Out for my usual luncheon stroll around town in today’s picture perfect weather, I was attracted to a noisy gathering, surrounded by flashing blue police lights, at the intersection of State and Congress Streets, in the heart of Boston’s downtown … Continue reading
Stephen Honig
Let us say you are a company that wants to make a profit, but wants to consider not only the interests of the shareholders, returning some profit to them, but also the interests of other groups you characterize as “stakeholders”: … Continue reading
In the prior post, we tracked broadly the treatment of American corporations as economic institutions driven by increases in shareholder value. Boards of directors and CEOs are now being held to building shareholder wealth as their mission. This second post … Continue reading
The ongoing saga at Market Basket focuses clearly the following question: what is the appropriate role of an American corporation in the modern age? While the shareholders battle and squabble for control and power, various constituencies affected significantly by Market … Continue reading
The Economist, that esteemed publication which is attached to a research and consulting business called the “Economist Intelligence Unit,” annually lists in order the best and worst cities of size in which to live. The results are somewhat predictable — … Continue reading
Although the artwork surrounding this blog site segues from the image of a court-house to a baseball motif, reflecting my intent to moderate the law-related content of the site with occasional forays into baseball commentary (an admittedly mindless but none-the-less … Continue reading
On July 24 I posted about a lawsuit which emphasizes the risks of companies raising capital through finders unregistered with FINRA under Federal securities laws. It must be noted that the much-discussed SEC no-action letter of earlier this year provided some … Continue reading
Just a few thoughts on what the recent couple of months has brought us on the lawyering front: First, the focus on cyber security has, if anything, intensified. Between the news articles recounting hacks of businesses and governments and the proliferation of … Continue reading
Recently, much has been published (including an article by me appearing in In-House) about the possible loosening of SEC restriction by not requiring finders in M&A situations to be SEC-registered. As I have noted, this possible SEC relief is limited; … Continue reading
At the National Association of Corporate Directors-New England breakfast on Tuesday, one guest had the temerity to suggest to the Director of SEC’s Boston Office, and to Secretary of the Commonwealth Bill Galvin (who controls the State’s Securities Division), … Continue reading