March 19, 2009 at 8:46 am
School of Management Professor James Post, an authority on corporate governance and business ethics, in a BU Today Q&A discusses the impact of the furor over the AIG bonuses and how it could impact both the short-term recovery process and the long-term future of executive compensation in the financial services industry. Contact James Post, 617-353-4162, […]
March 17, 2009 at 10:56 am
Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says taxpayer-owned insurance giant AIG should just not pay those executive bonuses and let them sue. “Since the AIG bailout in September, the moribund company has paid out $120B to counterparties and […]
March 16, 2009 at 3:41 pm
International Relations Professor Charles Stith, director of the African Presidential Archives and Research Center (APARC) and former U.S. ambassador to Tanzania, just returned from an 8-nation trip to Africa where he met with current and former leader to discuss the Obama administration’s likely role on the continent. Stith was in Washington today to brief Senate […]
March 16, 2009 at 10:46 am
Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law (and early in his career responsible for executive compensation at Shawmut National Corporation, now part of Bank of America) says there should be no bonuses at bailed-out insurance giant AIG. “It defies imagination that the Treasury Department would sign off on […]
March 13, 2009 at 11:12 am
School of Management finance Professor Mark T. Williams, an expert on energy risk management, says the global recession has overtaken the ability of the Organization of Petroleum Exporting Countries to set oil prices, which will be reflected in next week’s OPEC meeting in Vienna. “The global recession has put significant downward pressure on oil demand, […]
March 12, 2009 at 3:03 pm
Journalism Professor Mitchell Zuckoff, author of “Ponzi’s Scheme: The True Story of a Financial Legend,” says in a New York Times blog that Bernard Madoff has become an emblem of a bad financial era. “Once in a rare while, a financial fraud is so audacious and extraordinary, yet so in tune with larger societal forces and […]
March 12, 2009 at 2:52 pm
Law Professor Keith Hylton, an authority on labor law, says the proposed Employee Free Choice Act will not likely close the gap between union share of employment in the public sector (44%) and in the private sector (7%). “The gap between public and private sector union shares reflects the degree to which institutions are subjected […]
March 12, 2009 at 10:53 am
College of Communication Associate Dean Tobe Berkovitz, an authority on political advertising and messaging, says the Democrats’ campaign to use Rush Limbaugh to attack the Republican Party is backfiring. “Rush is a handy punching bag for the White House and the Democratic attack machine, but the ‘Rush is the devil’ message and coordinated effort is […]
March 11, 2009 at 9:50 am
Law Professor Tamar Frankel, an authority on securities law and legal ethics who is writing a book on Ponzi schemes, says Bernard Madoff is smart to plead guilty. “It seems that Madoff’s strategy is to confess, shorten all proceedings as much as possible, avoid jury trial almost at all costs, perhaps serve some time in prison […]
March 10, 2009 at 12:13 pm
Fed chairman Bernanke’s call for a broad reworking of how the government regulates the financial system was met with skepticism by finance Professor Mark T. Williams, a former Fed bank examiner, and law Professor Tamar Frankel, a securities law authority. Williams says Bernanke missed the point. “The Fed took its eye off the ball. The […]
