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August 2009 Issue
Cover Story
Immune No More: The 2009 GC Compensation Survey
In good times or bad, GC compensation historically drifted upward. But 2008 was not a typical year-and it seems that top corporate counsel aren't immune to market forces
In The News
His Lips Are Unsealed
Michael DeKort can finally acknowledge that he filed a whistle-blower lawsuit almost three years ago against his former employer, Lockheed Martin Corporation
A Good Search Result
When Dana Wagner interviewed for a position as Google Inc.'s antitrust lawyer three years ago, he had one question: "Is this really a full-time job?" Wagner had done his homework-he'd googled "Google" and "antitrust," and found virtually nothing. "Do you have enough to keep me occupied, or are there other areas of the law I should be working at?" he pressed.
False Positive
Concern about fraud by companies who have received bailout money has led to the strengthening of a law covering practically everyone who gets federal funding. As a result of new amendments to the False Claims Act, those who do business with the government will have to be more scrupulous than ever before.
Inside Knowledge
Intellectual property groups are looking forward to having an ally in charge of the Patent and Trademark Office. On June 18 President Obama nominated David Kappos to head the PTO. Kappos, currently assistant general counsel for intellectual property law at International Business Machines Corporation, is also on the boards of the American Intellectual Property Law Association and the Intellectual Property Owners Association.
Small Is Beautiful
An innovative pro bono program assists microfinance institutions around the world.
Teaming Up
Legal leaders tackle diversity.
Friend Requests
FMC uses a social networking Web site to find new outside counsel.
Looking for a Sure Thing
In-house lawyers tell a DuPont conference that they value predictability the most.
On The Job
Profile: Reinventing Himself
Moving from D.C. to New York is a big change, but Frank Jimenez, the new vice president and general counsel of ITT Corporation, is ready.
What's German for "Data Security"?
Business starts with trust, which is why, when PETCO.com opened for business in 2001 to sell pet supplies to consumers, it made some reassuring promises. "At PETCO.com, protecting your information is our number one priority, and your personal information is strictly shielded from unauthorized access," the Web site said. It also said, "Entering your credit card number via our secure server is completely safe. The server encrypts all of your information; no one except you can access it."
Diversions
Dream Jobs: Born to Wynn
Kim Sinatra, Senior Vice President and General Counsel, Wynn Resorts Limited
Books: Lucky Strikes
Ask most people what they think of when they picture a Texan, and they'll probably say a cowboy. In truth, the characteristics popularly attributed to Texans owe more to another Lone Star archetype: the oilman.
In The Law
Global In-House
Barclays pushes firms to embrace flexi-billing, and to second partners to corporate clients; Deutsche Bank rolls out online tendering system, transfers work to cheaper offices.
