The following op-ed was published in The Wall Street Journal on January 6, 2007: Apple Computer announced a week ago the conclusions of a special board committee that examined the “improper dating” of over 6,000 option grants during 1997-2002. The committee found no basis for having less than “complete confidence in CEO Steve Jobs and the senior management team,” placing full responsibility for past problems on the company’s former CFO and general counsel.
The following op-ed was published in the Boston Globe on January 5, 2007: Deval Patrick is off to a bad start. If the amendment to prohibit gay marriage ever reaches the people, I shall vote against it. I regret that the Supreme Judicial Court, in its closely divided 2003 decision in the Goodridge case, proclaimed that the state Constitution requires same-sex marriage.
The HLS Program on Corporate Governance released a new study today called Lucky Directors, by Professor Lucian Bebchuk and co-authors Yaniv Grinsten and Urs Peyer suggesting that outside directors’ options, and not only executives’ options, have been favorably timed to an extent that cannot be explained by mere luck.