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Securities and Exchange Commission Chairman Harvey L. Pitt
called for stock option reforms during the first Brodsky Family
Northwestern JD/MBA Lecture earlier this month at the School
of Law. Stock options too often do not work as they should,
he said. "If managers can reap profits from their options
while shareholders are losing some or all of their equity stake,
the options create conflicting, not aligned interests."
Pitt covered a number of topics in the address, which was sponsored
jointly by the School of Law and the J.L. Kellogg School of
Management with the support of the Brodsky Family Northwestern
JD/MBA Fund. (Photo by Jim Ziv)
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