Goldman Sachs CEO Lloyd Blankfein has hired high-profile defender of private and corporate investors ? at least that dispose of shares yesterday ? not like that.
This step is a little sign of a serious, but if I have some shares of Goldman, I want the company led by someone smart enough to cover its own interests.
Sure, hiring can foresee a formal accusation, but it could also just be a sound risk management. In fact, Peter Henning, a law professor who writes for DealBook, show that private lawyers may even have been required by the rules of legal ethics.
And this is not a costly step for a man like Blankfein. One of the bosses on Wall Street hired a lawyer who is similar to what we in the mass of sweaty hire a dog-walker. This is a simple and relatively inexpensive way to keep clutter out of someone's home.
There's a message here for the rest of the Street: Do not be shy lawyer. With a flurry of layoffs at banks and brokers this year, some people will find themselves with a conflict of interest between them and the soon-to-be former employer ? or if you prefer a technical language: ". Throwing under the bus" Companies can be quite generous heart by leaving the park, and even signing bonuses and severance payments they may be more inclined to sweeten the deal for the employees with their own legal muscle.
Source: http://business.nvparentnetwork.com/risk-management/lawyer-up-savvy-risk-management.html
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