Las Vegas Sands Hired Time Inc GC and Other Moves (UPDATED)

Photographer: Xaume Olleros/Bloomberg

— That was quick: Less than a month after departing as Time Inc.’s executive vice president and general counsel, Lawrence A. Jacobs is working at Las Vegas Sands as the global general counsel.

In August, Time Inc, announced that Lauren Ezrol Klein, who had been the second most senior lawyer at the company, was replacing Jacobs. A news release at the time suggested he would stay at the company until Sept. 2 but his LinkedIn page states that he started at Las Vegas Sands in August.

Jacobs, who goes by Lon, started at Time Inc. in 2013 and worked on the spinoff of Time Inc., as a separate company from Time-Warner.

Before that he had spent 15 years at News Corp., including six years as general counsel. The Los Angeles Times reported that when he left the company in 2011, he was a confidant of owner Rupert Murdoch and had played an instrumental role in the acquisitions of the Wall Street Journal and the once dominant social networking site Myspace.

It’s not clear how he will fill his new role at Las Vegas Sands. In May, the company settled a wrongful termination suit with its former CEO in Macau who alleged he was fired after objecting to being asked to collect evidence on local government officials to exert leverage on them. And in April, it paid a $9 million settlement with the Securities and Exchange Commission over whether it had improper accounting controls in China.

He was not immediately available for comment.


— Mary Dent, former general counsel of SVB Financial Group, the holding company for Silicon Valley Bank, has been named CEO of Green Dot Bank.

Headquartered in Provo, Utah, the firm has $818 million in assets, according to American Banker, and is one of the country’s largest seller of prepaid debit and visa cards. In taking the position, she resigned from the Green Dot Corp.’s board of directors and will report to Green Dot Corp. CEO, Steven Streit.

Most recently, Dent was general counsel of Inskit, a San Francisco-based fintech start up that offered software for small businesses to make loans to consumers.

In an interview, she explained that after the financial crisis, a series of new rules and regulations have added a level of complexity to the financial regulatory landscape that enhances her skill and experience as a lawyer. For instance, part of her role as CEO will be overseeing new consumer products for the bank’s mostly low-income customers, Dent said.

“Designing a good product is partly about consumer experience, but you’ve also got to understand the regulatory landscape,” she said, adding “I think lawyers are some of the best problem solvers out there. We’re trained to see both sides and to think rigorously and analytically.”


— Businesswire announced via [wait for it] Businesswire that it has promoted Rob Schmitt from corporate legal counsel to its general counsel. He joined in 2008 and has helped the company with its international expansion, and it is now in 29 countries, according to the release.