston, MA, May 31, June 1, 4 and 5, 1990.
Marriott Controllers Conference, Cancun, Mexico,
May 29, 1990.
Investor's Conference, San Francisco, CA, May 21,
1990.
Panelist, Corporate Governance Workshop, Wharton School, May 23, 1990.
Panelist, "Takeovers in the 1990s," Groundbreaking Day, Simon
School of Business, U. of Rochester, Rochester, NY, May 16, 1990.
Panelist, "Culture and Group Norms," Organizational Behavior and
the Theory of the Firm Seminar, Harvard Business School, Boston, MA April 27,
1990.
"Active Investors, Private Capital and the Politics of Finance,"
Advanced Management Program, Harvard Business School, Boston, MA April 30, May 10, 1990, October 10, 1990.
Continental Bank 1990 Financial Conference,
Scottsdale, AZ, April 29, 1990.
"Performance Pay and Top Management Incentives," Financial
Research Center Seminar, Department of Economics, Princeton University,
Princeton, NJ, April 13, 1990.
Download a copy of Performance Pay and Top Management Incentives readable withAdobe Acrobat Reader.
"Eclipse of the Public Corporation" and "The Politics of
Finance," Legal Theory Workshop, Yale Law School, New Haven, CT, April 12,
1990.
Download a copy of Eclipse of the Public Corporation readable with Adobe Acrobat Reader.
"The Politics of Finance: The Uneasy Tension Between Managers and
Markets," and "Research Challenges in Finance," Eastern Finance
Association Keynote Address, Charleston, SC, April 6, 1990.
Panelist, "High Leverage Forum," J. Ira Harris Center for the
Study of Corporate Finance, University of Michigan, Ann Arbor, MI, March 15,
1990.
"Lessons From the World of LBOs," Alcan Senior Manager Conference,
Amelia Island, FL, March 9, 1990.
Lecturer, LEC Advanced Course for Federal Judges on Corporate Governance and
Financial Markets, George Mason School of Law, Law and Economics Center, Marco
Island, FL, February 7-9, 1990.
"The Effects of LBOs on the Economy: Issues and Evidence,"
Boca Grande Men's Club, Boca Grande, FL, February 21, 1990.
Agribusiness Seminar, Harvard Business School,
Boston, MA, February 5, 1990
Institutional Investor, CEO Roundtable, Naples, FL,
January 12, 1990.
Cliometric Society, Atlanta GA, December 28, 1989.
Conference, Realizing the Value in Your Company,
M&A; Magazine, Chicago, IL, December 11, 1989.
Real Estate Symposium, Harvard Business School,
Boston, MA, December 4, 1989.
T. Rowe Price Associates, Baltimore, MD, November
30, 1989.
The Garn Institute of Finance, Financial Markets in
the 1990's, Key Largo, FL, November 12, 1989.
"Performance Pay and Top Management Incentives," Economics Seminar,
Yale School of Organization and Management, New Haven, CT, April 27, 1989.
Download a copy of Performance Pay and Top Management Incentives readable with Adobe Acrobat Reader.
"The Economic Effects of LBOs," Strom Thurmond Institute,
Symposium on "LBOs: Financial Paradise or Corporate Ruin?" National
Press Club, Washington DC, April 12, 1989.
"Capital Market Theory, Knowledge and Research," discussion at
1989 Conference on Socio-Economics, Harvard Business School, March 31, 1989.
"Active Investors, LBOs and the Privatization of Bankruptcy,"
Continental Bank, Chicago, IL, June 28, 1989.
Citicorp, NY, June 19, 1989.
Council on Financial Competition, Washington, DC,
June 1, 1989.
Leveraged Buyouts and Public Policy, American
Enterprise Institute, Washington, DC, May 20, 1989.
Worldwide Financial Management Conference, Merck
& Co., Great Gorge, NJ, May 15, 1989.
Pension Trust/Global Custody Conference, Chase
Manhattan Bank, Colorado Springs, CO, May 2, 1989.
Institutional Research Conference, Drexel Burnham
Lambert, Los Angeles, CA, April 7, 1989.
Senior Managers Conference, Nabisco Brands, Inc.,
March 16, 1989, Florham Park, NJ.
Download a copy of Active Investors, LBOs and the Privatization of Bankruptcy readable with Adobe Acrobat Reader.
"The Effects of LBOs and Corporate Debt on the Economy,"
Conference on High Leverage, Low Protection: The Two-Sided Problem of Corporate
Debt, Heyman Center on Corporate Governance, New York, March 7, 1989.
"Capital Markets, Organizational Innovation, and Restructuring,"
Academic Consultants Meeting, Board of Governors of the Federal Reserve System,
Washington, DC, January 12, 1989.
"The Resurgence of Active Investors: Private vs Public Markets,"
with Jay Light, Seminar on Financial Decisions and Control," Harvard
Business School, December 13, 1988.
