Kevin J. Murphy is the E. Morgan Stanley Chair in Business Administration at the USC Marshall School of Business, where he is the Chairman of the Department of Finance and Business Economics. In addition, he is Professor of Business and Law in the USC Law School and Professor of Economics in the USC Economics Department. He is a nationally known expert on executive compensation, and is the author of more than forty articles, cases, or book chapters relating to compensation and incentives in organizations. Results from his research on executive compensation have appeared in the popular, business and professional press. Prior to joining USC in 1995, he was on the faculty at the Harvard Business School (1991-94) and the University of Rochester's Simon School of Business (1984-91). His research interests—focused primarily on compensation, incentives, and organizations—span finance, economics, accounting, human resource management, and organizational behavior. He is the former chairman of the Academic Research Committee of WorldAtWork (formerly the American Compensation Association) and is an associate editor of the Journal of Financial Economics, the Journal of Accounting and Economics, Managerial and Decision Economics, and the Journal of Corporate Finance.