GCs Being Shown the Door With Little Warning

, Corporate Counsel


Is it safe to go into work at the law department? Recently, both Wellpoint Inc. and Pfizer Inc. abruptly fired their general counsel.

What's being said

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    wow, can I get fired like that?!

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    $6.5 million for 2012, and likely a comparable amount for 2013, plus $5 million more for severance, all for failing miserably, is quite a statement about the disconnect between executives and working folk.

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    General counsels are (and want to be) like any other corporate executive. They come and go for any number of reasons, or no reason at all. It is a fact of life at senior levels. In part, that is why Mr. Cannon and others receive pretty sweet parting gifts.

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