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Smith Business Close-Up: Financial System Reforms – Executive Pay

Nov 01, 2009
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Thursday, Oct. 29, 2009, 7:30 p.m.; Sunday, Nov. 1, 2009, 7:30 a.m.; Monday, Nov. 2, 2009, 4:30 a.m.

Financial System Reforms – 
Executive Pay

   

In the wake of the financial crisis of last fall, the Obama Administration appointed “pay czar” Kenneth Feinberg to work with the Department of the Treasury to sort out the way top executives at firms are compensated and what reforms should be made. Just last week, Feinberg came out with a plan to drastically slash compensation at seven companies bailed out by the federal government. But is focusing on reforming executive compensation barking up the wrong tree?

In this edition of Smith Business Close-Up with the University of Maryland’s Robert H. Smith School of Business, Haluk Ünal talks about his new research that finds executive compensation may not be the negative force it’s made out to be.

Ünal is a professor of finance, a research advisor at the Center for Financial Research at the FDIC, and a fellow of the Wharton Financial Institutions Center. His current research focuses on supply, demand and regulation of financial services. Specifically, he has conducted research to answer questions in risk management, credit-risk pricing, and the analysis of incentives and conflicts in bank ownership changes. His work has been published in the Journal of Finance, Journal of Financial Quantitative Analysis, Journal of Money Credit and Banking, Review of Derivatives Research, and other leading journals.

Smith Business Close-Up is co-produced by the Robert H. Smith School of Business and Maryland Public Television. The television segment focuses on the latest thinking in business management, and features in-depth interviews with Smith School faculty and other members of the school’s community of business leaders.

Where to watch
Smith Business Close-Up can be seen bi-weekly on Maryland Public Television's Your Business and Money. The program airs at 7:30 p.m. on Thursdays and is repeated the following Sunday at 7:30 a.m. and Monday at 4:30 a.m. on public television stations throughout Maryland and the Washington, D.C., metropolitan region, including:

 WMPB-TV (Ch. 67), Baltimore 
 WMPT-TV (Ch. 22), DC metro/Annapolis 
 WCPB-TV (Ch. 28), Salisbury 
 WFPT-TV (Ch. 62), Frederick 
 WWPB-TV (Ch. 31), Hagerstown 
 WGPT-TV (Ch. 36), Oakland

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About the University of Maryland's Robert H. Smith School of Business

The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty master's, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

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