Difference between revisions of "Harvey Myerson"
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<li><b>1989: One of Trump's law firms, Myerson & Kuhn, filed for bankruptcy after having a fallout with Trump.</b> “Myerson & Kuhn, an elite law firm built last year when one of the nation's largest firms went bankrupt, has itself filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Founded by flamboyant litigator Harvey Myerson and former baseball commissioner Bowie Kuhn, the firm one year ago boasted a staff of 160 lawyers, including big-name talent that it attracted with hefty salaries. But the firm's receipts never matched its ambitions, and Myerson & Kuhn has been cited as an example of how today's big firms can elude management control. […] Myerson launched the firm with a fanfare of publicity and a pledge that it would have first-year revenue of $50 million to $75 million. He described the organization as a ‘start-up superstar firm’ with a client list that included Shearson, the Trump Organization and Weyerhaeuser Co. But the firm never reached that revenue goal and had a falling out with Donald Trump, in addition to Shearson.” (<i>Los Angeles Times</i>, December 29, 1989) | <li><b>1989: One of Trump's law firms, Myerson & Kuhn, filed for bankruptcy after having a fallout with Trump.</b> “Myerson & Kuhn, an elite law firm built last year when one of the nation's largest firms went bankrupt, has itself filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Founded by flamboyant litigator Harvey Myerson and former baseball commissioner Bowie Kuhn, the firm one year ago boasted a staff of 160 lawyers, including big-name talent that it attracted with hefty salaries. But the firm's receipts never matched its ambitions, and Myerson & Kuhn has been cited as an example of how today's big firms can elude management control. […] Myerson launched the firm with a fanfare of publicity and a pledge that it would have first-year revenue of $50 million to $75 million. He described the organization as a ‘start-up superstar firm’ with a client list that included Shearson, the Trump Organization and Weyerhaeuser Co. But the firm never reached that revenue goal and had a falling out with Donald Trump, in addition to Shearson.” (<i>Los Angeles Times</i>, December 29, 1989) | ||
| + | <li><b>Harvey Myerson's legal partners accused him of diverting money from the law firm's official accounts to support a lavish lifestyle.</b> “These are troubled days for the 50-year-old Mr. Myerson, who has just joined his fourth law firm in the last six years. In that time he, perhaps more than any other lawyer, has come to personify the two sides of modern corporate law practice: its glamour, visibility and profitability as well as its instability, riskiness and potential for treachery. Mr. Myerson staked everything he had for power, glory and success. His former partners claim he even dipped into the firm's funds to sustain his life style, thereby accelerating the firm's demise, a charge he denies.” (<i>New York Times</i>, February 25, 1990) | ||
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Revision as of 17:34, 17 October 2019
- 1989: One of Trump's law firms, Myerson & Kuhn, filed for bankruptcy after having a fallout with Trump. “Myerson & Kuhn, an elite law firm built last year when one of the nation's largest firms went bankrupt, has itself filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Founded by flamboyant litigator Harvey Myerson and former baseball commissioner Bowie Kuhn, the firm one year ago boasted a staff of 160 lawyers, including big-name talent that it attracted with hefty salaries. But the firm's receipts never matched its ambitions, and Myerson & Kuhn has been cited as an example of how today's big firms can elude management control. […] Myerson launched the firm with a fanfare of publicity and a pledge that it would have first-year revenue of $50 million to $75 million. He described the organization as a ‘start-up superstar firm’ with a client list that included Shearson, the Trump Organization and Weyerhaeuser Co. But the firm never reached that revenue goal and had a falling out with Donald Trump, in addition to Shearson.” (Los Angeles Times, December 29, 1989)
- Harvey Myerson's legal partners accused him of diverting money from the law firm's official accounts to support a lavish lifestyle. “These are troubled days for the 50-year-old Mr. Myerson, who has just joined his fourth law firm in the last six years. In that time he, perhaps more than any other lawyer, has come to personify the two sides of modern corporate law practice: its glamour, visibility and profitability as well as its instability, riskiness and potential for treachery. Mr. Myerson staked everything he had for power, glory and success. His former partners claim he even dipped into the firm's funds to sustain his life style, thereby accelerating the firm's demise, a charge he denies.” (New York Times, February 25, 1990)
