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Corporate Governance and the Problem of Executive Compensation
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Social Ties Bind CEO, Directors at Victoria's Secret Parent

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For decades, Leslie Wexner has run Victoria's Secret and his retail empire with a close-knit group of directors. But amid scrutiny of the board's ties to the 81-year-old billionaire, the company is preparing to bring in some fresh blood. L Brands Inc. has retained a search firm to look for three new board candidates, according to people familiar with the matter...

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