Lawyers now serve as executives in 44% of corporations. Although endowed with gatekeeping responsibilities, executive …

We explore the critical question of how executives make strategic decisions. Utilizing a new survey of 262 CEO alumni … of Harvard Business School, we gather evidence on four aspects of each executive’s business strategy: its overall …

This paper studies the gender compensation gap among high-level executives in US corporations. We use the ExecuComp … data set that contains information on total compensation for the top five highest paid executives of a large group of US … firms over the period 1992-1997. About 2.5% of the executives in the sample are women. These women earn about 45% less than …

find that executives are severely miscalibrated, producing distributions that are too narrow: realized market returns are … within the executives' 80% confidence intervals only 36% of the time. We show that executives reduce the lower bound of the … of high uncertainty. We also find that executives who are miscalibrated about the stock market show similar …

, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of …

Corporate managers who own a majority of the common stock in their company or who represent another firm owning such an … interest appear to be less constrained than managers of diffusely held firms, yet their power to harm minority shareholders …. Finally, there is little evidence that new organizational mechanisms have evolved to constrain managers who own large blocks …