Lucian Bebchuk, professor of law, economics and finance and director of the program on corporate governance at Harvard Law School, discusses the bill passed by the House of Representatives on Friday, 
mandating that federal regulators draw up rules for compensation structures in the financial sector, for the Financial Times. Bebchuk argues that such pay regulations, which authorities around the world are considering, will meet much resistance from financial institutions. Despite the possible resistance, Bebchuk argues that the case in their favor is pertinent.
The article builds on Bebchuk’s testimony before the financial services committee of the U.S. Congress and his white paper, co-authored with Holger Spamann, on Regulating Bankers’ Pay.