Hewlett-Packard Co. didn’t run afoul of corporate governance rules when it appointed directors who are acquainted with its chief executive officer and board chairman, attorney Martin Lipton said in a memo.
The financial system is in a slow state of recovery, and a pickup in takeovers will require more confidence in the U.S. economy, according to Evercore Partners Inc. Chairman Roger Altman and M&A lawyer Martin Lipton .
Leonard M. Rosen, a founder of the Wachtell, Lipton, Rosen & Katz law firm who helped avert a New York City bankruptcy in 1975 and created a restructuring practice that would guide the U.S. through the 2008 mortgage crisis, has died. He was 83.
Corporate directors, who for years often dismissed activist investors as quick-profit seeking gadflys, are starting to listen when opinionated shareholders like Carl Icahn, Nelson Peltz and Mason Morfit come calling.
David Einhorn, the occasionally outspoken hedge-fund manager at Greenlight Capital, has faced public vilification for taking on Apple Inc.’s board. Investors and securities regulators should instead be thanking him for upholding shareholders’ rights.