Legal eagles earn a higher corporate pay perch
Compensation for S&P 500 general counsels is up almost 23 pct since 2010, a sharper rise than for CEOs and CFOs. It’s a sign that companies are choosing to handle more big deals, lawsuits and…
Tech crunched between clashing U.S.-EU privacy law
Facebook got dinged in Belgium for secretly tracking visitors, while Spokeo’s similarly nosy conduct will probably go unpunished in America. Yet in neither case could victims prove they were harmed….
Trader’s conviction vindicates juror cyber smarts
Prosecutors won the first U.S. trial for manipulating prices by placing and cancelling orders, known as spoofing. Algorithms did the actual transactions, making criminal intent tough to prove. Yet a…
Investors top courts as judges of banker conflicts
A jurist tossed claims BofA played both sides of Signet Jewelers’ bid for Zale, reversing himself after a higher tribunal said shareholder approval of a deal can override such charges. A crackdown on…
UK flunks Uncle Sam’s class-action lawsuit lessons
Suing en masse is now allowed in Britain so long as losers pay winners’ fees. That and other rules may limit the perceived excesses of U.S.-style group suits, but could also make worthy cases too…
Goldman thwacking marks revolving-door reckoning
The bank led by Lloyd Blankfein will pay $50 mln for not monitoring an employee’s too-cozy relationship with the NY Fed, his former employer. It’s a paltry fine, but Goldman admitted fault – and it…
Mets and America pull off a slick double play
As the country staggered under dud mortgages, the baseball team fell victim to Bernie Madoff. Infusions of money helped right Uncle Sam, but the Amazins took a far more frugal path. A World Series…
Dell’s tracking stock 2.0 boasts fixes, new bugs
The tech crash of 2000 exposed governance gaps and other risks of synthetic shares pegged to certain assets. The PC maker has patched some flaws in proposing to issue shadow VMware stock in its $60…
Dewey leaders may skate but law firms on thin ice
Jurors couldn’t decide whether the defunct legal shop’s bosses cheated lenders with dodgy accounting. Prosecutors blew it, but the case highlights the bloat, greed and intransigence at many big…
Chill on M&A lawsuits puts heat on Wall Street
A judge has poured cold water on HP’s attempt to settle claims over its $2.7 bln Aruba purchase, slamming the practice of buying peace with fees. But suing bankers over conflicts provides better…
VW tests U.S. enforcers’ fairness to foreign firms
The German carmaker skidded into a legal system that extracts bigger fines and more guilty pleas from overseas companies than American peers. Differences in the cases may explain the discrepancy. But…
Dealmakers meet match in Obama’s deal breakers
The president’s trustbusters are unbeaten challenging big mergers, including ones proposed by Comcast and Sysco. That puts the likes of Staples and Aetna on notice. Previous administrations filed…
StanChart hired gun Promontory shoots self in foot
New York regulators say the politically cozy firm whitewashed a probe of the bank and have suspended it from advising lenders. The penalty may curb conflicts and stings more than a mere fine. Maybe…
Prison break frees Columbia to make a difference
Divesting from private jailers may actually boost the Ivy League school’s influence over a bloated U.S. penal system. Investments that pay off if inmate populations drop rather than rise can prompt…
Supreme Court slices Wall Street some wedding cake
The landmark ruling approving gay marriage gives even banks reason to celebrate. Benefits for same-sex spouses will be far cheaper and easier to grant, enabling stronger competition with more…
Antitrust food fight messes up outlook for mergers
A U.S. court halted Sysco’s $3.5 bln US Foods purchase, saying the deal would probably harm national competition despite local rivals. A similar argument threatens Staples’ $6.3 bln bid for Office…
FIFA cover-up almost a dare for U.S. enforcers
In November, the Zurich-based World Cup organizer whitewashed an internal investigation, according to the former U.S. attorney who conducted it. Swiss authorities were alerted, but FIFA largely…
Mylan may have found cure for the common conflict
The drugmaker sued its former lawyers at Kirkland & Ellis for advising Teva on its $40 bln hostile bid to buy the company. The attorneys say Mylan agreed, but a court may finally rule such…
NY judge gives 1970s sitcom a Silicon Valley spin
A “Three’s Company” parody didn’t breach rights to the TV hit, despite similarities. Like rulings on Google Books and Aereo’s video streaming, the verdict reflects Big Apple legal thinking that ideas…
Silicon Valley’s noble goals hit home in Indiana
Apple, Google and other technology companies often fall short of promises to make the world a better place. Opposing discriminatory laws in the Hoosier State and elsewhere could make up for lost…
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Bogleheads Latest Posts
- Re: Former employer (small Maryland city) refusing to provide retirement statement February 6, 2023Perhaps you might simply explain the information you are looking for. You worked for the city from 1983 to 1999. When you separated, you received an estimate of your retirement benefits. You'd like to receive an updated copy, is that possible? Also, you may find the information you are looking for in the plan documents […]galawdawg
- Re: Vanguard dividends February 6, 2023This year my 1099 consolidated doesn't agree with my year end information on Vanguard's website. It's off by about $3,000 or so. I messaged Vanguard and asked about it, but no one has responded. I believe it might have to do with my transition to a brokerage account in 2022. My consolidated 1099 seems to […]johnz1001
- Re: opening a Roth IRA from abroad as an expat February 6, 2023Technically, if you’re doing the work while overseas, that income would still fall under the FEIE. If you entered on your 2555 that you were in the USA two weeks here, three weeks there, etc., you could possibly fly under the radar by appearing to have done the work while in the USA.plats
- Re: Green Card Retiree leaving US - tax fallout? February 6, 2023including the execrable form 8854 for the US's soviet-style exit tax, and from then on never file another US tax return, but instead breath the sweet, sweet fresh air of freedom from the IRS. Oh yes. Best words I’ve read here! I’ve been through the expatriation nightmare myself recently, after 30 years as an expat […]Vogatrice
- Re: I’m the nouveau riche February 6, 2023snack attack wrote: ↑Sun Feb 05, 2023 5:36 pm First world problem here, but I’m looking for feedback from new money folks. I don’t know how to be rich. I came up very blue collar, no frills, first generation educated. As a kid there were countless lessons on frugality, but investing was a foreign concept. […]bltn