Tag: Corporate
Whistleblower Alleges General Electric Shielding Losses: ‘Bigger Fraud Than Enron’
News
GE chief executive Lawrence Culp responded that the allegation is “market manipulation — pure and simple.”
‘Retaliatory Amendment’ of an LLC Operating Agreement
Insight
Author Kevin Brodehl discusses a recent opinion from the Supreme Court of New York that illustrates how the process of amending an LLC’s operating agreement can sometimes be used to gain the upper hand in a dispute between members.
Microsoft GC to Business Partners: If You Want to Work With Us, Offer Paid Family Leave
News
Microsoft announced a new policy Thursday, pledging it will ink contracts only with service providers who give their employees 12 weeks of paid family leave.
Barnes & Noble Fires Its CEO Without Severance Pay
News
USA Today reports that the move came on the advice of Barnes & Noble’s law firm, Paul, Weiss, Rifkind, Wharton & Garrison.
Median CEO Pay for the 100 Largest Companies Reaches Record $15.7 Million
News
The highest-paid CEO in this year’s study is Broadcom’s Hock Tan, with a 2017 compensation package valued at $103.2 million, The Washington Post reports.
Wynn Resorts Settles Lawsuit for $2.4B Over Forced Redemption of Shares
News
The legal fight between the companies dates back to 2012, when Wynn Resorts pushed out Universal’s founder Kazuo Okada after finding the Japanese tycoon made improper payments to overseas gambling regulators, reports the AP.
Ex-Regal Execs to Draw $30 Million Total in Severance Pay
News
Ex-general counsel Peter Brandow will receive a $1.04 million payment and an $1.1 million bonus, for an ultimate total payout of $4.7 million, reports Knox News.
Bankrupt Toys R Us Can Pay Executives Millions of Dollars in Bonuses, Judge Rules
News
Attorneys for the company argued in court papers that the bonuses would help encourage executives to focus on driving up sales as the holidays approach, reports The Washington Post.
Download: Complimentary Copy of NACD’s New Culture Report
Insight
The National Association of Corporate Directors (NACD) has published report titled “Culture as a Corporate Asset: Translate Values into Value,” the topic of this year’s NACD Blue Ribbon Commission Report.
3 Ways to Transition Your Committee Effectively
Insight
The National Association of Corporate Directors has published a guide to leading practices for key committee succession planning and new-director onboarding.
Case Study – An Inside Look at PayPal’s ELM Implementation
Insight
During the 2017 CLOC Annual Legal Operations Institute in Las Vegas, Onit and PayPal presented a session titled, “Next Generation Enterprise Legal Management (ELM): People. Process. Automation.”
Marissa Mayer’s $23-Million Severance From Yahoo May Look Obscene. But It’s Even Worse.
News
Former CEO Marissa Mayer’s golden parachute may end up being more than triple the announced $23 million that she is due from Yahoo in its acquisition by Verizon, according to an article in The New York Times.
‘Overpaid’ CEOs a Risk for Investors, Study Finds
News
Among the chief executive officers it labeled as “overpaid” was Discovery Communications Inc. CEO David Zaslav, who received $32.4 million in 2015. During the study period, Discovery shares fell 12 percent.
Latham Advises Onex and Baring Asia on Thomson Reuters Acquisition
News
Onex Corporation and Baring Private Equity Asia have announced their affiliated private equity funds have agreed to acquire the Intellectual Property & Science business (IP&S) from Thomson Reuters, for $3.55 billion.
