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In-House Counsel in The Middle
Jeanette Halloway, Chairperson of the Board, has a recurring nightmare ' The board meeting is tense. CEO Enzo Hernandez is droning on about having missed yet another quarterly target. He told the Comp Committee he wanted his objectives modified because “the market changed and the objectives the board set are no longer relevant.” In executive session, Jeanette will lead a review of Hernandez's performance, certain irregularities involving his use of company employees for personal business matters, and his alleged improprieties in dealing with the company's auditors.
Company in-house general counsel, Eugene Richards, will be sitting in on the executive session. Gene has worked closely with Enzo for many years. Enzo hired him, the two of them play golf together every other week and their wives are best friends.
Jeanette cannot depend on what Gene is going to advise, on his fully investigating in the first place, or on what he will do after the executive session. At best, Gene will be in a difficult position. Jeanette knows that Enzo will squeeze Gene to see if he can find out what is going on, and try to influence Gene's activities, at a minimum. What will Gene say to Enzo, she wonders?
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