Word: lawyering
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Bernie Ebbers left no paper trail. He didn't like e-mail, preferring to give vague orders to subordinates, like telling his chief financial officer, Scott Sullivan, to "hit the numbers." According to Ebbers' trial lawyer, Reid Weingarten, there was no smoking gun, no hard evidence to implicate the former chief of WorldCom--a college dropout, Sunday-school teacher and small-town basketball coach--as the orchestrator of the largest accounting fraud in U.S. history. "You thought you could trust him," says Alex Bryant, an ex--WorldCom sales manager in Springfield, Mo. Soon after WorldCom bought MCI, Bryant recalls, Ebbers...
During a recent breakfast meeting between Howard Chao, the partner in charge of O'Melveny & Myers' Asia practice, and a Silicon Valley venture-capital tycoon shopping for a lawyer with expertise there, the conversation was less a sales pitch by Chao than a freewheeling exchange about corporate-finance trends and upcoming investment opportunities. The portfolio manager left the meeting enlightened about the Chinese business landscape, and Chao got a new client as well as a referral to a company in the VC's portfolio that might also need his counsel. Most people would call that rainmaking. Chao calls it "knowledge...
...NEXT: Lawyer for Hire: Knows China Well...
...hearings may help clean up baseball, but they have stained McGwire's legacy. His lawyer-crafted responses to the inquisition--"I'm not here to talk about the past," "I'm here to talk about the positive," "I don't know, I'm a retired player"--drew chuckles from the gallery. A Missouri lawmaker suggested stripping the name from the Mark McGwire Highway in St. Louis. "He's a tragic figure," says Vincent. "I feel sorry for McGwire; he was put in an impossible position. On the other hand, he did a stupid thing, and in this life, when...
During a recent meeting between Howard Chao, the partner in charge of O'Melveny & Myers' Asia practice, and a Silicon Valley venture-capital tycoon shopping for a lawyer with expertise there, the conversation was less a sales pitch by Chao than a freewheeling exchange about corporate-finance trends and upcoming investment opportunities. The portfolio manager left the meeting enlightened about the Chinese business landscape, and Chao got a new client as well as a referral to a company in the VC's portfolio that might also need his counsel. Most people would call that rainmaking. Chao calls it "knowledge arbitrage...