“What brought Lewis to this decision is the complex interplay of leadership, governance, and accountability.”

Contact James Post, 617-353-4162, jepost@bu.edu

Contact James Post, 617-353-4162, jepost@bu.edu

Contact James Post, 617-353-4162, jepost@bu.edu

Contact James Post, 617-353-4162, jepost@bu.edu

Under pressure since admitting paying out milions in bonuses after receiving billions in federal bailout money, insurance giant AIG says it will reconfigure its board to include six new independent directors.  School of Management Professor James Post, an authority on corporate governance and business ethics, says the AIG effort is not a surprise because “the current governance failed.” 

Contact James Post, 617-353-4162, jepost@bu.edu

School of Management Professor James Post, an authority on corporate governance and business ethics, in a BU Today Q&A discusses the impact of the furor over the AIG bonuses and how it could impact both the short-term recovery process and the long-term future of executive compensation in the financial services industry.

Contact James Post, 617-353-4162, jepost@bu.edu

School of Management finance professor Mark Williams writes in Forbes about potential negligence by Bank of America during its Merrill Lynch acquisition.

“Regardless of the outcome of investigations into breaches of fiduciary duty, the real loss is that BoA only six months ago was a strong and valuable banking franchise.  If it had not quickly jumped into the ML deal, they would have been well positioned to be a dominant player in today’s banking sector.

“Instead, Bank of American continues to fight for its survival and there is a real chance that it may even need to be nationalized.  That would be a dire day for banking, for America and, unfortunately, for BoA shareholders.”

Contact Mark T. Williams, 617-358-2789, williams@bu.edu

School of Management Professor Mark Williams, an expert on risk management and former Federal Reserve Bank examiner who teaches in the school’s Finance Department.

 School of Management Professor James Post, an expert on corporate governance and business ethics. He teaches a course called “Corporate Governance, Accountability, and Ethics.” He is the author of “Business and Society: Corporate Strategy, Public Policy, Ethics” (McGraw-Hill).

School of Management Professor Zvi Bodie, a widely recognized expert on pension finance, social security reform. 

School of Management Professor Scott Stewart, an investment management expert and former Fidelity funds manager.

School of Law Professor Cornelius Hurley, director of the school’s Morin Center for Banking and Financial Law. He is former chief counsel to the Fed Board of Governors.

School of Law Professor Tamar Frankel, an authority on securities law, corporate governance, and legal ethics. She is the author of “Trust and Honesty: America’s Business Culture at a Crossroad” (Oxford U. Press) and “Securitization” (2nd ed. 2006).

School of Law Professor Charles Whitehead, a securities law expert. He spent 20 years as an in-house counsel in international securities and banking.