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Profiles in Power
The 20 most influential general counsel in America
The National Law Journal
April 01, 2009
Brackett Denniston61, General Electric Co.
As the leader of a 1,300-attorney legal department, Brackett Denniston has focused on globalizing his work force to reflect the international expansion of General Electric Co. (GE). At the same time, he has worked to ensure that operations in emerging markets reflect a respect for human rights and adherence to the rule of law. Since joining GE in 1996, Denniston has steadily scaled the corporate ladder to reach the posts of senior vice president and general counsel. His leadership during the financial crisis and the shifting regulatory landscape has enabled GE to avoid seeking bailout money from the Troubled Assets Relief Program. He has publicly advocated bringing more legal work in-house, arguing that it gives him more control over quality and efficiency. In addition, he has established a tracking system to ensure that outside counsel appoint diverse attorneys to work on GE's key matters. Active in the community, Denniston is a trustee and secretary of Kenyon College, chairman and trustee of the New England Legal Foundation and a member of the board of the American Arbitration Association.
Ivan Fong47, Cardinal Health Inc.
Nominated by President Barack Obama to serve as general counsel of the Department of Homeland Security, Ivan Fong arrived at Cardinal Health Inc. three years ago to find a decentralized legal department that was facing at least two dozen major lawsuits. As chief legal officer and secretary, he established regular department meetings and a pro bono program, implemented an electronic document and matter-management system and developed an innovative "career road map" that gave attorneys title parity with their business counterparts. Fong is credited with clearing the docket of cases against the $87 billion global manufacturer and distributor of medical and surgical supplies, and reorganizing and re-energizing the legal department. A former partner at Covington & Burling and a former deputy associate attorney general, he also saved at least $5 million in both outside and in-house costs by implementing tighter billing guidelines and an e-billing system and by creating a preferred provider network.
James R. Jenkins63, Deere & Co.
John Deere tractors were not quite what Congress had in mind last fall when it passed the Troubled Assets Relief Program -- a package of laws geared toward stabilizing banking institutions amid financial crisis. But Deere & Co. senior vice president and general counsel James R. Jenkins did some creative thinking and quickly realized that the legislation could benefit businesses outside the traditional banking sector. With the assistance of attorneys at New York-based Shearman & Sterling, Jenkins, who has headed Deere & Co.'s legal department since 2000, tapped into the Federal Deposit Insurance Corp.'s new Temporary Liquidity Guarantee Program, allowing the farm equipment manufacturer's financing arm to sell $2 billion in bonds in December. Those bonds were backed by the Federal Deposit Insurance Corp. at low interest rates. Now, that $2 billion can be loaned to John Deere customers to purchase equipment.
Michele Coleman Mayes59, Allstate Corp.
Upon her arrival at insurer Allstate Corp. in 2007, Michele Coleman Mayes wasted no time conducting a full assessment of one of the country's largest corporate legal teams, with nearly 1,300 employees. When Mayes joined Allstate as vice president and general counsel, she carried decades of legal experience, including stints at the U.S. Department of Justice, Burroughs Corp., Colgate-Palmolive Co. and Pitney Bowes Inc. One of her goals was to broaden the department's pro bono efforts. The resulting program sponsors student debates at urban high schools. Mayes surveyed her department and outside counsel to assess their commitment to diversity. Keeping an eye on the bottom line, Mayes is a fan of alternative-fee arrangements when appropriate and has negotiated flat-fee pricing for much of the company's patent, government relations and insurance defense work. "We enter into multiyear rate agreements with our firms that include a variety of aggressive financial structures, blended rates, rate caps and rate locks," Mayes said.
Mark M. McGuire51, Eaton Corp.
Manufacturing engine components. Producing golf club grips. Developing green technologies. Diversified power management company Eaton Corp. does a bit of everything, and so does the company's executive vice president and general counsel, Mark McGuire, whose responsibilities span the globe and the legal spectrum. McGuire oversees 50 attorneys around the globe on issues ranging from trade regulation and litigation to corporate governance. Intellectual property is a top priority, since Eaton must protect patents and trade secrets covering green technology such as hybrid electricity and hydraulics for automobiles. Before joining Eaton in 2005, McGuire spent 12 years as in-house counsel at International Paper Co.
Barry Nagler52, Hasbro Inc.
