March 19, 2024 | Corporate Counsel
As Fraud Trial Opens, Tech Titan Who Wooed HP Cast as Accounting Alchemist, 'Startup Guy' Who Delegated Details"HP needed someone to blame. They had an $11 billion debacle on their hands. They were actually better at finding a scapegoat than at integrating a company," Reid Weingarten, lead attorney for Autonomy CEO Mike Lynch, told a jury Monday.
By Maria Dinzeo
6 minute read
March 18, 2024 | Corporate Counsel
Hefty Signing Bonus, Stock Award Juiced Grainger's CLO's First-Year CompensationThe 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 Maria Dinzeo
2 minute read
March 15, 2024 | Corporate Counsel
GE Legal Chief Michael Holston to Step Down When Industrial Giant Finishes Breakup in April"His steady, guiding hand has served all of us well against an immensely challenging global backdrop," CEO Lawrence Culp wrote on LinkedIn.
By Maria Dinzeo
3 minute read
March 14, 2024 | Corporate Counsel
Michael Lynch Was a Titan of British Tech. Then He Got Crosswise With HPLynch was CEO of the software firm Autonomy when HP bought it for $11 billion, a deal that's gone down as one of the biggest flops in M&A history. Prosecutors allege he duped the Silicon Valley giant into overpaying by inflating Autonomy's financial performance at a time the company was tanking.
By Maria Dinzeo
8 minute read
March 12, 2024 | Corporate Counsel
IBM's Soon-to-Depart General Counsel Saw Her Pay Spike 24% in 2023IBM's compensation committee praised Michelle Browdy's work advancing the company's AI business strategy as well as enhancing its "AI ethics posture."
By Maria Dinzeo
2 minute read
March 11, 2024 | Corporate Counsel
'Reinvigorated' California DOJ Gears Up to Bring First Criminal Antitrust Case in DecadesCalifornia Assistant Attorney General Paula Blizzard said she's made it her mission to capitalize on the broadness of the state's antitrust statute, the Cartwright Act, and bring cases.
By Maria Dinzeo
5 minute read
March 08, 2024 | Corporate Counsel
Fight or Fess Up? Starbucks, Uber GCs Chime In on How to Respond to Government Probes"I think that one of the hardest parts of being a general counsel is keeping the team together and making sure everybody understands that you sink or swim together," Starbucks legal chief Brad Lerman said.
By Maria Dinzeo
8 minute read
March 07, 2024 | Corporate Counsel
AG Garland Calls Prosecuting Execs 'Greatest Deterrent' to Corporate FraudSpeaking at a white-collar crime conference in San Francisco, Attorney General Merrick Garland also discussed the rising use of AI by cybercriminals and "the heightened level of threats and the hyperspeed of threats against everyone who works in public spaces."
By Maria Dinzeo
5 minute read
March 05, 2024 | Corporate Counsel
Pitney Bowes Legal Chief Retiring on Heels of Rancorous Proxy WarDeparting Chief Legal Officer Daniel Goldstein said Pitney Bowes is "an iconic company ... going through an important transformation."
By Maria Dinzeo
2 minute read
March 04, 2024 | The Recorder
Former Twitter Legal Chief, General Counsel and Other Executives Sue Elon Musk for Severance"Because Musk decided he didn't want to pay plaintiffs' severance benefits, he simply fired them without reason, then made up fake cause and appointed employees of his various companies to uphold his decision," says a complaint filed Monday by Twitter's former Chief Executive Officer Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Officer Vijaya Gadde, and General Counsel Sean Edgett.
By Maria Dinzeo
4 minute read