Sergey Aleynikov Loses in Goldman Fight Over Fees

The Delaware law provisions in question exist because the officers and directors of a corporation are often sued for the alleged misconduct of the corporation itself, and it&#x27;s reasonable in those circumstances for the corporation to pay for their defense.<p>A VP at Goldman is, I think, the third lowest ranking front-office position. Not only is it not the sort of &quot;officer&quot; that Delaware law contemplates, but it&#x27;s also not the sort of context Delaware law contemplates. Aleynikov wasn&#x27;t accused of wrongdoing in his official capacity as an officer of the corporation. That might be something like a CEO being accused of funneling contracts to his brother&#x27;s company. Aleynikov was accused of wrongdoing that was incidental to his employment.

They&#x27;re all vice presidents there? American Psycho is becoming truer every day.<p><i>the ruling gives Goldman an incentive to keep the ambiguous language in place so it can reserve the right to make “unpredictable post hoc determinations about which former employees should be advanced attorney’s fees and which shouldn’t,” Fuentes wrote.</i><p>Maybe there&#x27;s some selection bias going, or I&#x27;m a contrarian, but somehow dissents usually make more sense than rulings.

Goddam the links on that article are annoying. None of them are sources, just links to general &quot;topics&quot; under bloomberg. Completely confusing.<p>Read this instead: <a href="http://en.wikipedia.org/wiki/Sergey_Aleynikov" rel="nofollow">http:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Sergey_Aleynikov</a><p>That being said, this just shows how much power Goldman wields with the establishment and it was kind of a scary insight into their recorded weirdness. Basically they just said to the FBI that he stole the source code and he <i>could</i> possibly use the code to manipulate markets. This is a guy that writes the code to manipulate markets, but then he was a criminal, because he might do it for himself. The whole thing is insane IMHO.

VP is common across the &#x27;Murican banks. I am one, albeit in a different continent.<p>VPs don&#x27;t need to manage a team, but they do often shoulder some responsibility for a project, or maybe, even run the project. Usually, it is the level of pay that bumps them into the VP bracket. Not much else.

I hope everything ends up well for him. I&#x27;ve been a very appreciative user, and occasional committer to erlexec: <a href="https://github.com/saleyn/erlexec" rel="nofollow">https:&#x2F;&#x2F;github.com&#x2F;saleyn&#x2F;erlexec</a><p>It was kind of a shock when I put 2 and 2 together and realized who the author was, as I&#x27;d already been using the code for a while.

Why are legal costs so ridiculously high in the states?