I find this disturbing. So, Sen Schumer's brother is "co-chair of the mergers and acquisitions ...
....practice at Paul, Weiss, Rifkind, Wharton & Garrison." And all the time..... Schumer is "a member of the Senate's Judiciary Committee's antitrust subcommittee."
All this is hush , hush (or.... if you can believe Schumer spokesman Kelly(below), they apparently never talk shop when they're together. Yeeeeeaaaah.)
It only comes to our attention via some obscure public interest blog which blew the whistle on a 45 BILLION ( w. a B) dollar merger ( COMCAST/TIME WARNER) which brother Robert Schumer helped engineer and over which other brother Charles Schumer's subcommittee has jurisdiction.
Sen Schumer recused at that point. But only after the connection hit "above the surface" media.
But the entire set-up is suspect, to say the least. Wouldn't James' relationship to Charles be a *huge* come-on in terms of marketing his services as a "merger and acquisition" lawyer. ( "I can get this approved because my brother is.... yada yada yada."
Not that he even has to SAY it.
Don't know if NYC Corporate media has picked it up. I'm guessing *not*. ( Hmmmm....if not, WHY not?)
This is from Houston Chronicle.
http://www.chron.com/news/us/article/NY-s-Schumer-recuses-from-review-of-cable-deal-5245948.phpALBANY, N.Y. (AP)
— U.S. Sen. Charles Schumer said Tuesday he is recusing himself from any role Congress plays in Comcast Corp.'s planned acquisition of rival Time Warner Cable Inc. after learning his brother was one of the lead lawyers behind the $45 billion deal.
Federal regulators and lawmakers will scrutinize how the acquisition would affect competition and consumers, issues that could have come before the New York Democrat as a member of the Senate's Judiciary Committee's antitrust subcommittee.
Schumer's office said he didn't know his brother Robert represented Time Warner Cable in the talks until The American Lawyer reported Friday he was the publication's "dealmaker of the week." Robert Schumer is "co-chair of the mergers and acquisitions practice "at Paul, Weiss, Rifkind, Wharton & Garrison.
"Senator Schumer has not discussed this matter with his brother at all," said spokeswoman Meredith Kelly. "He found out that his brother was involved with the deal on Friday, upon being shown The American Lawyer story, and made a decision to recuse himself from all aspects of the deal in order to avoid even an appearance of conflict of interest."
Robert Schumer's role in the deal was first reported by the blog littlesis.org, a project of the nonprofit Public Accountability Initiative.
According to Robert Schumer's resume on the law firm's website, he has worked on a number of major deals involving Time Warner, including its spinoff of Time Warner Cable in 2009.
When the cable deal was announced Thursday, Schumer's office issued a statement saying he had gotten a commitment from a top Comcast executive that the company would go ahead with plans announced by Time Warner to open a new call center that would employ 250 to 300 people in Buffalo.
While the statement focused on the western New York jobs, Schumer also said he urged the company "to maintain the entire TWC workforce in New York and consider adding to their presence."
He added that "while there was no guarantee, my expectation is that Comcast will invest in New York, as they did after the merger with NBC, and the results of the merger will be positive for New York."
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