GIG ‘EM, Longhorn: A&M System GC Runs the Ball in Aggies’ Move Out of Big 12
In September 2011 when Ray Bonilla became general counsel of The Texas A&M University System, the Aggies had already decided to leave the Big 12 Conference for the Southeastern Conference. Since then, one of Bonilla’s major roles has been negotiating the financial terms of the withdrawal from the Big 12 by Texas A&M University.
What SEC Policy Can Mean for In-Housers
Consider the curious case of Jay Lapine. Between 2003 and 2009, the onetime general counsel of McKesson HBOC Inc. successfully fought off two criminal indictments for financial reporting fraud. Then he settled civil charges with the Securities and Exchange Commission, agreeing to pay a $60,000 penalty and to not practice before the commission or act as an officer or director of a public company for five years. Sounds like a bitter pill to swallow.
