Tag:
general counsel
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Latest Headlines
Executive transitions can be tricky for boards
Boards are intimately involved when it comes time to transition CEOs, the most prepared boards have detailed plans in hand. But recent activity in the banking industry suggests that boards perhaps
Bank of America's general counsel faces criticism
Boards need to be sensitive to appearances when it comes to executive changes. The reasons may be justified and uncontroversial, but perceptions matter. And it is naïve to think that they will not be noticed.
That brings us to Bank of America's recent hiring of Gary Lynch, as chief legal offic
Goldman Sachs executives exercise old options
Many top Goldman Sachs (NYSE: GS ) executives were granted a lot of options before the financial crisis set in. Just recently, they took the opportunity to cash out.
According to the Financial Times , CEO Lloyd Blankfein exercised 90,681 stock options at a strike price of $82.875 and pro
A look at Goldman Sachs' co-general counsel Gregory Palm
If you are capable of looking at the big picture, you would see that the Goldman Sachs-SEC suit presented a lot of opportunity for the personalities involved. At Goldman Sachs (NYSE: GS ), co-general counsel Gregory Palm was a guy in a very hot seat, and he was ultimately the man who negotiated
Death threats and PR
Attorney Anastasia "Stasia" Kelly is no stranger to accounting ( accounting news) scandals. She was general counsel at MCI after the scandals there erupted. She joined AIG in 2006, after CEO Hank Greenberg was ousted but before the recent financial products scandal erupted.
In an interview
New SEC-Bank of America settlement to fly?
So what made the SEC think it could get a new and improved settlement through Judge Jed Rakoff? There are a host of upgrades. The corporate governance provisions are nice, as are the compensation guidelines, CEO and CEO certification requirements and all. In all there were seven remedial req
What a comeback for Brian Moynihan
He was the ultimate loyalist in many ways. He was parachuted in to do something about Bank of America's ( BAC ) investment banking operation. He was then essentially shoved aside in favor of John Thain, who was designated as the guy to run investment banking and trading after the Merrill Lynch d
The mysteries of the Bank of America, Merrill Lynch deal
The substance of Timothy Mayopoulos' testimony before the house panel was overshadowed somewhat by the disgust the Congressmen displayed for Brian Moynihan, who did not come off as credible and may have hurt his chances to run the bank. Mayopoulos was the general counsel who was fired so that Moyn
Moynihan's bar status questioned
The hits keep coming for Bank of America ( BAC ). The New York Post reports that Brian Moynihan was named general counsel on Dec. 10, 2008, "but was not technically allowed to offer crucial legal advice until more than a week later, when he re-activated his status with the Massachusetts Bar
Modest proposal on e-discovery issues
You are right to worry about your e-discovery obligations these days. They are critical for just about any company; you never know when you are going to sue or get sued. But compliance, when it comes
