About
- Everett D. Reese Chair of Banking and Monetary Economics
- Chairman, Scientific Council, Swiss Finance Institute (2019-2006)
- Chairman, New York Federal Reserve Bank/GARP Global Risk Forum (2011, 2013, 2016, 2019)
Voting History
Question A: The typical chief executive officer of a publicly traded corporation in the U.S. is paid more than his or her marginal contribution to the firm's value.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
---|---|---|---|
Did Not Answer | |||
|
Question B: Mandating that U.S. publicly listed corporations must allow shareholders to cast a non-binding vote on executive compensation was a good idea.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
---|---|---|---|
Did Not Answer | |||
|
Question A: Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
---|---|---|---|
Comment: Shareholder wealth maximization can make both workers and communities better off. Neither workers nor communities benefit from failing firms
|
Question B: Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers and community members – with negligible impacts on shareholder value.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
---|---|---|---|
|
Question C: Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
---|---|---|---|
Comment: I am not convinced that the mechanisms proposed so far would work.
|
Question A: A mandate for public companies to provide climate-related disclosures (such as their greenhouse gas emissions and carbon footprint) would provide financially material information that enables investors to make better decisions.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
---|---|---|---|
Comment: It seems unlikely for most firms.
|
Question B: A mandate for public companies to provide climate-related disclosures would provide material information that enables investors to make better decisions with regards to non-financial objectives (such as aiding portfolio choice based on ESG principles).
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
---|---|---|---|
Comment: It could, but not necessarily would.
|
Question C: A mandate for public companies to provide climate-related disclosures would induce them to reduce their climate impact substantially.
Vote | Confidence | Median Survey Vote | Median Survey Confidence |
---|---|---|---|
|