John Coffee
John Coffee
John R. Coffeewas an American planter and state militia general in Tennessee. He commanded troops under General Andrew Jackson during the Creek Warsand during the Battle of New Orleans in the War of 1812...
board body bunch change closely directors incentive influence puts side strong
It's going to change the board from a prudential body and a restraining influence into a bunch of cheerleaders. It will give the board a strong incentive not to look too closely at the numbers. It puts directors on the same side as management.
act begins given gone jury moment run running skilled successful suspicious trains trial understand wrong
It's been a very successful Act I. This trial is being run by a skilled and experienced judge. Given what can go wrong in a trial, nothing has gone wrong. The trains are running on time. From a prosecution standpoint, you need the trains to run on time. The moment a jury begins to not understand things, they become suspicious and resentful.
act given gone successful wrong
It's Act 1, but I think it's been a very successful Act 1. Given what can go wrong in a trial, nothing has gone wrong so far.
anderson arthur congress pass problem saw simpler
The prosecutors saw the problem they were having in Arthur Anderson and so they got Congress to pass a much simpler statute.
bar lose means thousands willing win
This means that they can win some of these cases, but they can also lose some. But there will be thousands of them the plaintiffs' bar will be willing to try.
bar lose means thousands willing win
This means that they can win some of these cases, but they can also lose some, ... But there will be thousands of them the plaintiffs' bar will be willing to try.
against future legal question rules
There were no legal rules against spinning. The only question is one of ethics. And there, the question is this: Did Goldman see him as a future dispenser of future business? There's no way to know.
demand effect investors pay populist reduced relate
This is not a populist demand for reduced compensation. This is a demand for more accountable compensation that in effect allows investors to relate pay to performance.
barred classic conduct corporate gets martha private setting
This is not a classic setting where someone gets barred for conduct as a corporate officer. Everything Martha did was in her private capacity.
arthur companies fact resigned soon
Companies are resigned to the fact that Arthur Andersen is soon to be deceased.
accounting behind issue somewhat
I think the SEC had to get aboard this ship. Otherwise, they would look like they are lagging behind the parade. They have been somewhat embarrassed by being behind everyone on the issue of accounting reform.
action actions both civil class criminal deal government guilty involving price product rush securities settle suspect
I suspect this rush to settle the civil antitrust actions and the securities class action are the product of both an approaching deal with the government involving a plea of guilty to criminal price fixing, and also the approaching shareholders meeting.
safe serve
I think it's safe to say they won't serve more than 10 to 12 years,
blushing committee management
There is no blushing when it comes to making these demands, as long as management is only negotiating with the compensation committee and not with shareholders.