Those who miss the days when they could waste hours playing Scrabble-knockoff Scrabulous online with their Facebook friends can blame Barry Nagler. Nagler, senior vice president and general counsel at toy maker Hasbro Inc. since 2000, led the legal charge against Scrabulous. In a move that garnered national attention, the online game was pulled off the popular social networking site last summer after Hasbro, maker of Scrabble, filed a lawsuit claiming copyright infringement. Protecting Hasbro's intellectual property is just one of Nagler's many duties at Hasbro, which sells toys and games ranging from Monopoly to the Easy-Bake Oven. Nagler is expanding Hasbro's brands globally and throughout the entertainment world -- where his legal team negotiated with filmmakers to bring Transformers and G.I. Joe to the big screen, and with video game and technology companies to feature Hasbro brands. In addition, Nagler launched a team of attorneys who monitor and influence the many new toy safety regulations around the world.
Roderick "Rick" Palmore57, General Mills Inc.
In just one year on the job after 12 years as general counsel at Sara Lee Corp., Roderick "Rick" Palmore has made big moves at General Mills Inc. as executive vice president, general counsel and chief compliance and risk management officer. He is about to inform all outside counsel working for the company to propose alternative-fee arrangements in order to reduce legal costs. "We're looking at better ways of aligning our interests," he said. Having worked for half of his career at law firms, Palmore calls himself the firms' "worst nightmare." "I know how the game should be played," he said, adding that he demands responsiveness, diversity, talent and cost savings from outside counsel. Diversity is something Palmore has emphasized throughout his career, having helped launch the "Call to Action" initiative four years ago to improve representation and mobility of minorities and women within the law firms providing services to major corporations.
Carol Ann Petren56, Cigna Corp.
Carol Ann Petren has played nearly every major legal role during her 36-year law career. She has spent time as a federal prosecutor, a law firm attorney and in-house counsel at several major corporations, including MCI Communications Corp. and Sears, Roebuck & Co. Her experience has come in handy in her current role as executive vice president and general counsel at insurer Cigna Corp., where she handles litigation matters, regulatory compliance, corporate governance compliance and public policy issues, among other responsibilities. Her time as a prosecutor taught her to be a tough negotiator, while her law firm stint provided insight into what clients need. Petren puts all of that to use overseeing Cigna's approximately 240-member legal department, a job she has held for three years. Cigna, like many other companies, is trying to rein in legal expenses. Petren has implemented a prioritization program in which resources are directed to the most important legal areas.
James G. Potter51, Del Monte Foods Co.
James G. Potter has made most of his own breaks in life while simultaneously demonstrating a passion for helping others. Potter, senior vice president, general counsel and secretary of Del Monte Foods Co., grew up an orphan in Muncie, Ind., but graduated at the top of his high school class. He went on to the University of Chicago and Harvard Law School. At Del Monte, he has been a proponent of alternative-fee arrangements. He also was one of 12 general counsel working with the Project for Attorney Retention at the University of California Hastings College of the Law to devise a list of best practices for law firms and in-house counsel to promote diversity and work-life balance. Potter serves as chairman of the steering committee of the California Minority Counsel Program.
Thomas L. Sager58, DuPont
Thomas L. Sager started his career with E.I. du Pont de Nemours and Co. 32 years ago, working his way up from an attorney in the labor and securities group to his appointment in 2008 as senior vice president and general counsel. Focused on cost savings, Sager is a big proponent of outsourcing document review to offshore firms and temporary workers. Outside firms willing to agree to alternative-fee arrangements "can realize bonus in the millions depending upon the size of the recovery or risk to the company," he said. Sager is so well known for his efforts to promote diversity that the Minority Corporate Counsel Association named an award after him. He chairs the association, which advocates hiring, retaining and promoting minority attorneys in corporate law departments and the law firms that serve them. In 2001, he received the Spirit of Excellence Award from the American Bar Association Commission on Racial and Ethnic Diversity in the Profession. In addition, Sager steered the company's pro bono efforts towards minority scholarships and in-house lawyer representation of indigent clients.
Amy W. Schulman48, Pfizer Inc.
