;#Faculty News;# | Financial Times | 05 Jul 2010
Time for an honest discussion about pay
Re: Michael Jensen
We are where we are, struggling with unintended consequences, trapped in a pay system that generates some outrageous results. One of the chief popularisers of agency theory, Harvard Business School's Michael Jensen, now publicly despairs at what he sees as a "profound loss of morality" in the business of top pay.

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