For those of us who are unhappy or worse about the outcome of the 2024 presidential election, fearing (among other things) that we are about to enter a modern incarnation of the dark ages, I respectfully suggest that the time
Lighting a Candle
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Law and Order: SEC
You may have noticed that the SEC has been very quiet on the rulemaking front in recent weeks. It comes as no surprise, as action on a number of items on the SEC’s Regulatory Flexibility Agenda had been moved from
In Voluntary Disclosure, the Fundamental Things Apply
For many years, I have urged companies to consider going beyond the bare minimum disclosures required by SEC rules – in appropriate circumstances, of course. In my experience, providing more disclosure than what is specified in the rules can generate
Gun-Jumping Lives!
One of the things I learned as young securities lawyer was that securities offerings can be made only by prospectus. Accordingly, one of the first things we did whenever we embarked on an IPO was to send a memo to
THE WEEK THAT WAS: THE FEDERAL COURTS PUMMEL THE SEC (AMONG OTHERS)
The week of June 24, 2024 may be remembered as one of the worst in recent memory for the SEC, which – along with the “administrative state” generally – was beaten up by some very significant decisions handed down by
Nothing Succeeds Like Excess: Musings on Executive Compensation
Once upon a time, few if any investors seriously challenged executive pay. Executive compensation was, as always, a hot topic, but in the days before say-on-pay votes, it wasn’t easy to effectively object to excessive pay packages. Moreover, as one
REST IN PIECES: THE (UNSURPRISING AND NOT ENTIRELY UNWELCOME) DEMISE OF ESG
I’ll start by making a few things clear: I support a clean environment, stopping or slowing climate change, and many other good things. I also believe that corporations should (and many do) consider constituencies other than shareholders and seek to do
Caveat Flyer: The IRS Is Cracking Down on Personal Use of Corporate Jets
Travel on corporate jets is alluring. I’ve had the pleasure, and it really is a pleasure. No TSA, nobody squishing you on both sides. No worry about checked bags not getting there, and so on. It’s no wonder that people love it so much.
My Favorite Books of 2023
Once again, it’s time for the annual list of my favorite books of the year gone by. As usual, the list consists of books that I read last year, not necessarily books that were published last year.
With one exception, none
SEC: Are You Listening?
I have often said that the SEC is an outstanding agency – for example, see here. I still believe that, although my belief has been tested in the last couple of years by the “regulatory rampage” in which the SEC