Some of the most puzzling questions the lecture will answer are: Do executives get paid through a ‘market for talent’ just like football stars get paid? Why did executive pay in the US, and in many countries including Germany, increase so rapidly in the past two decades? Do executives get paid through a ‘market for talent’ just like football stars get paid? Why did executive pay in the US, and in many countries including Germany, increase so rapidly in the past two decades? If the argument is that executives are compensated for the risk they bear, did they take on too much risk prior to the financial crisis? Do the ones least able and responsible have to bear the greatest burden? Is this fair? What should be done and what is being done? Should we tax salaries higher? Put limits on them? Improve governance? Let the market decide?
About Bruce Kogut
Bruce Kogut is the Sanford C. Bernstein & Co. Professor of Leadership and Ethics and Director of the Sanford C. Bernstein Center for Leadership and Ethics at Columbia Business School. He teaches the core courses in strategy and in governance and an elective on "The Future of Finance" for the MBAs and EMBA and has taught in executive programs in the US, Europe, and China. His current research focuses on governance and corporate compensation, social capital markets and social metrics (published in the Harvard Business Review in 2011), and the 'political color of boards,' financed by the National Science Foundation in the area of sociology and computational social science. In cooperation with IFMR in Chennai, colleagues and he are researching the contributions of pro-social attitudes of employees and incentives on the productivity of microfinance institutions.
His most recent book is The Small Worlds of Corporate Governance, published by MIT Press in 2012. A collection of his past articles on real options and foreign investment and knowledge of the firm was published by Oxford University Press in 2008 under the title Knowledge, Options, and Institutions. He is a member of the academic advisory board to the chief economist of the European Bank for Reconstruction and Development and is a director in corporate and academic boards in Europe and India. He received his PhD from the MIT Sloan School of Management and holds an honorary doctorate from the Stockholm School of Economics. He has been an academic visitor at several research institutes, including Science Center Berlin, Ecole Polytechnique, Santa Fe Institute, and Tsinghua University. He directed the strategy and emerging-economy research centers and was the associate vice dean for the PhD program at Wharton and was the founder of the social entrepreneurship program at INSEAD. At Columbia University, he collaborated with Cambridge University to co-direct the Ariane de Rothschild Fellows Program that identified and trained social entrepreneurs with an interest in fostering a culture of mutual respect and dialogue among Jewish and Muslim communities. Currently, he is a fellow at the Institute for Advanced Study in Berlin.
Information on participating / attending:
Please register at: openlecture@esmt.org
Date:
05/07/2013 18:00 - 05/07/2013
Event venue:
Schloßplatz 1
10178 Berlin
Berlin
Germany
Target group:
Business and commerce, Journalists
Email address:
Relevance:
international
Subject areas:
Economics / business administration
Types of events:
Presentation / colloquium / lecture
Entry:
04/12/2013
Sender/author:
Ulrike Schwarzberg
Department:
Corporate Communications
Event is free:
yes
Language of the text:
English
URL of this event: http://idw-online.de/en/event43286
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