"The LBO Association as a New Organizational Form and the Privatization
of Bankruptcy," Conference on Financial-Economic Perspectives on the
High-Yield Debt Market, New York University, December 9, 1988.
"Joint Costs and the Design of Efficient Cost Accounting Systems"
Conference on Accounting and the Theory of the Firm, William E. Simon School of
Business, University of Rochester, Rochester, N.Y., November 11, 1988.
"Rebuilding the Corporation: The Revival of Active Investors,"
Institutional Investor 1988 Corporate Financial Executive Roundtable,
Rebuilding the Corporation, Washington, D.C., October, 17, 1988.
"The Market for Corporate Control: A Response to the Elimination of
Financial Institutions as Monitors of Management, TIAA-CREF Symposium on
Corporate Governance, NY, September 27, 1988.
Conference on Taxation and Corporate Finance, National Bureau of Economic
Research, Participant, Cambridge, MA, August 8-12, 1988.
"Forum on Applied Corporate Finance," Lecturer, Continental
Illinois Capital Markets Group, Continental Bank, Singapore, Taipei, and Tokyo,
July 18-21, 1988.
"Free Cash Flow and the Incentive Effects of Debt," Ralston Purina
Company, St. Louis, Missouri, May 26, 1988.
"Leveraged Buyouts and the Reemergence of Institutional Monitoring of
Managers," Conference on Management Buyouts, Salomon Brothers Center for
the Study of Financial Institutions, Graduate School of Business, New York
University, New York, NY, May 20, 1988.
Download a copy of Leveraged Buyouts and the Reemergence of Institutional Monitoring of Managers readable with Adobe Acrobat Reader.
"The Absence of Pay for Performance and Top Management
Incentives,"
Ralston Purina Company, St. Louis, Missouri, May 26, 1988
Joint Harvard Club of Rochester and Harvard
Business School Club of Rochester, Rochester, NY, May 13, 1988.
Executive Development Program Seminar Series, Simon
School of Business, University of Rochester, Rochester, NY., May 6, 1988.
Conference on Advanced Issues in Mergers and
Acquisitions, Mergers & Acquisitions, Rye, New York, May 5, 1988.
"Performance Pay and Top Management Incentives," Management
Seminar Series, Krannert School of Management, Purdue University, West
Lafayette, Indiana, April 29, 1988.
Download a copy of Performance Pay and Top Management Incentives readable with Adobe Acrobat Reader.
"Corporate Takeovers: New Rules for Mergers and Acquisitions,"
Institutional Investor, New York, NY, April 19, 1988.
"Agency Costs of Free Cash Flow and Incentives of Debt,"
High-Yield Bond Conference, Drexel-Burnham Lambert, Los Angeles, CA, April 15,
1988.
"Compensation and Incentives: Practice vs. Theory,"
Seminar on Rational Models in the Social Sciences, Department of Economics, University of Chicago, Chicago, IL, May 24, 1988.
Organizations and Markets Workshop, University of
Rochester, March 29, 1988.
Seminar on Economics, Management Theories and
Behavioral Sciences, Harvard Business School, Boston, MA, March 16, 1988.
Download a copy of Compensation and Incentives: Practice vs. Theory readable with Adobe Acrobat Reader.
"Mergers and Acquisitions: The Future," Citibank, Captive Island,
FL, March, 1988.
"Incentives, Compensation, and the Theory of the Firm," joint
session of the American Finance Association and the American Economic
Association, ASSA Meetings, Chicago, IL, December 28, 1987.
"Free Cash Flow and the Effects of Mergers and Acquisitions on the
Economy," Federal Reserve Bank of Boston Conference on Merger Boom,
October 12-14, 1987.
Download a copy of Free Cash Flow and the Effects of Mergers and Acquisitions on the Economy readable with Adobe Acrobat Reader.
"Restructuring: Causes and Consequences," Corporate Finance
Network Conference, McKinsey & Company, Inc., September 22, 1987.
"Corporate Takeovers Revisited: Policy Implications of Recent
Research," Panel Discussion, Brookings Institution, Washington, D.C.,
September 22, 1987.
"Takeovers: Their Causes and Consequences" Competitiveness
Seminar, Harvard Business School, September 9, 1987.
Download a copy of Takeovers: Their Causes and Consequences readable with Adobe Acrobat Reader.
"Reform of the Proxy Process," panel discussion, United
Shareholders Association, Washington, D.C, June, 1987.
"Are Executive Compensation Contracts Structured Properly"
Economics Seminar, Dept. of Economics, Clemson Univ., March 21, 1988.
Finance Workshop, Kellogg School of Management,
Northwestern Univ., Oct. 28, 1987.
Labor/Public Finance Workshop, Massachusetts
Institute of Technology, Oct. 26, 1987.
