Three promotions at Mellon Bank that warrant comment

A small announcement in Legal Week, July 27, 2006 at 6, harbors a hat trick of interesting promotions.

The new general counsel, Carl Krasik, will also have responsibility for government affairs (See my post of Aug. 8, 2006 on this trend in Europe.). As for the second point, the former general counsel will take on the role of “special counsel to the chairman.” Is that a genuine position or a retirement perk? And third, the bank appointed its chief auditor to the role of deputy general counsel. Does that suggest that a former in-house lawyer left the department to head audit, and is now the prodigal returning?

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