Michael Jackson, the King of Pop, recently settled a case in which Sheik Abdulla bin Hamad Al Khalifa, the second son of the king of Bahrain, had sued him for breach of contract. Al Khalifa alleged he advanced millions to Jackson in a joint venture that Jackson failed...
Nine days ago, Citigroup announced it would pay $1 per share for Wachovia’s banking operations in a deal brokered by the Federal Deposit Insurance Corporation. Four days later, Wells Fargo announced it planned to buy Wachovia for approximately $7 per share in a...
Do you want a fairly sure way to save money if you’re selling your house? According to a survey in Consumer Reports’ September issue, 71 percent of sellers who attempted to negotiate a lower commission with their real estate broker received a discount. The...
Arizona Cardinals’ wide receiver Anquan Boldin and his agent Drew Rosenhaus want to tear up his $22.75 million contract (now in its 2nd year and legally valid through 2010) and renegotiate. Why? They feel the market for wide receivers has changed for the better...
Ever since the race between my law school colleague Barack Obama and my former boss’ wife Hillary Clinton got nasty (I did advance work for the Clinton White House), many have speculated about the Obama-Clinton relationship and their negotiations leading up to...
Republican nominee Sen. John McCain wanted his former competitor Rep. Ron Paul to endorse him and give him the names of Paul’s supporters at the Republican Convention and elsewhere. Paul, according to The Washington Times, resisted and continues to say...
Last week I discussed what Microsoft CEO Steve Ballmer did effectively in his negotiations to take control of Yahoo! Today I discuss a strategy that Ballmer used ineffectively. On April 5 Ballmer sent a letter to Yahoo! stating “”If we have not concluded...
Last week I wrote about the Pittsburgh Steelers’ Rooney family negotiations and the depersonalizing impact of bringing in outside experts to provide independent, credible opinions of the value of the assets at issue (here the value of the Steelers and their dog...
A Monet painting recently sold at auction for $80.4 million, a record for a Monet. Interestingly, experts had pegged its value and expected sale price at $36 million to $47 million. What happened? And how can you, as a possible auction participant and buyer, keep from...
