NOT THE SHARPEST KNIFE IN THE DRAWER: Moronic Or[rick] Malpractice?

 

M. Todd Scott, a fourth-year associate at Orrick, Herrington & Sutcliffe mistakenly disclosed a complaint alleging stock option backdating in a shareholder suit against former executives of Mercury Interactive that the firm has been battling to keep under seal for five months. The complaint alleges that four former Mercury executives "grossly enriched themselves at the expense of Mercury” with $164 million worth of underpriced options grants to purchase company stock, with backdating accounting for $54 million of this sum. A Dow Jones News Service reporter discovered that Scott had accidentally filed the complaint publicly as an exhibit with a motion, and The Wall Street Journal posted the complaint on its Web site and published a follow-up article (subscription required) earlier this week.

 

Not that The Stiletto condones corporate chicanery, but she will leave it up to her readers’ imagination to surmise what the “M.” in the associate’s name stands for – especially around the executive watercooler at Mercury Interactive.

 

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  • February 23, 2007 The Hairy Beast wrote:
    Whoopsie!

    This reminds the Beast of another famous error commited in print by the infamous John Wilmot, Second Earl Of Rochester at the court of Charles II.

    Wilmot was known for his wit - he wrote scores of fithy, gossipy anonymous poems that made fun of various courtiers. He gained great popularity by passing them around. However he got his comeuppance when one day he passed the wrong poem to the King. Wilmot accidently gave him a copy of a pornographic rant making fun of Charles himself for his excessive love of wenching.

    Wilmot was forced to flee England for months until Charles relented and allowed him to come back. The poem was called "A Satyr On Charles II", but in the end the joke was on Wilmot.

    Never allowed to return to Court Wilmot set up as "Doctor Bendo", a quack physician skilled in treating barrenness. His practice was, it is said, 'not without success,' implying his intercession of himself as surreptitious sperm donor.

    He died of syphillis at age 33.
    Reply to this

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