"Instead of an attack on the 1 percent, let's call it an attack on the very productive."
Max Abelson, "Bankers Join Billionaires to Debunk 'Imbecile' Attack on Top 1%" (Bloomberg Online, Tuesday, December 20, 2011), quoting what is described as a current Director [Chairman of the Board] and a former CEO of BB&T Corporation, "the ninth-largest U.S. bank". [Emphasis added to quotation.] The individual is also a current "Distinguished Professor of Practice" at Wake Forest.
Some Directors and some Officers are very productive in producing D&O Claims at this time. See generally "D&O WARS: CORPORATE SHAREHOLDERS PAY PREMIUMS; DIRECTORS, OFFICERS DO NOT," posted here on December 21, 2011. Without the unfortunate conduct of some Directors and some Officers before and during the Great Economic Fiasco through which we are all now living, there would definitely be many fewer opportunities for Courts to decide D&O Insurance Coverage issues.
HAPPY HOLIDAYS TO ALL, AND TO ALL A HAPPY NEW YEAR!
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