financial-crisis

The Pew Charitable Trusts
11.9999

From the moment the baby-boom generation took its first steps in 1946, its members have had an enormous impact on the United States. They powered the suburbanization of America in the 1950s, youth rebellion in the 1960s and the “Me Decade” of the 1970s. And now as they approach retirement, their sheer numbers will continue to drive societal change.

The collapse of Bear Stearns and Lehman Brothers in 2008 has triggered debates on the role of executive compensations in inducing risk-taking behavior. The implication is far-reaching given that executive pay reforms have been proposed to prevent another financial crisis.