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8 Feb 2023, 5:39 am
It is semiotic in the sense that it appears to invest ideas with a corporeality and driving force once reserved to popular politics (captured in an address delivered by a different American president in 19th century here). [read post]
7 Feb 2023, 2:13 pm
In In re McDonald’s Corp. [read post]
7 Feb 2023, 10:17 am
The important decision came after McDonald’s shareholders sued the company’s former head of human resources, alleging that the officer breached his duty of oversight by “allowing a corporate culture to develop that condoned sexual harassment and misconduct. [read post]
7 Feb 2023, 7:40 am
McDonald’s is an expansion of Delaware law. [read post]
7 Feb 2023, 6:30 am
In re McDonald’s Corp. [read post]
7 Feb 2023, 6:30 am
In re McDonald’s Corp. [read post]
7 Feb 2023, 3:33 am
As I read it, in this Order, the SEC once again has sat down at the gaming console to play its new favorite game “Corporate Manager. [read post]
6 Feb 2023, 9:01 pm
Background Under Delaware corporate law, directors owe fiduciary duties of care and loyalty to the corporation that they serve.[2] Since the Caremark case, these duties have included an obligation for directors to exercise oversight by making a good faith effort to implement and monitor reasonable information and reporting systems and controls.[3] A director who (i) utterly fails to implement any reporting or information system or controls (a “prong 1” failure); or (ii)… [read post]
4 Feb 2023, 8:05 am
For purposes of this blog, a transitory substance is any solid or liquid substance, object, or item that is located in a place where it does not belong. [read post]
2 Feb 2023, 1:43 pm
Although McDonald's Corporation was incorporated in Delaware, its principal executive office is in Chicago and I assume that Mr. [read post]
1 Feb 2023, 12:15 am
Although McDonald's Corporation was incorporated in Delaware, its principal executive office is in Chicago and I assume that Mr. [read post]
Debevoise & Plimpton Discusses Delaware Chancery Decision Allowing Caremark Claim Against an Officer
30 Jan 2023, 9:01 pm
In a January 25, 2023 decision (In Re McDonald’s Corp. [read post]
27 Jan 2023, 3:30 am
This Debevoise memo summarizes the basis for the court’s decision: In a January 25, 2023 decision (In Re McDonald’s Corp. [read post]
26 Jan 2023, 12:49 pm
Apropos my post yesterday, Kevin LaCroix of the invaluable D&O Diary blog has weighed in on VC Travis Laster's opinion n In re McDonald's Corp. [read post]
26 Jan 2023, 11:29 am
In a shareholder claim against the former global head of HR at McDonald’s, the Delaware Chancery Court has held that liability for breach of the duty of oversight, which Delaware courts had previously extended only to corporate directors, can also extend to corporate officers, as well. [read post]
26 Jan 2023, 5:09 am
The Delaware Chancery Court denied a motion to dismiss claims against a former senior officer of McDonald's Defendant David Fairhurst served as Executive Vice President and Global Chief People Officer of McDonald’s Corporation (“McDonald’s” or the “Company”) from 2015 until... [read post]
25 Jan 2023, 2:44 pm
The Delaware Supreme Court has held that under Delaware law, corporate officers owe the same fiduciary duties as corporate directors, which logically includes a duty of oversight. [read post]
23 Jan 2023, 4:34 pm
To separate the entities there are different entities that can be used such as LLCS, C Corporations, S Corporations, and charitable foundations. [read post]
18 Jan 2023, 11:49 am
However, regardless of how or where your burn occurred, it’s very possible that another individual or corporation is responsible. [read post]
17 Jan 2023, 3:00 am
Here’s something John blogged on CompensationStandards.com last week: The messy story of McDonald’s Corporation’s decision to terminate its former CEO Stephen Easterbrook added another chapter yesterday, when the SEC announced that it had initiated settled enforcement proceedings against the former CEO and the company arising out of his departure. [read post]
