Lucian Bebchuk to Give Raben Lecture, "The Myth of the Shareholder Franchise," Nov. 15

Lucian Bebchuk, the William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School, will deliver the John R. Raben Lecture, titled "The Myth of the Shareholder Franchise," on Tuesday, November 15, at 4:30 p.m., in the Faculty Lounge. The talk is free and open to the public.

Bebchuk holds degrees in both law and economics, and his main areas of research are corporate governance, law and finance, and law and economics. Upon electing him to membership in 2000, the American Academy of Arts and Sciences cited him as "One of the nation's leading scholars of law and economics," who "has made major contribution to the study of corporate control, governance, and insolvency." Bebchuk's recent writings include Pay without Performance: the Unfulfilled Promise of Executive Compensation (Harvard University Press, 2004, co-authored with Jesse Fried), "The Case for Increasing Shareholder Power" (Harvard Law Review, 2005), and "The Costs of Entrenched Boards" (Journal of Financial Economics, 2005, co-authored with Alma Cohen).