Tag Archives: General Counsel

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Avis GC Takes ‘Holistic View” of Legal Department

Avis GC Takes ‘Holistic View” of Legal Department

Article by Yin Wilczek, Bloomberg BNA; Video by RJ Jewell, Bloomberg BNA Avis Budget Group Inc. is developing new metrics that would measure the true value of its legal department, Executive Vice President and General Counsel Michael Tucker told Bloomberg BNA. Traditionally, companies assess their in-house attorneys in terms of whether they closed a transaction,

Pedestrians walk past the American International Group Inc. (AIG) headquarters office in New York, U.S., Photographer: Victor J. Blue/Bloomberg

AIG Names Lucy Fato General Counsel, Succeeding Peter Solmssen

By Noah Buhayar, Bloomberg News American International Group Inc. named Lucy Fato, a veteran of Marsh & McLennan Cos. and a current executive at global investigations firm Nardello & Co., its general counsel. Fato will take the post on Oct. 16 and succeed Peter Solmssen, who’s been general counsel since 2016 and is returning to

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Round Up: General Counsel Moves

Big moves happened this week in the world of general counsel. FedEx chose a new GC. So did Caterpillar, the construction equipment manufacturer. Disney’s highly-compensated ($11.1 million a year) GC will stay on for two more years and two medical companies appointed top legal officers. Here are some of this this week’s highlights:   • On

FedEx Corp. signage is displayed on a store window in Caracas, Venezuela, on Wednesday, June 21, 2017. Photographer: Carlos Becerra/Bloomberg

FedEx Promotes Longtime In-House Lawyer to Top Post

Mark R. Allen knows FedEx well. He started working there two years after earning his law degree from Memphis State University in 1980. Today, FedEx announced he will be taking the highest legal position in the company as executive vice president, general counsel and secretary on Oct. 1, 2017. The global shipping giant posted $60 billion in

Joseph Otterstetter of 3M

3M Lawyer On Cutting Over 250 Law Firms

Article by Yin Wilczek, Bloomberg BNA; Video by RJ Jewell, Bloomberg BNA General counsel support is crucial for corporate legal departments that are trying to decrease the number of law firms they work with, 3M Co.’s managing counsel said. The most important step is making sure the in-house team is “aligned, starting with the general

The Volkswagen AG (VW) logo. Photographer: Krisztian Bocsi/Bloomberg

Top Abercrombie Lawyer Sounds Off on VW, Saying CEO is Not the Client

By Yin Wilczek, Bloomberg BNA General counsel, in trying to keep their companies out of trouble, must heed one key point: they represent the corporation, not the CEO, Abercrombie & Fitch Co. General Counsel Robert Bostrom said. The general counsel’s client is not the executive team or the chief executive officer but the corporation, acting

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Spotify’s GC on Moving from Microsoft to the Music Streaming Service

When Horacio Gutierrez left Microsoft Corporation last year to lead the law department at Spotify, he placed a bet on the music streaming company’s future. The 52-year-old lawyer had spent 18 years working up the ranks of the technology giant, earning himself a promotion to General Counsel and Corporate Vice President just six months before

Lobby of Wells Fargo office at 150 E 42nd St, New York, NY. Photo by Josh Block

Independent Report Finds Wells Fargo Lawyers at Fault (Audio)

  Last week Big Law Business’s Gabe Friedman reported on Shearman & Sterling’s investigation into the Wells Fargo sales scandal. Earlier today, he discussed the story, which found that the bank’s legal department focused too much on cost-containment, and made the scandal worse. Gabe speaks on Bloomberg Radio’s “Bloomberg Law.”   https://assets.bwbx.io/av/users/iqjWHBFdfxIU/vVm8nbdJOAmc/v2.mp3   Subscribe to the

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PayPal’s Top Lawyer on How to ‘Earn a Seat at the Table’

Louise Pentland holds an expansive view on how a top in-house lawyer should contribute to the company. “As an in-house lawyer, the best you can get is when you’re integrated with the business team,” said PayPal’s Chief Business Affairs and Legal Officer. But that’s far from how Pentland said PayPal’s legal team operated before she joined

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