Amy W. Schulman has a lot to command as the senior vice president and general counsel of pharmaceutical giant Pfizer Inc. -- not the least of which is the company's $68 billion takeover bid for drug maker Wyeth. Among other aspects of the pending deal, Schulman has found herself negotiating with the banks involved. Although she's been at the helm of Pfizer's legal division for less than a year, Schulman has made it her mission to "rewrite" the relationship between law firms and their clients. She has drastically pared back the number of firms Pfizer relies on and has largely done away with the billable hour. The company's outside counsel operate on flat fees and incentives. Pfizer is not Schulman's first high-profile gig. She was previously a go-to litigator at DLA Piper with a huge book of business. In addition to her work with Pfizer, Schulman is involved with a number of nonprofit groups, including the Brooklyn Academy of Music and Equal Justice Works.
Bradford L. Smith50, Microsoft Corp.
General counsel of Microsoft Corp. since 2002, Bradford L. "Brad" Smith has put to good use the company's technological advantages. Overseeing lawyers in 44 countries, Smith keeps in close touch with them through the use of You Tube-style video announcements and videotaped quarterly meetings. With so many employees in other countries, Smith has worked hard to strengthen the company's ties with governments around the world by investing in local economies and by meeting with officials there. In addition, he has worked to bring down patent costs, which are 31 percent below benchmarks at the company. Smith, who also holds the titles of senior vice president and corporate secretary of Microsoft, has put much of his energy into promoting diversity and pro bono work. He created a program last year in which outside law firms receive a 2 percent bonus for achieving diversity goals. In addition, Microsoft is the only company with a full-time diversity coordinator for its legal department. Last year, Smith worked with 35 law firms -- and actress Angelina Jolie -- to create a pro bono program geared toward children.
Mark Stachiw47, MetroPCS Communications Inc.
During his 2 1/2 years as general counsel of MetroPCS Communications Inc., Mark Stachiw hasn't slowed down. He spearheaded the $1.4 billion acquisition of wireless communications spectrum, allowing his Texas-based company to double its market by entering New York, Boston and Philadelphia. As vice president, general counsel and secretary of the company, Stachiw oversaw the largest nonfinancial initial public offering of 2007 (more than $1 billion in securities) and negotiated and closed on $1.5 billion in bridge loans to finance the spectrum acquisition, despite being sued by a competitor just days before the deal was set. Stachiw also led the settlement of that lawsuit, filed by competitor Leap Wireless International Inc. Within four days in 2009, Stachiw successfully sold $550 million of senior notes into the market. With 18 years' experience in the telecommunications industry, he is known for a deal-making ability that has helped make MetroPCS the sixth largest flat-rate wireless provider in the United States, with 5.4 million customers.
Deirdre Stanley44, Thomson Reuters Corp.
Deirdre Stanley spent the past two years playing a leading role in the transformation of The Thomson Corp. into Thomson Reuters Corp., the world's largest professional information company. Stanley, who joined Thomson in 2002, directed several legal teams involved in the company's sale of NETg Inc., a provider of electronic learning products, for $285 million; the sale of Thomas Learning Centers Inc. and Nelson Canada for $7.8 billion; and the sale of Prometric Inc., a provider of computer-based testing and assessment services, for $435 million. As executive vice president and general counsel, she led the legal team in Thomson's $17.2 billion acquisition of Reuters Group Ltd., overseeing multiple law firms in the United States and Europe. Stanley also is a member of the Thomson Reuters executive committee, which includes the eight most senior executives of the company. Outside of Thomson Reuters, Stanley champions such causes as the Girls Scout Council of Greater New York and the National Kidney Foundation.
Laura Stein47, Clorox Co.
Laura Stein is as busy out of the office as she is at work. Stein, senior vice president and general counsel of The Clorox Co., oversees the company's worldwide legal affairs and its women's employee resource group; co-sponsors the Clorox risk-management and social responsibility programs; is vice chair and executive committee member of the board of the Association of Corporate Counsel; chairs the American Bar Association Asia Law Initiative Council; and co-chairs the corporate pro bono advisory board and the general counsel committee of the ABA Section of Business Law. In 2003, Stein was named by the Harvard Law Bulletin as one of 50 alumnae who "have used their law degrees to take them to extraordinary places."
