Dr. Michael C. Jensen is the Jesse Isidor Straus Professor of Business Administration, Emeritus, at Harvard Business School and a Senior Advisor at the Monitor Company. He is the author of numerous influential scientific papers, articles and books, including the new CEO Pay And What to Do About It: Restoring Integrity to Both Executive Compensation And Capital-market Relations.
Jensen co-founded the Journal of Financial Economics, one of the top three scientific journals in financial economics, and the Social Science Research Network. Among other accomplishments, he was named "Scholar of the Year" by the Eastern Finance Association in 1990. Jensen is also a Fellow of the European Corporate Governance Institute and a member of the Barbados Group, a worldwide collection of scholars devoted to developing the ontological foundations of performance.(29:40)