Finance

Education

Ph.D. Business Administration (with Honors) - New York University 2000

Selected Works

Articles

Fich, Eliezer M., Starks, Laura, and Yore, Adam, CEO deal-making activities and compensation. Journal of Financial Economics 114 (Dec 2014): 471–492.

Fich, Eliezer M., Tran, Anh, and Walkling, Ralph A., On The Importance of Golden Parachutes. Journal of Financial and Quantitative Analysis 48 (Dec 2013): 1717-1753.

Fich, Eliezer M., Cai, Jie, and Tran, Anh, Stock Option Grants to Target CEOs during Private Merger Negotiations. Journal of Financial Economics 101 (Aug 2011): 413-430.

Fich, Eliezer M., and Shivdasani, Anil, Financial Fraud, Director Reputation, and Shareholder Wealth. Journal of Financial Economics 86 (Nov 2007): 306-336..

Fich, Eliezer M., and Shivdasani, Anil, Are Busy Boards Effective Monitors?. Journal of Finance 61 (Apr 2006): 689-724.

Fich, Eliezer M., and Shivdasani, Anil, The Impact of Stock-Option Compensation for Outside Directors on Firm Value.. Journal of Business 78 (Nov 2005): 2229-2254.

Fich, Eliezer M., Are Some Outside Directors Better than Others?. Journal of Business 78 (Sep 2005): 1943-1971.

Awards

2012 Joseph Neubauer Research Scholar in Finance (Drexel University - LeBow College of Business)
2008-2011 Research Fellow (LeBow College of Business)
2008 Michael Jensen Best Paper Award (2nd Prize) for a Corporate Finance paper published in 2007 (Journal of Financial Economics)
2000 Harold W. MacDowell PhD. graduation award (New York University)

Media Mentions

Symantec’s CEO-Shuffling Board

via The Wall Street Journal

LeBow’s Eli Fich, PhD, associate professor of finance, spoke to the Wall Street Journal about Symantec’s board amid the criticism surrounding its firing of its CEO last week. Fich says the average age of its members is “substantially higher” than other tech companies.

The WSJ reports: “Symantec last week fired Chief Executive Steve Bennett, less than two years after ousting his predecessor, who had himself spent only about three years on the job. The stock fell about 12 percent, suggesting the market thinks shuffling CEOs again may not solve Symantec’s problems.”

Green Mountain demotes chairman, director for stock sales

via Reuters

Elizer Fich, Ph.D., associate professor of finance, was quoted in a Reuters article on Green Mountain Coffee’s demotion of its chairman and director of stock sales after a huge loss in the value of its stock led to scrutiny of its management team.

It definitely reflects poorly on the company’s corporate governance that they were allowed to pledge such a big portion of their stock on margin,” said Fich. The article was picked up by various outlets including MSNBC.com and CBNC.com.

Sunoco’s departing Elsenhans slated to get $37.4M

via The Philadelphia Business Journal

Eliezer M. Fich, associate professor of finance, is quoted in a Philadelphia Inquirer article about how Lynn L. Elsenhans, the former Sunoco Inc. chief executive, stands to bank $37.4 million for dramatically transforming the company, which is being sold.

College News

Symantec’s CEO-Shuffling Board

via The Wall Street Journal

LeBow’s Eli Fich, PhD, associate professor of finance, spoke to the Wall Street Journal about Symantec’s board amid the criticism surrounding its firing of its CEO last week. Fich says the average age of its members is “substantially higher” than other tech companies.

The WSJ reports: “Symantec last week fired Chief Executive Steve Bennett, less than two years after ousting his predecessor, who had himself spent only about three years on the job. The stock fell about 12 percent, suggesting the market thinks shuffling CEOs again may not solve Symantec’s problems.”

Green Mountain demotes chairman, director for stock sales

via Reuters

Elizer Fich, Ph.D., associate professor of finance, was quoted in a Reuters article on Green Mountain Coffee’s demotion of its chairman and director of stock sales after a huge loss in the value of its stock led to scrutiny of its management team.

It definitely reflects poorly on the company’s corporate governance that they were allowed to pledge such a big portion of their stock on margin,” said Fich. The article was picked up by various outlets including MSNBC.com and CBNC.com.

Sunoco’s departing Elsenhans slated to get $37.4M

via The Philadelphia Business Journal

Eliezer M. Fich, associate professor of finance, is quoted in a Philadelphia Inquirer article about how Lynn L. Elsenhans, the former Sunoco Inc. chief executive, stands to bank $37.4 million for dramatically transforming the company, which is being sold.