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PEOPLE
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We've been kept busy watching the salaries of CEOs rise, but we should take care not to overlook corporate General Counsels, who may also be earning high salaries, stock grants and bonuses. Law.com, which has published the compensation of the chief legal officers for Fortune 500 companies since 1994, has been charting the rise and fall of their stock options, big-time bonuses and other compensation. Read about what was new for 2005. For one thing, the average restricted stock grant was nearly $1 million, more than $250,000 higher than the previous year. The total value of options exercised was $171 million, $49 million more than in 2004. Average gain increased from $2.5 million to $3.1 million. Free registration is required to view the charts: GC Compensation: Their Cups Runneth Over and A Little Extra (top bonus earners). An explanation of the methodology used is also available. http://www.law.com/jsp/ihc/PubArticleIHC.jsp?id=1152781534386
In 1994, the Lemelson Foundation established the Lemelson-MIT program at the Massachusetts Institute of Technology. The program's aim is to recognize inventors, find solutions to problems and inspire young people to pursue creative lives and careers through invention. At their Web site, you can browse alphabetically by an inventor's name or by invention category (Medicine and Healthcare, Consumer Products, Transportation, Energy and Environment or Computing and Telecommunications). Historic figures such as Louis Pasteur, George Washington Carver and Ben Franklin are included, as well as more modern inventors such as Ron Popeil, Les Paul and Art Fry (creator of the beloved Post-It Note). Click on Inventor Search to enter a name, or click on This Week for the week's featured inventor. http://web.mit.edu/invent/i-archive.html We could try to be witty and define a Super Lawyer as a briefcase-wielding superhero; instead, we'll explain that the magazine, Law and Politics, uses polls, research and interviews to select lawyers who have achieved a high degree of peer recognition and professional status. Only 5 percent of lawyers in each state earn the designation of Super Lawyer. Click on one of the 21 states available (some have 2006 data, others are from 2005), then search by name, practice area or city. Some of the listings have links to a full profile, which may provide a photo and short blurb about the person. Some of the pdf profiles turn out to be marketing pieces for the law firm, not the individual. Also click on Find a Rising Star to find profiles of attorneys who are either under 40 years of age or who have been practicing fewer than 10 years, selected by the Super Lawyers themselves.
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The Internet Prospector was founded December 1994 and organized |