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Should Executive Pay Be Regulated?

Myron Scholes Global Markets Forum

December 2, 2009, 5:30–7 p.m., Gleacher Center

Steven N. Kaplan discussed (1) whether CEO pay is out of control; (2) the role of pay at banks and financial firms in the financial crisis; and (3) whether proposed new regulations and caps make sense.

This event was part of the Initiative on Global Markets and is generously sponsored by Myron Scholes.

Speaker Profiles


Steven Kaplan conducts research on issues in private equity and entrepreneurial finance, corporate governance, mergers and acquisitions, and corporate finance. He has published papers in a number of academic and business journals. He has testified to the US Senate Finance Committee and the US House Financial Services Committee about his research. Kaplan is a research associate at the National Bureau of Economic Research and an associate editor of the Journal of Finance and the Journal of Financial Economics.

Kaplan teaches advanced MBA and executive courses in entrepreneurial finance and private equity, corporate financial management, corporate governance, and wealth management. He has been one of the top-rated teachers at Chicago Booth in BusinessWeek's biannual surveys since 1992. BusinessWeek named him one of the top 12 business school teachers in the country.

Kaplan serves on the board of directors of Accretive Health, Columbia Acorn Funds, and Morningstar. He also serves as a director of the Illinois Venture Capital Association and the University of Chicago Laboratory Schools, and as the academic dean of the Kauffman Fellows Program, an educational and mentoring program for new venture capitalists. He has been a member of the faculty since 1988.

He received his AB, summa cum laude, in applied mathematics and economics from Harvard College and earned a PhD in business economics from Harvard University.