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$1 Trillion Valuation, but How Do You Measure Success?

After Apple hit the $1 trillion mark, CEO Tim Cook told his employees that money isn't everything.

That's easy to say when you can buy a planet. And it's good to say before everybody asks for a raise.

Of course, it's also true. Like the boss said, it's more important to focus on doing a good job and staying true to company values. So how does your company measure success?

Finance Industry Pays General Counsel the Most

Morgan Stanley's Eric Grossman made nearly $7 million last year, the most among general counsel in a new survey.

According to the 2018 General Counsel Compensation Survey, Grossman topped 341 in-house attorneys in compensation. That included salary, cash bonuses, and nonequity incentives.

The survey also had good news for most general counsel, reporting that salaries increased slightly and bonuses jumped 31 percent. The bad news is their average cash compensation went down.

Purdue Pharma Hires New GC

One of the nation's largest pharmaceutical companies, Purdue Pharma, has announced that they've hired a new senior vice president and general counsel.

In the announcement, Purdue explained that their new GC, Marc Kesselman, will help lead the company as it branches out into more than just pain medication, and as it takes "meaningful steps to address the opioid crisis." Kesselman likely has quite a bit of catch up to play, as Purdue has been one of the big targets in the recent wave of lawsuits targeting opioid makers.

When to Declare Peace With a Corporate Competitor -- Never!

Apple and Samsung finally settled the biggest patent battle in recent history.

When the companies first litigated over cell phone and tablet designs, Steve Jobs was still alive. He called it "thermonuclear war."

But do corporate competitors ever stop being competitors? Will their lawyers really lay down their weapons forever?

The general counsel at Facebook, Colin Stretch, in a public post on the platform, recently announced that he will be leaving his position by the end of the year.

Stretch has been with Facebook since 2010, and endured through several trips to D.C. for investigations, and even the recent Cambridge Analytical scandal. However, his family relocated out of Silicon Valley to the East Coast, and he realized that his not being close by was doing the company a disservice.

Coal Lawyer Convicted of Bribing Alabama Lawmaker

There is a line between advocacy and criminality, and some lawyers cross it.

Joel Gilbert, a partner at Balch & Bingham, is one of those lawyers. According to a jury, Gilbert is guilty of helping bribe a government official for a client.

The client, an Alabama coal company, said it did nothing wrong. The company didn't quite throw the lawyer under the bus, but he definitely got caught on the wrong side of the deal.

How to Survive a Real Company Catastrophe

Every enterprise hits rough patches.

Sales go down. Key employees quit. Lawyers sue. It's part of doing business.

A "company catastrophe," however, is more than a rough patch. It's like when a hurricane hits. Here's how to survive a real one.

In a stunning court decision, the Federal District Court for the District of Columbia has ruled that the AT&T - Time Warner merger can move forward. And to help put some of the controversy to rest and actually allow the merger to happen, Judge Richard Leon strongly cautioned the government against seeking a stay.

The $85 billion deal came under heavy fire, not just from the traditional media that usually questions every big corporate merger, but also by President Trump, which, naturally, resulted in additional controversy due to CNN being owned by Time Warner and one of President Trump's so called "fake news" outlets. Nevertheless, the challenge to the deal found support from across the partisan aisle, as AT&T owns DirecTV, and many believed that the merger would represent too much power for one company.

Lionsgate Announces New General Counsel

After 20 years at Sony Pictures, Corii Berg is going to Lionsgate as its new general counsel.

Berg had been a senior executive for Sony, but will become senior legal and business affairs executive at Lionsgate. The company said he will fill a position that has been vacant for a while.

It's also a new legal order of things at Lionsgate, which saw its last general counsel move to a subsidiary earlier this year.

Microsoft recently announced that it will seek to purchase GitHub, the open source code repository, a popular tool that developers use. The move has caused a bit of a stir as many of Microsoft's own competitors use the code repository, including Google, Apple, Facebook, and more, not to mention millions of developers do too.

Reportedly, the deal will cost Microsoft $7.5 billion. For its investment, Microsoft doesn't plan on changing GitHub's philosophy, but does seem poised to promote their cloud product Azure to the massive GitHub community of 26 million developers.