Profs. Hill and Painter Featured in NYT's "The Deal Professor" blog

An article by Professors Claire Hill and Richard Painter, "Berle's Vision Beyond Shareholder Interest: Why Investment Bankers Should Have (Some) Personal Liability," forthcoming in the University of Seattle Law Review, is cited as putting forth "an exciting idea concerning financial institution pay" in the December 4 issue of the New York Times. Professor Steven M. Davidoff of the University of Connecticut School of Law, writing as The Deal Professor in "A Windfall Profits Tax for Goldman Sachs?," discusses the "supersized" year-end bonus payments of Goldman Sachs executives and the role the federal government played in the organization's profit-making during the financial crisis. Davidoff comments that the Hill-Painter proposal "mimics the partnership structure and ties investment bankers to the firm, giving them real responsibility for its future" and says their idea and others like it "should be thoughtfully examined." Hill and Painter's abstract can be seen at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1510443.