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Fahlenbrach and Stulz (2011) "Bank CEO Incentives and The Credit Crisis PDF by Anonymous WFjMFHQ is a document available to read on EtoBox.

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This document summarizes a journal article that investigates the relationship between bank CEO compensation before the recent credit crisis and bank performance during the crisis. The study finds some evidence that banks with CEOs whose compensation was better aligned with shareholders through stock and option holdings actually performed worse during the crisis. However, it finds no evidence that banks did worse if CEOs received higher cash bonuses or option compensation. The study also finds that bank CEOs

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Anonymous WFjMFHQ

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EN