GE relationship partner calls on Jack Welch in W&S pay row

Westacott, Gemma
December 2005
Lawyer;12/12/2005, Vol. 19 Issue 48, p1
Trade Publication
This article reports that a senior partner of Winston & Strawn, a company in the U.S., is expected to call both the company's managing partner and Jack Welch, the former chairman of General Electric Co., to testify in a multimillion-dollar lawsuit against the company. Anthony LoFrisco is a partner in the New York-based office of Winston. He is suing the company for millions of dollars in compensation. He says that the company breached a remuneration agreement that would have allowed him to avoid decompression. Decompression is the process by which most partners' compensation is reduced every year after reaching the age of 65 years. LoFrisco is also arguing that Winston's managing partner James Neis was instrumental in creating the remuneration agreement.


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