... as before. [2] Thus, this change should be associated with a reduction in total CEO compensation. Executive compensation Universal demand Liability risk Agency theory D82 G30 G34 G38 J33 K22 D82 G30 G34 Shareholder litigation imposes significant costs on firms and CEOs...

... Limited Licensed re-use rights only Penalty Banking Misconduct Enforcement action Regulatory action Financial regulation C11 C21 C58 G14 G21 G28 G321 K22 K42 This paper examines the stock market reactions to announcements of regulatory and law enforcement penalties...

... K20 K22 Excessive risk-taking, negligence and wrongdoing by financial executives in the past decade contributed to the 2008 US financial crisis, which culminated in a deep global recession. As a response to this crisis, in 2010, congress passed the Dodd–Frank Wall Street Reform and Consumer...