Wayne Guay provides expert testimony on executive compensation and incentives, employee stock option valuation, insider trading, corporate governance, firm valuation, accounting, financial statement analysis, and damages.
Testimony in complex executive compensation and securities litigation
Professor Guay has been retained in multiple high-profile litigation matters and has testified at trial, at deposition, and in arbitration. He has testified in U.S. state and federal courts, including the Delaware Court of Chancery and before regulatory agencies. Professor Guay has been retained as an expert in an international court.
In Kurt M. Roth v. Sotera Health Company, a stock vesting and executive compensation matter in the Delaware Court of Chancery, the Vice Chancellor cited Professor Guay’s report and testimony multiple times in her judgment in favor of the defense.
Professor Guay analyzed executive compensation and incentives issues for an appraisal litigation in a going private transaction. He testified on executive compensation and trading in JDS Uniphase Corporation Securities Litigation, a securities class action involving claimed violations of Rule 10b-5, Section 11, and insider trading regulations.
Recognized scholarship and academic impact
Professor Guay conducts research and consults to numerous companies on executive compensation and incentives, including benchmarking, valuation of employee stock options, insider trading (including use of Rule 10b5-1 plans), and the design of executive compensation contracts.
His areas of expertise also include corporate governance, financial reporting and the quality and role of financial transparency in governance and contracting, the corporate information environment, firm valuation, and financial statement analysis.
Professor Guay coedits the Journal of Accounting and Economics and has served on the editorial boards of several other journals, including the Journal of Accounting Research and the Accounting Review. His many scholarly articles have been published in numerous peer-reviewed journals and have won several best paper awards.
At the Wharton School, Professor Guay has received multiple awards for excellence in teaching at the undergraduate, M.B.A., and Ph.D. levels.