Aug

2

Regulation and the Second Law of Thermodynamics

Posted by: Edward A. Fallone | August 2, 2009 | 1 Comment

At first blush, one would not think that Barney Frank and Stephen Hawking would have anything in common.  The first is the Chairman of the House Financial Services Committee, and is currently conducting hearings on the regulatory reform of the financial markets.  The second is the noted University of Cambridge professor of theoretical physics and [...]

Jul

13

The Apprentice

Posted by: Edward A. Fallone | July 13, 2009 | 2 Comments

The National Law Journal recently reported that the law firm of Howrey & Simon has adopted an innovative training program for new associates.  Newly hired lawyers will serve a two year “apprenticeship” prior to being fully integrated into the law firm.  This program will reduce the number and the compensation of the law school graduates [...]

Jul

8

Grossman on Governance

Posted by: Michael M. O'Hear | July 8, 2009 | Leave a Comment

Nadelle Grossman has two new corporate law papers on SSRN.  The first, entitled “Turning a Short-Term Fling into a Long-Term Commitment: Board Duties in a New Era,” deals with the timely topic of corporate leaders making strategic decisions based on short-term profits without regard to long-term risk.  As a solution, she proposes changes in the legal [...]

Jun

5

MULS 2009 Works-In-Progress Workshop (June Session)

Posted by: Irene Calboli | June 5, 2009 | Leave a Comment

To open my month as faculty blogger, I would first like to thank my colleague Michael O’Hear, whose dedication to, and work for, the Marquette Faculty Blog since its creation last summer have been incredible.  This is very much one of the major reasons why this project has been so successful and brought so many wonderful [...]

Mar

13

Wisconsin Supreme Court Accepts Six New Cases, Including Issue of Inherent Authority of Wisconsin Appellate Courts to Grant a New Trial in the Interests of Justice

Posted by: Jessica E. Slavin | March 13, 2009 | Leave a Comment

On March 2, the Wisconsin Supreme Court accepted six new cases for review, five criminal cases and one civil case.
The first case, State v. Henley, 2008AP697, presents an interesting issue regarding the authority of the courts of appeal, or the supreme court, to grant a new trial to a criminal defendant in the interests of [...]

Dec

19

Frank Pasquale Blogging About “A Deep Rot at the Core of American Finance and Politics”

Posted by: Jessica E. Slavin | December 19, 2008 | 1 Comment

Over at Concurring Opinions, Frank Pasquale has written a post entitled “The Economics Was Fake But the Bonuses Were Real.”  If you find yourself wondering lately about whether and how we will “rebuild the trust necessary for a thriving economy” (Pasquale’s words), it’s worth reading.  He discusses, for instance, the recent and somewhat surprising statements [...]

Dec

10

ESOPS Likely to Suffer First in Tribune Bankruptcy

Posted by: Paul M. Secunda | December 10, 2008 | Leave a Comment

Chicago is NOT the place to be these days (of course people from Milwaukee already know that) — especially if you are a corrupt politician or a financially-stressed newspaper. On the newspaper side of things — Elizabeth Dale (Florida) writes to tell us that the ESOP angle of the The Tribune Company bankruptcy [...]

Nov

19

Unions, As Shareholders, Use Bailout to Push Executive Compenstion Reforms

Posted by: Paul M. Secunda | November 19, 2008 | 1 Comment

My labor and employment law colleague, Phoebe Williams, who also teaches business associations, brings to my attention the roles unions, as shareholders, are seeking to play in the current government bailout scheme.
According to the Risk and Governance Blog:
The Laborers’ International Union of North America and the International Brotherhood of Teamsters are filing new proposals [...]

Oct

20

Priorities for the Next President: Corporate Law

Posted by: Nadelle E. Grossman | October 20, 2008 | 1 Comment

One of the principal things a new administration is going to have to address in the area of corporate law is how to encourage business managers to properly assess the long-term risks facing their businesses, and to manage those risks so that their businesses are sustainable in the long-term.  The need for U.S. businesses, on [...]

Oct

17

Why Women Should Control Wall Street

Posted by: Andrea K. Schneider | October 17, 2008 | Leave a Comment

So last week when I received my TIAA-CREF statement (like many professors, I assume) you might have heard me scream from Milwaukee.  But now I have a better idea –- I should be running the market!  Tim Harford, a columnist for the Financial Times and author of The Logic of Life: The Rational Economics of an Irrational [...]

Oct

9

Priorities for the Next President: Securities Regulation

Posted by: Edward A. Fallone | October 9, 2008 | 1 Comment

The current crisis our nation faces on Wall Street and in the broader economy will be the primary focus of the next President. The crisis is complex, with many facets, and any solution will be equally complex. Issues such as the effectiveness of regulatory oversight versus deregulation, the transparency of specific types of [...]

Sep

25

British Reaction to Crash of 2008 and the Bonus Pool for Lehman Executives

Posted by: Paul M. Secunda | September 25, 2008 | Leave a Comment

The reaction is rightfully upset after reading news like this:
Up to 10,000 staff at the New York office of the bankrupt investment bank Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn (£1.4bn), Barclays Bank, which is buying the business, confirmed last night.
The revelation sparked fury among the [...]

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