Applications Workshop, University of Chicago,
October 19, 1987.
Labor Workshop, Harvard University, September 30,
1987.
Industrial Relations Workshop, Sloan School of
Management, MIT, Sept. 27, 1987.
Harvard Business School Control Workshop, September
14, 1987.
Organizations and Markets Workshop, University of
Rochester, May 19, 1987.
American Economics Association, New Orleans,
December, 1986.
"The Takeover Controversy"
Harvard Business School MBA 25th & 30th Reunion, September 1987.
Harvard Business School MBA Reunion & Executive
Education Reunion, June, 1987.
Seminar for Top Management in Retailing, Harvard
Business School, June, 1987.
Harvard Business School Club of Rochester, May,
1987.
Town Hall of California, and Harvard Business
School Club of Los Angeles, March, 1987.
Download a copy of The Takeover Controversy readable with Adobe Acrobat Reader.
"The Effect of Takeovers on the Economy," 36th Public Relations
Seminar, Boca Raton, FL, May, 1987.
Lecturer, George Mason University Law and Economics Center Advanced Course
for Federal Judges on Corporate Governance and Financial Markets, Captiva
Island, FL, March, 1987 and March 1988.
Conference on the Economic Effects of Mergers and Acquisitions, National
Bureau of Economic Research, Discussant, Key Largo, FL, February, 1987.
"Takeovers in the United States and the Agency Costs of Free Cash
Flow" The London School of Economics Financial Markets Group Conference on
the Economics of Takeovers, London, December, 1986.
"Takeovers and the Agency Costs of Free Cash Flow"
Workshop on Corporate Finance, European Institute for Advanced Studies in Management, Brussels, December, 1986.
Department of Applied Economic Sciences, Katholieke
Universiteit Leuven, Belgium, December, 1986.
"Takeovers and the Agency Costs of Free Cash Flow," and
"Organization Theory" - Westinghouse Corporation, November, 1986.
"Current Research Issues in Corporate Control" - Financial
Management Association, 1986 Doctoral Student Seminar, N. Y., October, 1986.
"Takeovers and the Business Judgement Rule," and "Free Cash
Flow Theory" - National Bureau of Economic Research, 1986 Summer Institute
on Mergers and Acquisitions, Cambridge, MA, August, 1986.
Download a copy of Takeovers and the Business Judgement Rule readable with Adobe Acrobat Reader.
"Divisional Performance Measurement" Harvard Colloquium on Field
Studies in Accounting, June 18-20, 1986.
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readable with
"Free Cash Flow and the Takeover Controversy" Eastman Kodak
Company, Rochester, NY, June 10, 1986.
Participant - National Bureau of Economic Research Conference on Mergers and
Acquisitions, Cambridge, MA, May 8, 1986.
"The Takeover Controversy" Graduate School of Management,
University of Rochester, Executive Development Program Evening Seminar,
Rochester, NY, May 2, 1986.
Download a copy of The Takeover Controversy readable with Adobe Acrobat Reader.
"Where Are We in the Shareholder Revolution?" Batterymarch
Financial Management Client Workshop, Boston, MA, April 22, 1986.
"The Takeover Controversy: Analysis and Evidence" The Rodney L. White
Center for Financial Research, The Wharton School, University of Pennsylvania,
Philadelphia, PA, April 18, 1986.
Download a copy of The Takeover Controversy: Analysis and Evidence readable with Adobe Acrobat Reader.
Panelist - "The Dealmakers: Foretelling the Future of M&A;'s"
session at the Institutional Investor Trader Forum Conference, New Orleans, LA,
April 4, 1986.
"The Takeover Controversy: The Conflict Between Shareholders and
Managers" - Cato Institute Policy Forum, Washington, D.C., March 20, 1986.
"The Takeover Controversy" Rochester Society of Security Analysts,
Rochester, NY, March 12, 1986.
Download a copy of The Takeover Controversy readable
with
"Free Cash Flow and Takeovers" Trustees Meeting, University of
Rochester, Rochester, NY, February 7, 1986.
"The Agency Costs of Free Cash Flow: Corporate Finance and
Takeovers"
International Association of Energy Economists, MIT, November, 1986.
Program for Management Development, Harvard
Business School, November, 1986.
Rochester/Erasmus Executive Development Program,
Univ. of Rochester, July, 1986.
Financial Analysts Federation Investment Mgmt.
Workshop, Princeton, July, 22, 1986.
Harvard Business School Reunion Weekend Program,
May 30 and June 2, 1986.
Organizations and Markets Workshop, Graduate School
of Management, University of Rochester, May 20, 1986.
Presidents Seminar, Harvard Business School,
January, 1986.
Download a copy of The Agency Costs of Free Cash Flow: Corporate Finance and Takeovers readable with Adobe Acrobat Reader.