HLS News July 2006

• 

  Bebchuk weighs in on reforming executive pay

  The following op-ed by Professor Lucian Bebchuk, Investors must have power, not just figures on pay, was published in The Financial Times on July 28, 2006: The US Securities and Exchange Commission's vote this week to expand disclosure requirements for executive pay is a major step forward.
• 

  Op-ed by Professor Dershowitz: Arithmetic of Pain

  The following op-ed by Professor Alan Dershowitz, Arithmetic of Pain, was published in The Wall Street Journal on July 19, 2006: There is no democracy in the world that should tolerate missiles being fired at its cities without taking every reasonable step to stop the attacks. The big question raised by Israel's military actions in Lebanon is what is "reasonable."
• 

  Professor Scott forecasts the end of American dominance in capital markets

  The following op-ed, co-written by Professor Hal Scott, The End of American dominance in capital markets, was published in The Financial Times on July 19, 2006: Is a ticker-taped Trojan Horse soon to be planted on European shores, filled with an army of US regulators, Sarbanes-Oxley accountants and overzealous plaintiff lawyers?
• 

  Howell Jackson weighs in on entitlement spending

  The following op-ed by Professor Howell Jackson, Big Liability, was published in The New Republic Online. Jackson argues that the first test for Hank Paulson, the new Treasury secretary, will be a little-noticed government accounting dispute that could soon dwarf the Enron scandal.
• 

  David Kennedy on the UN's new role

  The following op-ed by Professor David Kennedy, Recasting UN's Role, was published in The Boston Globe on July 8, 2006: Today's most significant global challenges, whether humanitarian or military, are being addressed by diverse ad hoc coalitions. This new multilateralism will require more from the United Nations, making the selection of the next secretary general more important than at any time in the organization's history.
• 

  Bebchuk vs. CA enables shareholder voting on poison pill bylaws

  The Delaware Chancery Court issued a decision in the litigation initiated by Professor Lucian Bebchuk against CA Inc. The decision forced CA to withdraw its plan to exclude Bebchuk's poison pill proposal from the corporate ballot and opens the door to shareholder voting on such proposals in other companies.