Reality Enters Twilight Zone
Under pressure from inside and outside Merrill Lynch, John Thain, Merrill’s CEO, has decided to “voluntarily” forgo a bonus for 2008, according to the Wall Street Journal. It’s clear that he didn’t like it, and corporate boards are famous for making bonuses up to executives in other ways that the public never knows about — unless they hire a team of lawyers and accountants to scrutinize proxy and financial statements. It’s heartening, at least for now, to see that Mr. Thain has decided to suffer with the rest of us.
About Chris Parker
Chris Parker's practice focuses on the representation and counseling of companies in matters pertaining to the workplace and the protection of their intellectual property and trade secrets. In addition to serving as an advocate for clients, Mr. Parker is also trained as a mediator and frequently serves as a third-party neutral.
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About Jimmy Daniel
Jimmy Daniel provides counseling to businesses of all sizes related to the employment relationship. He assists in the drafting of employment agreements, policies, and handbooks, as well as provides guidance related to compliance with federal, state, and local legislation such as the Fair Labor Standards Act and the Family and Medical Leave Act.
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About Larry Bridgesmith
While serving in an Of Counsel relationship with the firm, Mr. Bridgesmith also serves as the Executive Director at the Institute for Conflict Resolution at Lipscomb University and as an officer and principal in Strategic Resolutions Group, LLC. In these roles, Mr. Bridgesmith brings over 30 years of legal experience in dispute resolution and innovative workplace strategies to clients, students and business entities alike.
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