Michael C. Jensen, 84, Who Helped Reshape Modern Capitalism, Dies

Michael C. Jensen, 84, Who Helped Reshape Modern Capitalism, Dies

He heralded stock options and golden parachutes as a professor at Harvard Business School, influencing a generation of Wall Street executives.
Elon Musk Has a Giant Charity. Its Money Stays Close to Home.

Elon Musk Has a Giant Charity. Its Money Stays Close to Home.

After making billions in tax-deductible donations to his philanthropy, the owner of Tesla and SpaceX gave away far less than required in some years — and what he did give often supported his own interests.
A Pre-I.P.O. Gift to Company Executives: ‘11th-Hour Options Discounting’

A Pre-I.P.O. Gift to Company Executives: ‘11th-Hour Options Discounting’

A new research paper finds that companies price stock options at steep discounts just before going public and take steps to obscure them.