By Greg Andrews | March 21, 2024
Chief Legal Officer Ava Harter is leaving Whirlpool, and receiving $2.9 million in severance, in the wake of the company's decision to make her job a non-executive position.
By Maria Dinzeo | March 21, 2024
Cineworld's former leadership team agreed to depart in return for $35 million.
By Greg Andrews | March 21, 2024
Edward Nekritz, who is in the warehousing business, placed 11th on last year's list of highest-paid legal chiefs, surrounded by legal chiefs in far flashier fields such as tech, media and finance.
By Trudy Knockless | March 20, 2024
One challenge for legal departments is that it is hard to demonstrate the value of something not happening—a threatened lawsuit not being filed or a regulatory fine not being assessed.
By Maria Dinzeo | March 20, 2024
The IT giant has brought aboard Matt Fawcett, who has deep software industry experience and formerly was legal chief at both NetApp and JDS Uniphase.
By Trudy Knockless | March 20, 2024
"The person who is put into that role should be given the comp that the role dictates, not the comp that the person had in the paralegal role," said former Microsoft Assistant General Counsel Lucy Bassli, now a principal at InnoLaw Group.
By Trudy Knockless | March 19, 2024
"The mandatory discounting and the remodels are going to drastically cut into what's left of their profits to the point that they will not be able to stay in business," said Robert Zarco, who represents the North American Association of Subway Franchisees.
By Chris O'Malley | March 19, 2024
"I think there is a point that they become so large that they encourage executives to take the deal, regardless of whether it is in the best interests of the shareholders," said Cindy Schipani, a professor of business law at the University of Michigan.
By Maria Dinzeo | March 18, 2024
The industrial supply giant had to ante up a $3.3 million in cash and stock to offset what Nancy Berardinelli-Krantz forfeited when she resigned from the power management company Eaton.
By Trudy Knockless | March 18, 2024
Kathryn Ruemmler and other top executives benefited in 2022 from the granting of millions of dollars in so-called shareholder value-creation awards. But last year, as the company retreated from an unsuccessful push into providing consumer loans for the masses, it awarded no SVC grants.
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In Memoriam: Richard "Dick" K. DeScherer (1944-2024) We mourn the loss of our friend and former partner and Co-Chairman, Richard "Dick" K. DeScherer. Dick was a member of Willkie Farr & Gallagher LLP for more than 24 years. He was the consummate business lawyer, wonderful colleague and true friend. He joined the Bloomberg organization in 2012, a client for whom he had served as their principal legal advisor since their inception, and later was appointed as a member of their board. Dick's knowledge and experience were unparalleled, as evidenced by appointment to leadership and board positions at numerous well-respected organizations. He was deeply involved in civic and community engagements through his work with the S.L.E. (Lupus) Foundation, Lupus Research Institute, United Hospital Fund of New York, Lincoln Center for the Performing Arts, National Dance institute, and Baryshnikov Dance Foundation, among others. He received an LL.M. in Taxation from New York University in 1970, a J.D. from Georgetown University Law Center in 1969, and a B.A. from the University of Virginia in 1966. He was a member of the American Bar Association, the New York State Bar Association and the Association of the Bar of the City of New York. We offer our sincerest condolences to his family, including his wife Jennie, son Christopher and wife Amanda, daughter Kate, and grandchildren Emmett, Serena, George, Emily and Madeline. We will remember Dick with the utmost respect, admiration and affection. His loss will be felt by his many friends and colleagues at Willkie, and by all those whose lives he touched.
Congratulations to FLB Law's Newest Partner Matthias J. Sportini
Welcome Judge Joseph Quinn (Ret.) The Honorable Joseph P. Quinn, J.S.C., retired New Jersey Superior Court Judge, served for 23 years in the court s Civil, Chancery, and Family Divisions, where he was a strong proponent of mediation and alternate dispute resolution. As the head of Ansell.Law s mediation practice, Judge Quinn provides a valuable resource to parties seeking a final and efficient resolution of their disputes. ANSELL GRIMM & AARON, PC 732-922-1000 https://ansell.law/