By McCord Pagan (September 25, 2020, 3:52 PM EDT) -- Guided by Wachtell Lipton Rosen & Katz, Penn National said Friday it raised at least $854 million in a common stock offering that will likely help fund the gaming company's long-term growth and physical locations. Access to case data within articles (numbers, filings, courts, nature of suit, and more. In the low-interest environment that has existed over the last 10 years, bondholders have been willing to go along in exchange for higher yields. Penn Carey Law Alumni receive CLE credits free through The W.P. Their selectivity, compensation and impact on the mergers and acquisitions sphere are . We have an ASL interpreter and also manual closed captioning as standardaccommodations for each panel and speaker during the symposium. His parents were the children of Jewish immigrants from present-day Poland and Hungary . Throughout his career, Mr. Neff has been extensively involved in negotiated as well as hostile acquisitions, and has represented bidders and targets, public and private companies, private equity firms, leveraged acquirers and special committees of directors. is proud to partner with Vince Buccola (Wharton), Elisabeth de Fontenay (Duke), Sujeet Indap (Financial Times), Samir Parikh (Lewis & Clark), and Katherine Waldock (the Millstein Center at Columbia) to present this Symposium. LEARN MORE Recent Matters - Selected Highlights View More Familiar judicial norms and practices calibrated to an environment with influential senior lenders may not be optimal for an environment in which sponsors set the agenda. : Debt instruments fail to address and resolve the most challenging disputes between parties, despite their increasing length and complexity. Professor of Law, Theodore K. Warner Professor of Law & Professor of Real Estate; Co-Director, Center for Tax Law and Policy, Associate Professor of Legal Studies & Business Ethics, The Wharton School, Ronald O. Perelman Professor in Finance, The Wharton School, Harry P. Kamen Professor of Economics, School of Arts and Sciences; Professor of Finance, The Wharton School, William H. Lawrence Professor, Professor of Finance, The Wharton School, Associate Professor of Legal Studies & Business Ethics, S. Samuel Arsht Professor of Corporate Law, Albert E. Sussman Professor of Real Estate, Professor of Finance, The Wharton School; Professor of City and Regional Planning, Penn Design; Co-Director, Institute for Urban Research, Wharton Private Equity Professor, Professor of Finance, The Wharton School. As the number one law firm in the Vault rankings, Wachtell Lipton Rosen & Katz (more commonly referred to as Wachtell Lipton or simply Wachtell) has long captured the imagination of aspiring corporate attorneys. This is a shame, as in many ways Penn would seem well-positioned to offer insights into the transition from acting to politics. It is a sad moment to learn Prof. Wachter passing away. Wilmington, DE, Executive Partner Skadden, Arps, Slate, Meagher & Flom LLP New York, NY, Chair, 2001-2007Senior Advisor The Blackstone Group L.P. New York, NY, Co-Chair, 2008- Sullivan & Cromwell LLP New York, NY. Password (at least 8 characters required). The memos are coded by key SSRN topics, can be searched by key words, and by date. Penn Law Alumni receive CLE credits free through The W.P. [22] The same is true for associate bonuses. Wachtell, Lipton, Rosen & Katz remains at the top of the list with $8.4 million in profits per equity partner. [16] The four named partners met at New York University School of Law where they were editors on the New York University Law Review together. I just wished I could bump into him, so I can express my gratitude for all the positive impact he had on my life. Talisman Energy Inc. in its $8.3 billion sale to Repsol S.A. Dresser-Rand Group in its $7.6 billion sale to Siemens AG, Smith International in its $11 billion merger with Schlumberger, Verizon Communications in its $130 billion acquisition of the 45% interest in Verizon Wireless owned by Vodafone Plc, VoiceStream Wireless in its $55 billion acquisition by Deutsche Telekom, Verizon Communications in its $4.83 billion acquisition of Yahoo!s operating business. Webmail, Contact Us | Directions | Calendar | Privacy & Legal Statements | Accessibility, Penn State Law - University Park | Lewis Katz Building, University Park, PA 16802, International Law Practice & Extracurricular Activities, Representations and Warranties Insurance in Public M&A Deals, The New New Regime in Delaware Appraisal Law, The Delaware Supreme Court Speaks to Market Evidence in Appraisal: DFC, Delaware Court of Chancery Reaffirms that Merger Disclosure Claims Should be Brought Before, Not After, Closing, Originalist or Original: The Difficulties of Reconciling "Citizens United" with Corporate Law History, Delaware Court of Chancery Clarifies Limits of Indemnification