January

Not since the aftermath of the Great Crash of 1929 has the public demand for governmental regulation of executive compensation (and much more) in publicly traded stock corporations been so angry, loud, and persistent as it is today. According to John Kenneth Galbraith, that political reaction to the recent asset bubble and liquidity crisis was predictable:

What do skinny ties, butter, and privileged attorney-expert communications have in common? They are all making a comeback. In the days of Don Draper of the hit television show “Mad Men,” attorneys wore narrow neckwear and ate fat-laden breakfasts. They also corresponded with testifying experts about case strategy without losing a wink of sleep because the communications were generally protected from discovery.