On October 19, 2023, The Economist, a leading weekly newspaper, published an article about the role of luck in career success. The article highlighted a recent paper written by Atif Ellahie, Associate Professor at the School of Accounting, with co-authors Martina Andreani and Lakshmanan Shivakumar. In their paper, Professor Ellahie and his co-authors examine the nonrecurring effects of the US Tax Cuts and Jobs Act of 2017 on the remeasurement of deferred taxes. They find that CEOs of firms that had tax windfall gains and were weakly scrutinized by investors rewarded their CEOs for these “good luck” gains but firms with tax windfall losses or “bad luck” did not penalize their CEOs by paying them less. This evidence adds to the ongoing debate about whether CEOs should be rewarded for performance that is out of their control (i.e., pay for luck).