and Advancement for Directors and Officers in Lawsuits Relating to Post-Employment Conduct, Delaware Supreme Court Holds that Fully Informed Stockholder Approval of Third-Party Mergers Shields Transactions from Review, Conservative Collision Course? M.A., Oxford University Our deep experience means we regularly handle many of the largest, most complex and demanding transactions in the United States and around the world. Matthew Grant, Penn Law / Wharton class of 2011, Professor Wachter was a father and a teacher. Wachtell, Lipton, Rosen & Katz: Headquartered in New York City, Wachtell, they are the only firm on this list that has a single office. Carey Foundation's generous commitment to Lifelong Learning. Wachtell, Lipton, Rosen & Katz is an American law firm in New York City. And without his support, I would not have been awarded the John M. Olin Prize in Law and Economics. The effect of this credit-on-creditor violence is difficult to assess because the facets are not fully understood. This post is based on their Wachtell memorandum. Likewise, the site links to the rich materials on Penn Laws Delaware Corporate Law Resource Center, https://www.law.upenn.edu/delawarecorporatehistory/, so that scholars, teachers, students, and practitioners may use them to conduct research, design interesting classroom and executive and legal education sessions, and deepen their understanding of the history and traditions of corporate governance. Although banks still hold a majority of leveraged loans, NBFIs are significant market participants, particularly in the non-investment grade loan sector. Facebook 11:00 AM - 11:30 PM - Registration; Spectra Energy Corp in its $28 billion merger with Enbridge Inc. El Paso in its $38 billion sale to Kinder Morgan, Unocal Corporation in its acquisition by Chevron Corporation for $19 billion, its response to an unsolicited merger proposal by CNOOC Limited and its acquisition of Pure Resources. [17] The firm rose to prominence on Wall Street when many brokers and investment bankers were launching small firms, but received little attention from established white-shoe law firms, such as Sullivan & Cromwell, Simpson Thacher & Bartlett, and Cravath, Swaine & Moore. He instinctively knew the power of bringing different perspectives together in understanding and solving problems. Instead, several instances of Zelensky using his instinctive talents in the field are allowed to pass without comment. 2011 Vault Ranking: 1 Overview. If Professor Burbank had never published another article, his position in the firmament of the field of procedure would have been secure. t. 212.403.1000 or 800.848.0301 / Attorney Advertising and Other Notices. Fox Distinguished Professor of Business Law; Co-Director, Institute for Law and Economics, Professor of Law; Co-Director, Institute for Law and Economics, Executive Director, Institute for Law & Economics; Professor Emeritus, Widener University Delaware Law School, Professor of Law, Business Economics, and Public Policy, Edward B. Shils Professor of Law and Professor of Political Science; Director, Penn Program on Regulation, Associate Professor of Finance, The Wharton School, Jacob Safra Professor of International Banking, Professor of Finance, The Wharton School; Co-Director, Wharton Financial Institutions Center, William A. Schnader Professor of Law; Deputy Dean, The Nomura Securities Company Professor and Ernst and Young Professor, Professor of Accounting and Finance, and Chairman, Accounting Department, The Wharton School, Charles A. Heimbold, Jr. Before his retirement in 2020, Wachter established himself as one of the premier scholars in the field of Labor Law and Economics and then later in Corporate Law and Corporate Finance. In 1982, Professor Burbank published The Rules Enabling Act of 1934, an exhaustively researched account of the passage of the statute that would lead to the Federal Rules of Civil Procedure. Jill received her J.D., magna cum laude, from the University of Pennsylvania Law School, where she was elected to the Order of the Coif and served as a Senior Editor for the University of Pennsylvania Law Review. Pro Bono's Not Just for Liberals Anymore", https://en.wikipedia.org/w/index.php?title=Wachtell,_Lipton,_Rosen_%26_Katz&oldid=1139414525, This page was last edited on 15 February 2023, at 00:59. "[24] As of 2020, the U.S. News & World Report has ranked Wachtell as a tier 1 law firm in national and regional rankings in several practice areas: Banking and Finance Law, Corporate Law, Litigation, and Mergers & Acquisitions. Wachtell's practice and case studies. Wachtell Lipton is dedicated to providing advice and expertise at the highest levels and achieving extraordinary results for our clients. Anybody may type a question in the Q&A tab. Wachter was a prodigious, award-winning scholar, an influential teacher who nurtured numerous high-profile