Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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Bart Friedman, a partner at Cahill Gordon & Reindel, writes: Following Enron and the other corporate scandals of this decade, a movement began, particularly among activist shareholders, in favor of splitting the positions of CEO and Chairman to protect the flow of information to the board against a potentially overbearing CEO, which was perceived to have been one of the root causes of these corporate failures. For most companies, the lead director role was originally created purely for compliance purposes and was defined narrowly. However, over time, the position has grown from encompassing a relatively simple set of responsibilities to a broader and more complicated role.
November 17, 2008 at 12:00 AM
1 minute read
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
Presented by BigVoodoo
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