centrality has a positive e↵ect on directors' compensation, providing evidence of rent sharing. …

Are the professional networks of corporate directors valuable? More connected directors may have better information and … more influence, which can increase firm value. However, these directors may also be busy or spread value …, we use the unexpected deaths of directors as a shock to the director networks of interlocked directors. By studying the …

Corporate directors earn abnormal returns when they buy their own company's stock as insiders. Directors also … outperform when they buy stocks with an interlock connection, where a co-board member is an insider. Directors do not … interlock connection. Our findings are similar for trades that are made by directors before corporate events, and for director …