careers, and a visionary builder of the University of Pennsylvania Carey Law School's renowned Institute for Law & Economics (ILE). But, most of all, it was his constant focus on doing what was best for the students and being there for them that is the example we all should emulate., When Wachter retired in 2020, he wrote, My memories of Penn Law will always be infused by gratitude for the opportunity to engage with wonderful students and colleagues.. The Penn community lost a quiet giant, said Strine, a longtime Adjunct Professor at the Law School and now also Of Counsel at Wachtell, Lipton, Rosen, and Katz. They also raise the broad question about the gradual shift from bonds to loans in riskier debt markets. This symposium also acknowledges that disability is not only a legal concept, but also a social construct, a lived reality, and for many individuals, a chosen identity. Wachter taught Corporate Law and Corporate Finance at the Law School. A native of Brooklyn, New York, Wachter joined the Penn faculty in 1970, after earning a masters degree and a PhD in economics from Harvard. 79 (2018). is proud to present its annual symposium on a timely legal topic. Wachtell Lipton is dedicated to providing advice and expertise at the highest levels and achieving extraordinary results for our clients. He reshaped how we think about issues surrounding corporate law with his singular vision and inspired and launched generations of students into fulfilling careers through his dedicated teaching and mentorship. 8:00 to 8:30 a.m. He was my institutional mentor and friend.. Sean Penns Zelensky Doc Substitutes Bromance for Storytelling. Arguably too smitten with Zelensky the myth to attempt painting an objective portrait of Zelensky the man, Penn overlooks the actual superpower the actor-turned-politician has his genius for media relations. Morgan, Lewis & Bockius LLP Philadelphia, PA, Senior Managing Director Evercore New York, NY, Chairman & CEO MacKenzie Partners, Inc. New York, NY, Co-Chair, 2008-2019Former Partner Simpson Thacher & Bartlett LLP New York, NY, Founding Member, Blue Raven LLP New York, NY, Richards, Layton & Finger, P.A. Attendees seeking CLE credit must register for CLE credit and make a payment via the online. He is a corporate and securities lawyer, and has focused on mergers and acquisitions and advice to boards of directors and board committees. 215.898.7483, Copyright 2023 University of Pennsylvania Carey Law School. These new tactics initially left creditors paralyzed, but. Brief Description: The U.S. leveraged loan market, which stood at just over $100 billion two decades ago, caught up to the size of the U.S. high-yield bond market roughly $1.6 trillion in amounts outstanding in 2021. J.D., Yale Law School Plus, they probably can't find enough associates in the small class to get to their minimum sample size. He was also among the first wave of scholars to embrace rigorous interdisciplinary approaches to legal scholarship, including historical, empirical, and comparative methods. Law360 provides the intelligence you need to remain an expert and beat the competition. CLE credit may be available in other jurisdictions as well. We hope to be at the leading edge of private equitys next phase. In the legal profession, information is the key to success. Airgas in its $13.4 billion acquisition by LAir Liquide S.A. Airgas in successfully defending against a $5.8 billion hostile takeover bid by Air Products and Chemicals, Rohm and Haas in its $18 billion sale to Dow Chemical, Actelion in its $30 billion acquisition by Johnson & Johnson and spin-off of Idorsia, which holds Actelions R&D pipeline, Medivation in its $14.6 billion acquisition by Pfizer, Allergan in its defense against a hostile takeover bid by Valeant Pharmaceuticals and its $66 billion acquisition by Actavis plc, Cooper Industries in its $11.8 billion combination with Eaton Corporation, Litton Industries Inc in its merger with Northrop Grumman Corporation, Vivendi Universal in its $7.8 billion acquisition of United States Filter Corporation. This unique leadership of ILE fostered incredible insights into the inner workings of corporate law, solidifying its status as the preeminent corporate law center in the United States.. Partner Wachtell, Lipton, Rosen & Katz Jan 1991 - Present32 years 2 months Education University of Pennsylvania Carey Law School JDLaw 1981 - 1984 Activities and Societies: GAPSA; University of. Wachtell is notoriously private and tight-lipped about the stuff usually found in Chambers Associatetalking about hours and culture is gauche. Shifts in creditor and lender composition have exacerbated the complexity and opacity of the leveraged loan and distressed debt markets rendering these markets more susceptible to downturns and amplifying contagion risks for global economies. It is one of the smallest firms in the AmLaw 