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

Unionyes 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 that seek compensation reforms at companies that participate in the U.S. Treasury Department’s bailout program.

In the supporting statement for these 2009 resolutions, the labor funds argue that the pay restrictions in the Treasury’s Troubled Asset Relief Program (TARP) “fail to adequately address the serious shortcomings of many executive compensation plans.” Instead, the unions urge directors to adopt “more rigorous executive compensation reforms that we believe will significantly improve the pay-for-performance features of the Company’s plan and help restore investor confidence.”

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Appreciating Our Professors: Thomas O’Toole

It was over in the twinkling of an eye. The entire event took, at most, ten seconds, but in that incredibly brief time I learned that the study of law was the right thing for me. The time was mid-September, 1963. The place was the old Georgetown University Law Center at 5th and E Streets, N.W. The room was shaped like a bowling alley. One hundred and twenty-five part-time evening students were shoehorned into that room. At precisely 5:45 P.M., Professor Thomas O’Toole entered the room from the back. It was the only way in and out of the room in which Constitutional law was being taught. Professor O’Toole took one step, paused, and from the back of the room, spoke in a loud, clear voice, “Mr. Chase, why was the Court in Euclid concerned about the scope of the town’s zoning plan?” Before Mr. Chase could answer, the Professor took another step into the room, paused, and said, “Mr. Kossow, why did I ask that question ?”

A few seconds later, after I had choked on an answer that included the words “comprehensive plan,” the Professor walked to the front of the class and said, “Mr. Hubbard, do you agree with Mr. Kossow’s answer?”

Forty-five years later, I remember verbatim the incident. Professor O’Toole, in ten seconds, changed the direction of my life.

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Document Design for Lawyers

Well, Typography for Lawyers, anyway.  An interesting website with lots of information about typography (basic, intermediate, and advanced) and an appendix listing typography rules for various courts.  That appendix links to a good essay on the Seventh Circuit Court of Appeals website, “Requirements and Suggestions for Typography in Briefs and Other Papers.”

Why care about typography and document design?  Well, as the site points out, citing the example of the infamous Palm Beach County butterfly ballot, the consequences of poor design and typography go beyond the “aesthetic.”

Hat tip to the Legal Writing Prof Blog (hat tipping Ruth Anne Robbins, author of a fantastic article on typography and document design, also available on the Seventh Circuit website).

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