Boston University School of Law

David I. Walker

SSRN Author Page:


Harvard Law School, J.D. magna cum laude, 1998
Honors/activities: John M. Olin Prize
Research Fellow in Law and Economics
Undergraduate Teaching Assistant

Vanderbilt University, B.E., Chemical Engineering, summa cum laude, 1983
Honors: Dean’s Award for Outstanding Scholarship


Boston University School of Law
Associate Professor of Law (2002 to present)

Ropes & Gray
Boston, MA
Associate (2000-2002)

John M. Olin Center for Law, Economics and Business
Harvard Law School Research Fellow (1999-2000)

Judge Karen Nelson Moore
U.S. Court of Appeals for the Sixth Circuit
Law Clerk (1998-1999)

British Petroleum/Standard Oil Co.
Cleveland, Los Angeles, London
Various professional and managerial positions (1983-1995)

Scholarly Interests

Corporate Law, Taxation, Executive Compensation, Law and Economics


"A Tax Response to the Executive Pay Problem," 92 Boston University Law Review 325 (2013). 

"The Impact of Public Disclosure on Equity Dispositions by Corporate Managers," 112 Columbia Law Review Sidebar 101 (2012). 

"The Law and Economics of Executive Compensation: Theory and Evidence," in Research Handbook on the Economics of Corporation Law 232, C. Hill & B. McDonnell, eds., Edward Elgar (2012). 
Full text: SSRN  

"Who Bears the Cost of Excessive Executive Compensation (and Other Corporate Agency Costs)?" 57 Villanova Law Review 653 (2012). 

"Evolving Executive Equity Compensation and the Limits of Optimal Contracting," 64 Vanderbilt Law Review 611 (2011). 
Full text: Hein (BU)  Hein  SSRN  

"Executive Pay Lessons from Private Equity," in Symposium , The Role of Fiduciary Law and Trust in the Twenty-First Century: A Conference Inspired by the Work of Tamar Frankel, 91 Boston University Law Review 1209 (2011). 

"Suitable for Framing: Business Deductions in a Net Income Tax System," 52 William and Mary Law Review 2862 (2011). 
Full text: SSRN  

"The Challenge of Improving the Long-Term Focus of Executive Pay," 51 Boston College Law Review 435 (2010). 
Full text: SSRN  

"Book/Tax Conformity and Equity Compensation," with V. Fleischer, 62 Tax Law Review 399 (2009). 
Full text: Hein (BU)  Hein  SSRN  

"The Non-Option: Understanding the Dearth of Discounted Employee Stock Options," 89 Boston University Law Review 2355 (2009). 
Full text: Hein (BU)  Hein  SSRN  

"Financial Accounting and Corporate Behavior," 64 Washington & Lee Law Review 927 (2007). 
Full text: Hein (BU)  Hein  SSRN  

"Unpacking Backdating: Economic Analysis and Observations on the Stock Option Scandal," 87 Boston University Law Review 561 (2007). 
Full text: Hein (BU)  Hein  SSRN  

"The Manager's Share," 47 William and Mary Law Review 587 (2005). 
Full text: Hein (BU)  Hein  SSRN  

"Is Equity Compensation Tax Advantaged?" 84 Boston University Law Review 695 (2004). 
Full text: Hein (BU)  Hein  SSRN  

"The Social Insurance Crisis and the Problem of Collective Savings: A Commentary on Shaviro's 'Reckless Disregard’," in Symposium, on the State of Federal Income Taxation: Rates, Progressivity, and Budget Processes, 45 Boston College Law Review 1347 (2004). 
Full text: Hein (BU)  Hein  SSRN  

"Stock Options for Tax Exempt Organization Managers?" 100 Tax Notes 1581 (2003). 
Full text: SSRN  

"Managerial Power and Rent Extraction in the Design of Executive Compensation," with L. Bebchuk & J. Fried, 69 University of Chicago Law Review 751 (2002). 
Full text: Hein (BU)  Hein  SSRN  

"Tax Incentives Will Not Close Stock Option Accounting Gap," 96 Tax Notes 851 (2002). 

"The Overlooked Corporate Finance Problems of a Microsoft Breakup," with Lucian Bebchuk, 56 Business Lawyer 459 (2001). 
Full text: SSRN  

"Breaking Up is Hard to Do," with L. Bebchuk & J. Fried, Financial Times 13 (Oct. 4, 2000). 

"A Hard Division," with L. Bebchuk, Legal Times 31 (Nov. 20, 2000). 

"Rethinking Rights of First Refusal," 5 Stanford Journal of Law, Business and Finance 1 (1999). 
Full text: Hein (BU)  Hein  SSRN  


“Financial Accounting and Corporate Behavior,” Junior Tax Scholars’ Workshop, University of Colorado School of Law (June 16, 2006).

“The Manager’s Share,” Harvard Law School (Nov. 15, 2004) and Canadian Law and Economics Association Annual Meeting, Univ. of Toronto (Sept. 24, 2005).

“The Social Insurance Crisis and the Problem of Collective Savings,” The State of the Federal Income Tax Symposium, Boston College Law School (April 16, 2004).

“The Tax Implications of Deferred Equity Compensation,” American Law and Economics Association Annual Meeting, Univ. of Toronto (Sept. 20, 2003) and Georgetown University Law Center (Oct. 10, 2003).

“Reducing Director and Officer Liability Exposure through Improved Corporate Governance,” Fall Forum on Risk Management, Boston University School of Law Business Law Center (Nov. 19, 2002).


Boston University School of Law

Federal Income Tax: 2003 - 2006
Most recent student evaluation score (overall evaluation of instructor): 4.89/5.00

Corporations: 2004, 2005.
Most recent student evaluation score (overall evaluation of instructor): 4.84/5.00

Law and Economics (seminar): 2004, 2005
Executive Compensation (seminar): 2002

Boston University Summer Legal Institute in London

U.S. Corporate Law: 2005


Massachusetts Bar
Boston Bar Association Tax Section
American Law and Economics Association