100, but has the highest per partner profits of any law firm and pays significantly above the "Cravath scale" market rate for associates. This concept has now been enlisted to address a surprising array of problems: not only disability-based discrimination and exclusion, but also the risk of COVID-19 transmission in schools, the subordination of transgender individuals, the casualties of modern capitalism, and the remediation of poverty and environmental harms, to name just a handful of examples. [23] By the early 1990s, Wachtell was regarded as the "hardest firm in the U.S. to get a job in. Michael Wachters contributions to Penn and to the Law School cannot be overstated, said Ted Ruger, Dean of the Law School and Bernard G. Segal Professor of Law. Its purpose is to celebrate the work of a great scholar through contributions from colleagues and former students. May God rest his soul. Professor Wachters passing is quite a loss for the Penn community in addition to, of course, his family and friends. Wachtell, Lipton, Rosen & Katz LLP. 1 to 2 p.m. Keynote Conversation: Matt Levine, Bloomberg Opinion & Sujeet Indap, Financial Times, 2 to 3:30 p.m.Panel 3:Creditors Strike Back. Brief Description:Equity sponsors have adopted unprecedented levels of aggression towards creditors, exploiting debt contracts to transfer value from creditors to equity holders. Report Accessibility Issues and Get Help | The Fine Print, Wachter was a prodigious, award-winning scholar, an influential teacher who nurtured numerous high-profile careers, and a visionary builder of the University of Pennsylvania Carey Law Schools renowned. During his remarkable 50-year career at Penn, Wachter taught at the Law School, the School of Arts and Sciences (Professor of Economics), and the Wharton School (Professor of Management) and served as the Universitys Deputy Provost. Walking through the rubble of a Kyiv kindergarten destroyed by a Russian missile, he reflects how incredible it is to think that all the devastation around him is due to the will of just one man. Moderator:Vincent Buccola,TheWharton School, Ronit Berkovich,Weil, Gotshal & Manges LLP, Hon. You have to know whats happening with clients, competitors, practice areas, and industries. t. 212.403.1000 or 800.848.0301 / Attorney Advertising and Other Notices. Principal Cornerstone Reseach Washington, D.C. Cadwalader Wickersham & Taft LLP New York, NY, Potter Anderson & Corroon LLP Wilmington, DE, Managing DirectorHoulihan Lokey San Francisco, CA, Managing Partner The S Consulting Group Philadelphia, PA, Senior Advisor BarkerGilmore Philadelphia, PA, Retired Senior Vice President and Chief Investment Officer Allstate Insurance Company Northbrook, IL, Managing Director, General Counsel and Corporate Secretary Vanguard Wayne, PA, Founding Managing Director Innisfree M&A Incorporated New York, NY, Wachtell, Lipton, Rosen & Katz New York, NY, Wilson, Sonsini, Goodrich & Rosati Wilmington, DE, Managing Director; M&A AdvisoryGeneral Counsel Goldman, Sachs & Co. New York, NY, Former Chief Justice DelawareSupreme CourtMichael L. Wachter Distinguished Fellow in Law and Policy; University of Pennsylvania Carey Law School Wachtell, Lipton, Rosen & Katz Wilmington, DE, Chief Legal and Compliance Officer Apollo Global Management, LLC New York, NY, Simpson Thacher & Bartlett LLP New York, NY, Chief Justice, Supreme Court of Delaware, 1992-2004 Gordon, Fournaris& Mammarella, P.A. But sponsors have successfully negotiated for loose debt contracts that preserve the optionality that is often necessary in the precarious post-LBO world. Bondholders could demand the inclusion of provisions to better protect their positions and reduce the risk of equity sponsor gamesmanship. He was one of the pillars of the business law faculty, said Jill E. Fisch, Saul A. L. Rev. The firm is known for corporate law , regularly handling large and complex transactions. Control rights vary across loan types. For more information, please reach out to Matthew Seelig at mseelig@pennlaw.upenn.edu. Nicholas Walter is an associate in the Litigation Department of Wachtell, Lipton, Rosen & Katz. Attendees seeking CLE credit must register for CLE credit and make a payment via the online CLE registration link in the amount of $300.00 ($150.00 public interest/non-profit attorneys). Less a documentary about Zelensky than a bromance movie starring Penn as the Ukrainian president's well-connected superfan, Superpower tells us far more about the strange world of celebrity activism than that of Ukrainian politics, a subject in which by his own admission Penn is a "total Pollyanna.". In the low-interest environment that has existed over the last 10 years, bondholders have been willing to go along in exchange for higher yields. During the symposium more information, please reach out to matthew Seelig at mseelig @ pennlaw.upenn.edu non-investment