Word: counseling
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Dates: during 1990-1999
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Then there's the case of Browning-Ferris. Last August two top executives at the Houston waste-disposal concern sold more than $2 million worth of company stock. General counsel Howard Hoover and chief financial officer R. John Stanton Jr. dumped half of their holdings at about 27 a share. The trades attracted little attention or suspicion until Browning-Ferris surprised Wall Street with a gloomier-than-expected earnings forecast and its stock plunged 19%. While most shareholders got trashed, Stanton and Hoover avoided $468,000 in losses with their timely sales. Disclosure of the trades led to the resignation...
...were looking at [my] decisions thatwould affect Ropes & Gray's economicself-interest, they have not been favorable,"Steiner said. He said his hiring as theUniversity's first general counsel took businessaway from Ropes & Gray, and his expansion of thegeneral counsel's office to its current staff of11 attorneys had a similar effect...
...think that, per se, there is a problemwith a lawyer leaving a job as house counsel andgoing to work for an outside firm." said RichardL. Neumeier, chair of the ethics committee of theBoston Bar Association...
...general counsel, Steiner gained a reputationamong many Harvard officials as the person to callwhen trouble...
Rudenstine is said to be working intensively onfinding a new general counsel. He receivedhundreds of applications, and hopes to concludethe search by July 1.Crimson File PhotoDANIEL STEINER...