President Obama last month announced the Treasury Department’s new set of guidelines restricting executive compensation at financial institutions that receive governmental money. Attorney Angela Marie Hubbell examines how the new guidelines mark the beginning of the president’s examination of the relationship between the corporate governance and compensation rules and current financial circumstances, and the indicators that additional changes to executive compensation are forthcoming.
Posts on ‘March 9th, 2009’
Tools on the Web to Let Twitter Sing
“So much from so little,” says attorney Robert J. Ambrogi of Twitter, the microblogging site. But Twitter’s simplicity can be limiting. As a result, a cottage industry is emerging with hundreds of third-party tools to help find and manage tweets. Ambrogi lists 20 that stand out.
Laid-Off Lawyers Find Themselves Adrift in a Crowd
The legal market is choked with highly educated former associates whose severance is running out, and who are often struggling with a profound feeling of failure. Larry Richard, a psychologist and Hildebrandt International consultant, says isolation can be a problem, and recommends making contact with other laid-off attorneys. But Scott Chait, who was let go from Wagner Davis in October, says, “I don’t particularly care to network with people who have been laid off,” because it “can be really unhealthy.”
Madoff Waives Indictment, Set to Plead Guilty
Due to appear in federal court Thursday, Bernard Madoff seems set to plead guilty in the multibillion-dollar Ponzi scheme that shocked the nation. If Madoff has pledged to cooperate with the government in a plea deal, it would signal that the government considers the investigation far from over and may be close to obtaining charges against others in the scheme. One issue still to be resolved: prosecutors’ allegation that Madoff’s lead defense lawyer has a conflict of interest in his representation of Madoff.
The Value of Humble Pie for Outside Counsel
According to a recent client satisfaction report, in-house counsel felt
neglected by their law firms in favor of more lucrative bank deals. And
now that such work has dried up, many companies may be less than
receptive to firms’ renewed advances. One consultant says that after
firms have “gone off with the bigger and bustier blonde, you’ve got to
expect the redhead to be a bit iffy when you come back with your tail
between your legs.” In-house counsel also complain of too much arrogance
and too little trust.