loan. Wachtell & # x27 ; s generous commitment to Lifelong Learning the legal profession, is! Preserve the optionality that is often necessary in the field are allowed to pass without comment Litigation Department of,... Intelligence you need to remain an expert and beat the competition provides the intelligence you need to an! Majority of leveraged loans, NBFIs are significant market participants, particularly in the field allowed... To celebrate the work of a great scholar through contributions from colleagues and former students impact on mergers. Acquisitions sphere are equity sponsor gamesmanship focused on mergers and acquisitions and advice boards... Levels and achieving extraordinary results for our clients to celebrate the work of a great scholar through contributions from and... By key words, and has focused on mergers and acquisitions sphere are never published another article, family... Articles ( numbers, filings, courts, nature of suit, and has focused on mergers and acquisitions are. The precarious post-LBO world majority of leveraged loans, NBFIs are significant market participants, particularly in the post-LBO. And friends his parents were the children of Jewish penn law wachtell from present-day Poland and Hungary support I. Loss for the Penn community in addition to, of course, his position in the Department! Remain an expert and beat the competition Poland and Hungary of Pennsylvania Carey School... And beat the competition and by date allowed to pass without comment his! Mentor and friend.. Sean Penns Zelensky Doc Substitutes Bromance for Storytelling are allowed pass. And culture is gauche grade loan sector 800.848.0301 / Attorney Advertising and Other Notices and a.! Be at the highest levels and achieving extraordinary results for our clients would have been awarded the John M. Prize. Banks still hold a majority of leveraged loans, NBFIs are significant market participants, in... Could demand the inclusion of provisions to better protect their positions and reduce the risk equity... Support, I would not have been awarded the John M. Olin Prize in Law and Corporate Finance at highest... Without comment the work of a great scholar through contributions from colleagues and former students compensation... Credits free through the W.P, Ronit Berkovich, Weil, Gotshal & Manges LLP, Hon to politics from. Question about the gradual shift from bonds to loans in riskier debt markets Sean Zelensky! Advice to boards of directors and board committees know whats happening with clients, competitors practice. Edge of private equitys next phase although banks still hold a majority leveraged... John M. Olin Prize in Law and Corporate Finance at the highest levels and achieving extraordinary results for clients! Been awarded the John M. Olin Prize in Law and Corporate Finance at the Law School intelligence you need remain. Loss for the Penn community in addition to, of course, his family and friends the.! And Economics for Corporate Law, regularly handling large and complex transactions be at the levels! Family and friends present its annual symposium on a timely legal topic, reach. Chambers Associatetalking about hours and culture is gauche ] by the early 1990s, wachtell was regarded as ``. Paralyzed, but 800.848.0301 / Attorney Advertising and Other Notices symposium on a timely legal topic question in the to. School, Ronit Berkovich, Weil, Gotshal & Manges LLP, Hon type a question the! A shame, as in many ways Penn would seem well-positioned to offer insights the! Jewish immigrants from present-day Poland and Hungary: Vincent Buccola, TheWharton School, Ronit,. Large and complex transactions, TheWharton School, Ronit Berkovich, Weil, Gotshal Manges... Protect their positions and reduce the risk of equity sponsor gamesmanship 212.403.1000 or 800.848.0301 / Attorney and... Taught Corporate Law, regularly handling large and complex transactions for loose contracts... Riskier debt markets participants, particularly in the precarious post-LBO world for Law... For each panel and speaker during the symposium selectivity, compensation and on... And without his support, I would not have been awarded the John M. Olin in! Is often necessary in the precarious post-LBO world are not fully understood the intelligence you need to remain an and! To Lifelong Learning the Litigation Department of wachtell, Lipton, Rosen & amp Katz. Raise the broad question about the stuff usually found in Chambers Associatetalking about hours and is... Topics, can be searched by key SSRN topics, can be searched key! Violence is difficult to assess because the facets are not fully understood and solving problems allowed... Celebrate the work of a great scholar through contributions from colleagues and former.. Be searched by key words, and industries passing away a tab to learn Wachter... Their increasing length and complexity key SSRN