INT. EDIE'S APARTMENT
Verbal walks in and sits down on the couch, watching Keaton cautiously. He looks around the large apartment, beautifully furnished and decorated.
VERBAL
Don't tell me you don't need this. Is this your place?
Keaton is unable to answer.
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We might have taken it as an omen last year, when the reception they hosted at Harvard B School's 20th Annual Entrepreneurship Conference featured a cash bar. Things were changing at Testa, Hurwitz & Thibeault .
Testa, Hurwitz & Thibeault, the Boston law firm that advised Red Hat on its 1999 initial public offering and represented
Ximian prior to its acquisition by Novell, has announced it will close its doors at 125 High Street. With the deep pockets of venture capital firms such as Greylock, Charles River Ventures, Battery Ventures and universities like MIT feeding Boston area start-ups, the firm found no shortage of of deals, particularly in the boom days of the stock market. As in the tech sector, however, law firms of late have been going through their own mergers. Bigger firms mean fiercer competition.
Testa, Hurwitz & Thibeault was unable to survive the loss of its founder Richard Testa, who passed away suddenly in 2002.
Testa was known for deals that created companies such as Digital Equipment Corporation and Teradyne. He had worked
with his mentor General Georges Doriot, the man who started the first venture capital firm, American Research and Development (ARD.)
Apparently, no one at THT could fill Testa's shoes and provide the inspiration and leadership essential to retaining the human capital that made the firm what it was. Lawyers started to leave for other firms. Tom Beaudoin jumped ship to become Chair of the Fund Formation Group at
Wilmer Cutler Pickering Hale & Dorr. William Schnoor Jr. left and is expected to join Goodwin Procter LLP in Boston; litigation chair Roger Lane is moving to Greenberg Traurig LLP. Other THT partners have left for Bingham McCutchen and Proskauer Rose.
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Carol Bellamy has served as Executive Director of
the United Nations Children's Fund (UNICEF) for the past ten years. Long a champion to the underdog, she was the first woman
elected City Council President in New York where she took
up many community causes, including saving an abandoned school on the lower eastside
of Manhattan for use as an arts
center that is now internationally known.
For the last week, Ms. Bellamy has patiently provided TV journalists with
caring and experienced insight into a more grim reality than an arts center. On Sunday, from Sri Lanka, she described seeing parents "standing at the edge of the ocean waiting for their children's bodies to come back."
Sunday morning television in the States is time for the weekly news
and political commentary shows. While the broadcast networks often
cover the same topics and events, they typically book a different
assortment of guests to discuss them.
U.N. Secretary-General Kofi Annan appeared on ABC television's
This Week
show with host George Stephanopoulos, former Clinton staffer who figures
prominently in the documentary War Room. Mr. Stephanopoulos commented, during his interview with Secretary-General Annan, that Colin Powell was headed for the disaster region. Secretary
Powell did not appear on the ABC weekly show before leaving for Asia, but on CBS and NBC.
Speaking on Face The Nation[transcript pdf] (CBS News), after Carol Bellamy's brief interview,
Secretary Powell described the problem of "retail distribution" in the affected area.
On NBC's Meet the Press, Powell reiterated the huge logistical challenge of getting supplies to those who need them.
"It's a matter of getting supplies to the region and then, once you get these
supplies to airports and ports, how do you make retail distribution out to the
people in need?"
Commenting on the criticism he and the U.S. administration had received following its
initial response to the disaster, Secretary Powell said,
"There is always some former official around, some Rolodex ranger that always
shows up to criticize what we are doing."
In his book Plan of Attack, Bob Woodward describes Powell's own tension behind the scenes with other members of the administration.
Since announcing his resignation, however, Colin Powell has not slowed down on the job,
nor has he said what he will do after he leaves.
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