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June 01, 2009
Yes--and your GC should be a "Wartime Consigliere".
The Wrong Stuff: Thomas "Tom" Feargal Hagen (Paramount Pictures)
It's not a Godfather thing, not a macho thing, not a litigation thing. It's just a business fact, especially in changing industries. And especially now. General Counsel at corporations do make a difference:
1. She should be broad-gauged, intellectual, take-charge, organized, preventive, resourceful--and War-like at heart.
2. Hates war as expensive--but likes and even revels in a fight.
3. Tells management what to do--and not a tentative, qualified "what you can do".
At his well-regarded Law Department Management, Rees Morrison, by far one of the smarter, sager and more experienced lawyer-consultants out there, just asked "Does a General Counsel Make All That Much Difference?" Our two cents is in the WAC? post title above. The right GC? Get thee a philosopher-warrior. Be safe and feel safe, friends.
Morrison goes a bit farther, inspired in part by this month's Atlantic piece "Do CEOs Matter?, by Harris Collingwood. See also our short recent post, "Proctor & Gamble's Lafley: Look to the meaningful outside", on CEO A.G. Lafley's recent thoughts about CEO uniqueness in May's Harvard Business Review.
Morrison excerpt:
Other researchers have found that CEO leadership matters relatively less in constrained industries, such as electrical utility industries, than in hotly competitive, fast-changing industries.
A similar conclusion probably applies to general counsel: legal/business calls are tougher and more frequent in roiling industries so the top lawyer has more opportunity to make a difference.
Expert on The Right Stuff: Rees Morrison
Posted by JD Hull at June 1, 2009 12:20 AM
Comments
JD
Thought you surely would have very insightful post on the GM filing, today. Am really disappointed.
I find it absolutely unbelieveable that Moe's PC (professional corporation) outlasted GM. The Vegas odds on that had to be a triple bizzilion to one. I iam sure that thousands of other small firms and businesses are saying the same thing to themselves.
Seems to me that going forward June 1 2009 ought to be some sort of national or international day, but of what?
Best regards
Moe
Posted by: Moe Levine at June 1, 2009 05:50 PM
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