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Do Economists Make Better Lawyers?

Yes. So says R. Kim Craft and Joe G. Baker in a recent paper in the Journal of Economic Education entitled “Do Economists Make Better Lawyers? Undergraduate Degree Field and Lawyer Earnings.” Here is the abstract: Using nationally representative data, the authors examine the effects of preprofessional education on the earnings of lawyers. They specify ... Do Economists Make Better Lawyers?

Home Depot Directors – It’s not you, it’s *me.*

Bill Sjostrom broke the news of the disgraceful absence of directors at the recent Home Depot shareholders’ meeting here. I found the story so scandalous, however, that I did a bit more digging, just to see what sort of rationale for missing the meeting was proffered by the truant HD directors. All I found was ... Home Depot Directors – It’s not you, it’s *me.*

SEC may scrap "Katie Couric" provision of compensation disclosure rules.

See here for the story.

Option Backdating Scorecard

For those following the option backdating scandal, the W$J has a regularly updated scorecard here listing the embroiled companies, etc.  (HT:  Lattman).

Vonage IPO woes continue.

The NYT is reporting today (see here) that approximately 10,000 Vonage customers participated in its directed share program for its recent IPO.  Customers had until yesterday to pay for the shares.  However, given that the stock has dropped from its IPO price $17.00 to $12.50, some customers are refusing to pay.  Vonage indicated that it ... Vonage IPO woes continue.

Securities Mosaic Blogwatch

We’re pleased to announce that we are one of a handful of blogs featured on Securities Mosaic’s new Blogwatch feature. You can check it out here.

Direct public offerings, free writing prospectuses, Vonage, and SOX

Back in 2001 I published an article entitled Going Public Through an Internet Direct Public Offering: A Sensible Alternative for Small Companies? DPOs had been (and continue to be) touted as a financing alternative for a small company that needs capital but can’t attract angel or VC financing or an underwriter to take it public. ... Direct public offerings, free writing prospectuses, Vonage, and SOX

Ribstein Responds: Lawyer Licensing Continued

In my first post on the economics of lawyer licensing (and in the comments) as well as my subsequent response to the Wilson/ Ribstein Point of Law discussion, I mentioned that this is an area where empirical evidence should add significantly to the debate since we have a good deal of variance in state restrictions ... Ribstein Responds: Lawyer Licensing Continued

Directors skip Home Depot’s annual shareholders’ meeting.

According to today’s W$J (see here), only a single director (the Chairman and CEO) attended Home Depot Inc.’s recent annual shareholders’ meeting, and he refused to answer questions as to why the other directors were not there. A commentor to this post about Halliburton’s annual shareholders’ meeting asserted that “[t]he purpose of the meeting is ... Directors skip Home Depot’s annual shareholders’ meeting.

Robinson-Patman Act Repealed!

Ok, not really. But the Antitrust Modernization Committee voted overwhelmingly in favor to repeal the Act (HT: Antitrust Review). Apparently, nine Commissioners voted in support of a the statement: “that Congress should repeal the Act in its entirety” on the grounds that: (1) the Act does not serve any purposes not already served by the ... Robinson-Patman Act Repealed!

Martha Stewart to Fight Civil Insider Trading Charges

As Lisa Fairfax notes over at the Glom (see here), Martha Stewart has decided to fight the civil insider trading charges filed against her by the SEC in June 2003 (more here). The complaint had been stayed pending resolution of the related criminal proceedings. With those proceedings resolved, the SEC lifted the stay last month. ... Martha Stewart to Fight Civil Insider Trading Charges

Lay *and* Skilling Found Guilty

See here! Skilling was found guilty of 19 counts (incl. conspiracy, fraud, false statements and insider trading). Lay was found guilty on 6 counts (fraud and conspiracy). I imagine both men will make model prisoners, although Lay might be the better prisoner, since he is very good at closing his eyes to bad things and ... Lay *and* Skilling Found Guilty