Reynolds Holding is a Breakingviews editor who also writes from New York about the law. Before joining Breakingviews, he was a national editorial producer for the Law & Justice Unit at ABC News, a senior writer for Time magazine and the executive editor of Legal Affairs, the first general interest magazine about the law. He spent more than a decade as an investigative reporter and columnist for The San Francisco Chronicle, where he was named a Pulitzer Prize finalist for explanatory writing. Before becoming a journalist, he practiced corporate law at the New York firm of Debevoise & Plimpton. He graduated from Harvard College and Duke University School of Law.
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A judge says David Murdock duped shareholders, independent directors, lawyers and bankers when he took the produce vendor private two years ago for $1.6 bln. The deceit will cost him $150 mln. It’s also a sad reminder that even carefully vetted deals can be rotten at the core.
Uncle Sam is delaying the transfer of control over domain names to an international watchdog. Waiting makes sense. Soccer-style power-grabs and graft could infect cyberspace unless the as-yet-unidentified replacement for the non-profit ICANN is representative and accountable.
BakerHostetler may join DLA Piper and others in offering salaried attorneys equity stakes. What looks like a promotion for the lower ranks, though, is often just a way to pad capital and payouts at their expense. As defunct Dewey has shown, greed at the top can be dangerous.
- BNY Mellon gifts nepotism cops low-hanging fruit
- Wall Street accountability undercut by SEC greed
- Mylan flaunts masterful M&A jujitsu
- Happy Birthday an apt swan song for U.S. copyright
- Donnelley proves an old dog can learn new tricks
- UK following in Uncle Sam's punishment missteps
- StanChart hired gun Promontory shoots self in foot