July 2018

On Thursday and Friday of last week, I had the honor of attending and presenting at the inaugural conference on Women’s Leadership in Academia at the University of Georgia School of Law.  The conference featured a wide variety of plenary and breakout/workshop sessions over the two days.  My dean and two other colleagues from UT Law also were presenters at the conference; an additional UT Law colleague attended but did not present.

The opening plenary panel featured four women talking about “Me Too and the Legal Academy.”  The panelists offered perspectives from journalism, criminal law, tort law, constitutional law, victim/survivor advocacy, classroom teaching, law school administration, campus Title IX adjudication, and personal experience.  Audience members actively participated in a dialogue with the panelists.  The keynote on the second day was delivered by the interim provost at UGA, Libby Morris, who offered information on women in leadership–data, anecdotes, and observations–and moderated a related audience Q&A.

The remainder of the program included various panels, presentations, and workshops.  Among them was a nifty combined PechaKucha/workshop offered by three of my UT Law colleagues on “Leadership Challenges and Solutions over the Course of a Career” and my breakout session entitled “Outside the Four…

This has been a banner week for embarrassing corporate manager stories.  In addition to the sudden resignation of Texas Instruments CEO Brian Crutcher for unspecified code-of-conduct violations (echoing the earlier, sudden firing of Rambus CEO, also for unspecified conduct violations) and Paramount’s firing of Amy Powell for racist commentary, Tesla’s Elon Musk ran into public relations trouble after a revelation that he donated to a Republican PAC, from which he cannily diverted attention by accusing one of the Thai cave diving rescuers of pedophilia.  Meanwhile, Papa John’s Founder and Chair John Schnatter – who previously was forced to resign as CEO after white nationalists were too enthusiastic about his condemnation of the NFL and protesting football players – was revealed to have used a racist slur on a conference call designed to prevent his racism from creating PR disasters.  That incident caused the Board to strip him of his chairperson title and remove his face from marketing materials, while the University of Louisville took his name off of its stadium.  Later, Forbes published an expose on the sexist and unprofessional culture at Papa John’s that he enabled – which incidentally confirms Ben Edwards’s…

This summer, I have met with a few of my pre-law advisees who will start their 1L years in a few weeks. 

While I have blogged on general advice for students before, I decide to memorialize some of my specific advice for 1Ls.

Of course, every student is different, and this advice may be amended a bit, depending on the student’s situation and goals. This advice, for example, assumes a desire to perform well academically. I encourage my co-bloggers to chime in through the comments or in separate posts. My co-blogger Josh Fershee (West Virginia) has already authored two 1L advice posts, which are worth consulting, here and here. It should go without saying that I did not follow all of my own advice, but I wish I had. 

  • Move into your house or apartment a few weeks early. Moving in early may not be possible for every student, but it is worth doing if you can. Getting settled before the work starts to pile up can help you avoid getting behind early.  
  • Live alone or with friends with similar schedules. I had some law school friends who lived with non-law students, usually people they knew from college who

…

Deal lawyers are not often framed as storytellers.  UNLV’s Lori Johnson has a new article in the St. John’s Law Review explaining why deal lawyers may also need to hone their ability to understand and present the essential “story” behind a  transaction or a client’s business.  She explains that getting clarity on the narrative behind the deal may improve overall outcomes:

This approach can enhance completeness and truthfulness in transactional documents.  As a result, lawyers create more holistic and ethical outcomes.  Relying on the narrative paradigm. . . narrative theory can improve a transactional lawyer’s approach to lawyering, relationships with clients, overall persuasiveness, and client outcomes.

Others have written about the gaps between the deals struck by clients and the documents and contracts memorializing these deals.  Although no approach will result in perfect contracts, a narrative-focused approach may help generate greater coherence in deal documents.

…

Had I not been taking pictures on the beach during a morning walk with dear college friends on the New England shoreline, I would not have seen the incoming call on my silenced cell phone–a call from a business law colleague from UT Law that I figured I ought to answer.  But the call was not, as I expected, a request for help with a research or teaching question.  Instead, this colleague was calling to inform me of an email message from our Dean letting us know that our junior business law colleague, Jonathan Rohr, had died the day before.  (I am linking here to a YouTube video featuring Jonathan, which will tell you much more about the man that he was than any CV or website.)

Jonathan came into my life almost two years ago when he interviewed with UT Law for a permanent, tenure track position after VAP-ing at his law alma mater, Cardozo.  From the start, Jonathan impressed me and others on the Appointments Committee with his intellect, his enthusiasm for the faculty task, and his intensity.  He survived the appointments tournament and came to work with us last summer.  Before his untimely death, he already…

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Several months ago, I posted about the Chancery decision finding Elon Musk to be a controlling shareholder of Tesla for the purposes of Corwin v. KKR Financial Holdings, 125 A.3d 304 (2015), despite the fact that he held only a 22% stake.  The decision took into account both Musk’s stock holdings and his other mechanisms of influence.

One of the reasons the decision stood out was because, while there is a long history in Delaware of considering both voting power and other factors to determine controlling shareholder status, after a certain point, you have to wonder whether the “stockholder” piece is doing any work, and whether instead the question should just be whether someone has effective control, either of the corporation generally or of a particular business decision.

Well, last week, we took a few steps more toward answering that question in Basho Technologies Holdco B, LLC et al v. Georgetown Basho Investors, LLC et al.  There, plaintiffs contended that a minority stockholder was a “controller” for purposes of owing fiduciary duties to the corporation.  Vice Chancellor Laster agreed, based on a holistic inquiry that took into account, among other things, the stockholder’s contractual rights via preferred…

The Huffington Post has a gripping article detailing alleged sexual harassment at HSBC.  The case has been covered before and featured allegations about a boss instructing a female subordinate to:

• Dress provocatively on the job
• “…have sex with male HSBC executives and clients at company-sponsored events”
• Specifically, “have sex with an unnamed senior executive at the bank’s Mexico unit”

In addition to:

• “…falsely t[elling] co-workers that Doe was having sex with clients when they traveled to bank functions outside the U.S.”
• “… attempt[ing] to pull down Doe’s blouse and expose her breasts in the presence of male HSBC employees.”

The new story on this HSBC case resonates because it also seems to suggest a link between sexual harassment and other compliance concerns:

Mike couldn’t shake the feeling that he was being retaliated against for elevating sexual harassment complaints—and that the retaliation also conveniently sidelined his questioning of compliance issues. Moving him into what was essentially a junior position limited his exposure to HSBC’s internal operations and contained his objections, at a time when pressure on the bank was intensifying.

HSBC has had other compliance problems in the past and only recently exited a deferred prosecution…