Can U.S. companies be embarrassed out of paying their CEOs hundreds of times what the average worker makes? The SEC wants to find out. By a 3-2 vote, the agency recently ordered that companies begin disclosing the ratio of their CEO’s pay to that of the median employee. The rule’s backers believe it's indefensible that CEO pay has grown in the last-half century from 50 times what the average worker makes to roughly 300 times, even as middle-class wages have stagnated. Smith School professors Hui Liao and Michael Faulkender have differing viewpoints. Read more...
In this episode of Smith Business Close-Up with the Smith School, host Jeff Salkin sits down with Michael Faulkender to talk about tax reforms.
September 27, 2012 & September 30, 2012
MEDIA ALERT: May 3, 2011
Business Lessons Could Hold Clues to How Bin Laden’s Death Will Impact Al Qaeda, Economy
UMD’s Smith School of Business Experts Offer Insights
With the 10-year U.S. manhunt for Osama Bin Laden ending in the terrorist leader’s death, the world is watching for the impacts. Lessons from business could hold clues to how the loss of the leader might impact the Al Qaeda organization and the global economic climate.
Professor Paul Tesluk weighs in on how Bin Laden’s death may affect the Al Qaeda organization.
Thursday, Oct. 1, 2009, 7:30 p.m.
Sunday, Oct. 4, 2009, 7:30 a.m.
Monday, Oct. 5, 2009, 4:30 a.m.
Setting CEO Pay – Executive Compensation
Michael Faulkender, associate professor of finance in the University of Maryland's Robert H. Smith School of Business, says companies will find ways around the Department of the Treasury's new measures to deter U.S. firms from relocating headquarters to countries with lower tax rates – the basis of a “corporate inversion.” Instead of focusing on this business strategy, he says, U.S. officials should target and lower the corporate tax rate.
COLLEGE PARK, Md. - Finance experts in the University of Maryland’s Robert H. Smith School of Business are available to expand on their comments, below, covering tax policy and investing implications from the Burger King-Tim Hortons merger.
Faculty experts in the University of Maryland’s Robert H. Smith School of Business are available to expand on comments, below, regarding Tesla Motors CEO Elon Musk announcing his company will open its patented technology to competitors and European Union regulators investigating whether such major firms as Apple and Starbucks are violating EU tax law.
In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, Michael Faulkender, assistant professor of finance, shares his findings from research into executive compensation practices and how firms decide what to pay their CEOs.
Michael Faulkender, assistant professor of finance, received his PhD from Northwestern University.