November 8, 2004

QLCC Survey

In our “Qualified Legal Compliance Committees” Practice Area, we have posted a survey from Skadden Arps regarding QLCCs. The survey canvassed the disclosure of nearly 7,000 companies and found that 2% have established a QLCC (plus other factoids listed in the survey).

Pay Madness Even in Montana

This article from the Billings Gazette describes how employees at Blue Cross Blue Shield in Montana are ashamed to work there because the CEO gets paid so much.

This illustrates what is at the heart of executive compensation – it sets the tone for a company’s culture. If a CEO is receiving all types of lavish perks, how can anyone be surprised when rank and file employees make inappropriate decisions when a gray issue arises? For most of us, our behavior is principally driven by our environment – and in today’s society, the bling is king.

Six Degrees of Jack Nicholson

Don’t ask, but in a prior life I liked to tell people that Jack Nicholson was my uncle. Uncle Jack stories were a big hit. Here is one from the family album.