Henry "Hank" Udow51, Cadbury PLC
Henry "Hank" Udow started with Cadbury PLC in 1987 as an assistant counsel. Ascending to his current position as chief legal officer and group secretary, Udow last year oversaw a complex transaction that separated Cadbury's confectionery and beverage businesses into two independent companies. The deal required him to oversee switching the beverage business from Cadbury's global enterprise based in the United Kingdom to a new publicly traded U.S. company, Dr Pepper Snapple Group Inc. As part of the spinoff, Dr Pepper Snapple Group engaged in a $4.4 billion financing -- no small feat in an extremely challenging credit market and under a tight deadline. In addition to leading the deal, Udow bore overall responsibility for ensuring that the legal, compliance and governance processes were ready at the time of the spinoff. In that capacity, he oversaw outside and in-house legal teams in closing what was analogous to an initial public offering of a company with a $7 billion market capitalization. Udow had to juggle a myriad of issues related to corporate oversight, contracts, employee benefits, taxes, internal controls, compliance and regulatory issues.
William A. Von Hoene Jr. 55, Exelon Corp.
As executive vice president and general counsel of one of the nation's largest public utilities, William A. Von Hoene Jr. made a career-long commitment to promoting diversity while a partner at Chicago-based Jenner & Block, where he co-chaired the diversity committee. One result of his work was the annual diversity dinner that, among other prominent lawyers and judges, honored Barack Obama long before he became president. Von Hoene joined Exelon in 2002 as vice president and deputy general counsel for litigation. He was named general counsel in February 2006. His colleagues credit him with countless hours of pro bono representation of the indigent, with special emphasis on housing discrimination. He received the 2007 Association of Corporate Counsel Pro Bono Award, which recognizes the most outstanding corporate pro bono program in the country, and the 2008 Vanguard Award from the Chicago Bar Association, recognizing outstanding contributions in making the legal profession more accessible and reflective of the community at large.
Robert Waterman 55, HCA Inc.
Robert Waterman, senior vice president and general counsel at HCA Inc., cut the Nashville, Tenn.-based company's outside legal fees by 23.3 percent -- some $42 million -- between 2006 and 2008. Those savings came despite the high regulation and litigious climate that surround the health care industry. At the same time, HCA, which owns and operates 166 hospitals and 107 freestanding surgery centers, was operating under a corporate integrity agreement with the government and went through what was the largest leveraged buyout in history. Waterman achieved his goals through a combination of bonus structures for the in-house legal team, aggressive risk management and innovative fixed-fee arrangements. Since 2007, he has tied 60 percent of every lawyer's bonus to tough legal fee goals. Additionally, increased management oversight led to a drop in incidents and cases. Waterman put into place policies by which HCA settles cases early and relies on more contract attorneys.
Angela F. Williams 45, YMCA of the USA
With a lean, four-attorney in-house team, Angela F. Williams proves that a legal department doesn't have to be big to be mighty. Her team faces an array of legal work that might be expected at a Fortune 500 corporation. Despite the small size of her work force, Williams works with some heavy hitting law firms, including DLA Piper on intellectual property, Sidley Austin on tax and corporate and McDermott Will & Emery on nonprofit government affairs. She has negotiated sponsorships of various types with The Walt Disney Co., J.C. Penney Co. and the Robert Wood Johnson Foundation. Williams is an expert on Internal Revenue Service compliance for nonprofits. Her department represents all independent YMCAs on IRS matters. Protecting the YMCA's marks and brands is a top priority for Williams, who drafts cease-and-desist letters, monitors the brand position and keeps track of registrations with the U.S. Patent and Trademark Office. "No other organization owns a letter of the alphabet," Williams said.
Danette Wineberg 62, The Timberland Co.
Danette Wineberg enjoyed a long career as in-house counsel for companies such as Little Caesar Enterprises Inc. and Highland Superstores before going to Timberland in 1997. At Timberland, which is based in Stratham, N.H., Wineberg has initiated cost-cutting measures including electronic filing, which enables the company to better handle enormous volumes of work. Wineberg, who serves as vice president and general counsel, has also has pushed for flexible working arrangements such as attorney job share. She contributes to the community as clerk for the National Board of Trustees for City Year, a youth service nonprofit organization. Wineberg considers diversity when hiring outside counsel, but most important to her are "practical solutions, business savvy, responsiveness, experience and commitment to our values." Wineberg said she is embracing alternative-fee arrangements, such as "not-to-exceed" fees and "early-pay" discounts.