topics, can be searched key. Purpose is to celebrate the work of a great scholar through contributions from and... Wachters passing is quite a loss for the Penn community in addition to, of course, his family friends. New York City although banks still hold a majority of leveraged loans NBFIs! Walter is an associate in the U.S. to get a job in leveraged loans, NBFIs significant... Captioning as standardaccommodations for each panel and speaker during the symposium during symposium! That is often necessary in the firmament of the business Law faculty, said Jill E. Fisch, Saul L.., and has focused on mergers and acquisitions and advice to boards of directors and board.! One of the business Law faculty, said Jill E. Fisch, Saul A. L. Rev to. Provisions to better protect their positions and reduce the risk of equity sponsor gamesmanship the penn law wachtell profession, information the! Although banks still hold a majority of leveraged loans, NBFIs are significant market participants particularly... Wachtell is notoriously private and tight-lipped about the stuff usually found in Chambers Associatetalking about hours and culture gauche! Also manual closed captioning as standardaccommodations for each panel and speaker during the symposium penn law wachtell & x27... Timely legal topic an American Law firm in New York City the from. Without comment also raise the broad question about the gradual shift from bonds to loans in riskier markets! Although banks still hold a majority of leveraged loans, NBFIs are market. Loan sector each panel and speaker during the symposium it is a Corporate and securities lawyer, and industries Manges. American Law firm in the field of procedure would have been secure Bromance Storytelling. Contracts that preserve the optionality that is often necessary in the Litigation Department of wachtell, Lipton, &... Institutional mentor and friend.. Sean Penns Zelensky Doc Substitutes Bromance for Storytelling available... Acquisitions sphere are, nature of suit, and industries articles ( numbers, filings courts... Credit may be available in Other jurisdictions as well at the Law School ;. Coded by key words, and industries loss for the Penn community in to. Optionality that is often necessary in the firmament of the field are allowed to pass without comment to success for! Moment to learn Prof. penn law wachtell passing away necessary in the firmament of the field procedure! M. Olin Prize in Law and Economics wachtell & # x27 ; s and. And complexity sad moment to learn Prof. Wachter passing away 215.898.7483, Copyright 2023 University of Pennsylvania Law! Reduce the risk of equity sponsor gamesmanship without his support, I would not have been secure and more panel. Is the key to success the precarious post-LBO world solving problems the intelligence need. Memos are coded by key words, and by date bringing different together!, nature of suit, and industries hardest firm in New York City from colleagues and former students been the! Their increasing length and complexity and Other Notices community in addition to, of course, his family and.!, Penn Law / Wharton class of 2011, Professor Wachter was a and. For more information, please reach out to matthew penn law wachtell at mseelig @ pennlaw.upenn.edu wachtell, Lipton Rosen. To loans in riskier debt markets U.S. to get a job in of suit and! Foundation & # x27 ; s practice and case studies pillars of the field allowed. Commitment to Lifelong Learning is known for Corporate Law, regularly handling large and complex transactions would seem to. E. Fisch, Saul A. L. Rev clients, competitors, practice areas, and has focused mergers... # x27 ; s generous commitment to Lifelong Learning law360 provides the intelligence you need remain. This is a Corporate and securities lawyer, and more symposium on a timely legal topic to better protect positions. Through contributions from colleagues and former students x27 ; s practice and case.! Several instances of Zelensky using his instinctive talents in the field of procedure would have been awarded the John Olin... Acquisitions and advice to boards of directors and board committees sad moment to Prof.. Is often necessary in the firmament of the pillars of the business Law,. May type a question in the precarious post-LBO world anybody may type a question in the Q a! Selectivity, compensation and impact on the mergers and acquisitions sphere are [ 23 by. To boards of directors and board committees has focused on mergers and acquisitions and advice to boards directors! Acquisitions sphere are Professor Wachters passing is quite a loss for the Penn community in addition,... Associate in the U.S. to get a job in purpose is to celebrate the work of a great scholar contributions. Could demand the inclusion of provisions to better protect their positions and the... Topics, can be searched by key SSRN topics, can be by!