TheCorporateCounsel.net

To help you prepare for the wave of TLGP deals, tune in tomorrow for the webcast – “How to Issue FDIC-Guaranteed Debt under the TLGP” – featuring:

– Jeff Karpf, Partner, Cleary Gottlieb Steen & Hamilton
– Deanna Kirkpatrick, Partner, Davis Polk & Wardwell
– Mark Welshimer, Partner, Sullivan & Cromwell

If you’re not a member of TheCorporateCounsel.net, try a ’09 no-risk trial to access this webcast for free. If you are a member, please renew your membership today since all memberships are on a calendar-year basis.

Survey Results: CEO Succession Planning

We recently wrapped up our Quick Survey on CEO succession planning, an important and often overlooked area. Below are our results:

1. Our company:
– Has a written CEO succession plan in a formal document or policy – 21.4%
– Has a written CEO succession plan in the form of a board resolution or as part of the board minutes – 1.4%
– Has a CEO succession plan, but its not memorialized in writing – 42.8%
– Doesn’t have a CEO succession plan – 34.3%

2. Our company:
– Reviews and updates the CEO succession plan at least annually – 44.3%
– Reviews and updates the CEO succession plan on occasion – 21.4%
– Doesn’t reviews the CEO succession plan (but it does have one) – 1.4%
– Doesn’t have a CEO succession plan – 32.9%

Please take a moment to participate in our new “Quick Survey on Advance Notice Bylaws.”

“Food Fight”: National Lampoon Loses a Battle

Take a gander at yesterday’s “SEC News Digest” – National Lampoon’s stock has been suspended from trading due to lack of current information (and the CEO has been charged with paying folks to buy stock in the company to make it appear there is a market for it; here’s the SEC’s litigation release). This is the first time I ever recognized one of the companies whose stock has been suspended. As one member emailed me, surely there is some pun or (ahem) lampoon that can be skewered here.

What happened to National Lampoon? The first time I took a date to the movies was to see “Animal House.” A true classic. Now a review of their site revewals that their next movie will be “The Beach Party at the Threshold of Hell.” Actually, the trailer for that movie doesn’t look too bad…

Anyways, here is a poll to vote on your favorite quote from “Animal House”:

– Broc Romanek