March 27, 2017

Ooh! Ahh! Corp Fin Lifestyles

In this 33-minute podcast, Brian Lane & Jim Moloney talk about their SEC days, including:

1. How did you wind up being a securities lawyer?
2. What was your career path within the SEC?
3. What is one of your fondest memories in Corp Fin?
4. What is one of the more strange things about working at the SEC?
5. What would you consider to be one of the bigger things that have changed at the SEC since you left?

This podcast is also posted as part of my “Big Legal Minds” podcast series. Remember that these podcasts are also available on iTunes or Google Play (use the “My Podcasts” app on your iPhone and search for “Big Legal Minds”; you can subscribe to the feed so that any new podcast automatically downloads…

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The Last Greedy Executive?

In case anyone out there is worried that we have seen the last of greedy executives, check out this recent US District Court-SDNY opinion by Judge Jed Rakoff. You cannot read this first paragraph of the case without taking an interest!

Why would the executives (and former principals) of a paddle-board division of a sports and recreation company cause the company to make a one-time $60,500 purchase of one million stickers that the executives themselves immediately attempted to repurchase from the company for approximately $4 million?

The answer is that they thereby hoped to stick the company with a $10 million “earnout” payment to the executives, thus netting themselves a cool $6 million. Thanks, however, to the age-old doctrine of good faith and fair dealing, and similar legal protections, in the end it is these executives who are stuck.

Transcript: “Pay Ratio – The Top Compensation Consultants Speak”

We have posted the transcript for our recent webcast: “Pay Ratio: The Top Compensation Consultants Speak.”

Broc Romanek