Corporate governance after GameStop
By Faith Stevelman and Sarah C. Haan
NEW YORK Last week, a social-media-fuelled populist rebellion gripped capital markets. Retail investors purchased huge amounts of stock in struggling companies like GameStop, AMC and BlackBerry (among others). They wanted to make a buck. But, even more than that, they wanted to punish the financial elites, like hedge funds, that had been betting on the companies’ decline.
The punishment worked: on January 27, investors that had taken short positions on GameStop lost $14.3 billion. But the real story is not who lost (or made) money in a series of stock trades. It is that the prevailing model of modern corporate governance is on the brink of a seismic change.
Meet the new lawyers taking over Trump s impeachment defense; 5 others are out
Former President Donald Trump. Photo from Shutterstock.com.
Former President Donald Trump has named two new lawyers to his impeachment defense team after lead lawyer Karl S. “Butch” Bowers Jr. abruptly left, along with four others.
Castor was Montgomery County, Pennsylvania, district attorney from 2000 to 2008, while Schoen is a frequent television legal commentator who helped represent Trump adviser Roger Stone in an appeal of his conviction for obstructing the probe of Russian election influence.
In Castor, “Trump is likely to find a defender who shares his penchant for theatrics,” according to the Philadephia Inquirer. “One who once threatened that reporters who dared show up at his home uninvited would be met by his wife and her gun. And one who still harbors bitter feelings after his own brush with what he once described as the ‘will of the voters being overturned’ out from under
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