Conrad Black

John Gapper

Novartis has done the right thing by scrapping its proposed payment of up to $78m to Daniel Vasella, its outgoing chairman, not to compete against the Swiss pharmaceuticals company. It raises questions not only about Swiss corporate governance but the entire principle of non-compete deals.

Mr Vasella was a dynamic and effective chief executive of Novartis but there is no obvious reason why he needs an extended non-compete agreement any more than another retiring chairman or corporate executive. Read more >>

It would be prudent to pause before taking advice from a man who was gaoled and his business empire broken up. Read more >>

John Gapper

Reading the Supreme Court’s judgments finding fault with the convictions of Jeff Skilling of Enron and Conrad Black, it is clear that Congress must act to close a loophole in the law.

Although the Supreme Court decision narrowing the “honest services” category of wire fraud to bribery and kickbacks is well-argued, the US needs to include fair dealing as well. Read more >>