Archive for the 'News at Law' Category

AT&T shareholders demand answers – David Saleh Rauf – POLITICO.com

Some AT&T shareholders want more than just dollars and cents from the board of directors in the aftermath of the company’s aborted takeover of T-Mobile: They want to know how company money is being spent to influence politics. … The divide over political disclosure at AT&T is nothing new — shareholder groups have been pressuring the company on the issue since 2004. … This year, however, AT&T investors are planning to put the measure up for vote again … as the company is coming off a publicly bruising and politically expensive battle over its failed T-Mobile deal.
 
“AT&T’s recent complete disaster in the Deutsche Telekom deal … that’s exactly the kind of thing that will make the board and managers and shareholders think long and hard about disclosure of political activity,” said John Coates, a corporate governance expert and professor at Harvard Law School.

AT&T shareholders demand answers – David Saleh Rauf – POLITICO.com.

Stock market and corporations disagree on shareholder votes

Companies dislike the idea of giving investors more say over who runs for board seats. Among their arguments: It could shift power to shareholders, such as unions, which may have goals at odds with maximizing value. The stock market doesn’t agree, according to economists Bo Becker, Daniel Bergstresser and Harvard Law School Professor Guhan Subramanian.

x – WSJ.com.

Conor Tochilin Elected President of Harvard Law Review | News | The Harvard Crimson

On Jan. 28, the Harvard Law Review elected Conor S. Tochilin [’13] as its 126th president. Tochilin, a second-year student at the Law School, is currently pursuing an M.B.A. at Harvard Business School in addition to a law degree. … “Because I have a lawand business background, I felt like it would be a fun management challenge in addition to immersing myself in the legal scholarship,” he said.

Tochilin ’06 Elected President of Harvard Law Review | News | The Harvard Crimson.

Harvard Law Students: Cortlan Wickliff

A video profile of HLS student Cortlan Wickliff ’13: Cortlan was just 19 when, in 2010, he became the youngest African-American man to earn a bioengineering degree at Rice University. There he worked on a number of major research projects, including ways to test the sensitivity of premature babies’ hearing, developing a heart- and respiration-rate monitor for infants and modifying pacemakers to better monitor vital signs. Cortlan’s interest in the medical field developed early. … Now in his second year at Harvard LawSchool, Cortlan plans to specialize in intellectual property.

Young Futurists 2012: Cortlan Wickliff | The Root.

Capital gains taxes (and thus Romney’s) lowest since WWII

Daniel Halperin: “Clearly [Mitt Romney] is making money on the low rate of capital gains,” Halperin said. “You could say a couple of things about that. First of all, the effective (tax) rate that is shown is much lower than his rate really is, because he has all kinds of income that doesn’t appear on the return – all of the deferred compensation he has and also the unrealized gains on his assets. … If the stock goes up or the property goes up in value, you don’t have to pay taxes on it until you sell it. If you have the kind of money he has, you never sell it. And when you die, that gain disappears.”

Issues 2012: Capital gains taxes lowest since WWII – CBS 3 Springfield – WSHM.

Lawrence Lessig on Obama’s Role in Congressional Reform

An opinion piece by HLS Professor Lawrence Lessig: … [Congress], the core of our democracy, is politically bankrupt. And it was therefore appropriate, indeed, essential, that the president make its reform the catalyst for any real “change.” If this indeed was to be “change you could believe in,” changing Congress had to be part of the plan. … Yet three years into this administration, we have yet to see the plan. In Obama’s first year as president, reform of Congress was nowhere on his agenda.

The tyranny of tiny minds and big money – Salon.com.