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Criminalizing executive compensation

The SEC's charges in the Brocade case start the criminal phase of the backdating so-called scandal. Since much of corporate America has been implicated in this practice, we may be looking at a significant ratcheting up of the practice of criminalizing agency costs -- we're now criminalizing executive compensation. Where might it end? I have some thoughts here and here.



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.