---------- ~LL POLITICIANS, SENATOR STANFORD OFTEN TOOK A BEATING IN THE PRESS. BUT WHEN HE SAID HE WOULD BEOUEATH $20 MILLION TO FOUND A UNIVERSITY IN LOVING MEMORY OF HIS SON, THINGS GOT REALLY NASTY. I·A~·~"rc~:nts~a:;;~~~·~~t ~niy And the reporter wasn't ;ealth oan be used to erect an empty ehell aiid to com­ finished. ({ ... we hope that t memorato a 'rich man'. Collv_ - . _. ·,t VI'''' exoect r..,. i Senator Stanford will burn the The New York Commercial Advertiser, will....To create a great university Aladdin- on Senator Stanford'sfoundinggiji of$20 million. like out of money is as useless as support the school you love can sometimes would be the building of an seem like a daunting process. institution for the relief of We're here to make sure that it isn't. destitute ship-captains in The Office of Planned Giving can help the mountains of Switzerland." you with everything from simple bequests to Of course, history has proven the writer charitable remainder trusts. dreadfully wrong. The university flourished, Our staff of attorneys can in large part because of bequests and other prepare draft language for 77Je Office ofPlanned Giving planned gifts from thousands who followed a will or trust, analyze tax can help guideyou and ellSure your 'luis/us are honored. Jane and Leland Stanford's example. implications of various gift options, and answer But still, the reaction to Senator Stanford's any questions you or your advisors might have. original bequest raises a point. That, no matter Call us at (800) 227-8977 ext. 54358, or write us how noble the intention, giving money to at 301 Encina Hall, Stanford, CA 94305. STA:-":FOHI> ()FFI(;E ()F PL;'.:'lNEI> (; I v IN (; The name's the same-Stanford Lawyef-and so are the ever-popular class notes. What's new is the reader-friendly format and focus. 6,Nf()IID LAWYER Let us know what you think. otice anything new? We hope so. Stanford Lawyer, now 30 years and 50 197 0 issues old, has been renovated from the ground up, with the needs and wants of today's alumni firmly in mind. Recognizing that you're a busy person, we are focusing on news that you can use and are unlikely to get elsewhere. And we've put the news up front where you can readily find it. 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Please address them to editor Constance Hellyer: e-mail [email protected]; telephone 650/723-3019; fax 650/725-0253; or write the Communications Office, Crown Quadrangle, Stanford Law School, Stanford, CA 1 9 9 6 94305-8610. ~ STANFORD lAWYlR 0 #51 (Vol. 32, No.1) Fall 1997 Stanford Law School Law and Technology Policy Center Generallnfonnation (650) 725-7788 DEAN (650) 723-2465 [email protected] Paul Brest Law. [email protected] Richard E. Lang Professor of Law Law Fund and Dean Administration (650) 725-8115 ASSOCIATE DEAN (650) 723-2742 Law. [email protected] EXTERNAL RELATIONS Law.Administration@forsythe. Susan S. Bell stanford. edu Robert Crown Law Library (650) 723-2477 COMMUNICATIONS DIRECTOR Admissions [email protected] Ann Dethl fsen (650) 723-4985 [email protected] Natural and Environmental Resources EDITOR Constance Hellyer Law Program Alumni Publications (650) 723-4057 ART DIRECTOR (650) 723-9301 megC©leland.stanford.edu Andrew Danish Law. Alum. [email protected] John M. 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Alonzo Printing is a Ilnion shop that Financial Aid pnnts exclusively on recycled and tree- free papers (650) 723-9247 Law School Web Site using soy-based inks. Law. [email protected] http://www-leland.stanford.edu/ group/law/ Law and Business Program (650) 725-0802 [email protected] 8 FAI L 1997 ISS UE 5 I, F ALL I 9 9 7 14 Tax Reform Five sensible ways to lighten the taxpayer's burden. You mighr never have to file again. by Professor Joseph L. Bankman 18 Professors in Print Some excerpts and a comprehensive bibliography. Compiled by Erika Wayne _____ILLP ART ~,-,-T~S",-----__ 5 __C 0 V -.E _"- _ News Briefs Professor Joseph Bankman Introducing your quickest source on securities fraud ponders our imposing tax system and litigation. This and other news of the School, and how you can suggests some reforms. enjoy its resources and activities. Phowgraph by Richard Morgenstein 23 Classmates & Sidebars Fifty-plus class columns, with sidebars on: a travel maven ... 31 big-city police commissioner 33 stereotype-defying Republican 39 defender of privacy 47 storefront educator 51 twenty-something dean 53 59 In Memoriam 60 Law Gatherings 64 Coming Events "My personal and professional world was broadened more j.Mul"~ by this fellowship year than by any "What I learned about other educational . government as a White ~- ,~ expenenceln •I House Fellow was the key ~.. h my life." to the opportunities that TOM JOHNSON, came my way. " President, CNN White House Fellow 1965-66 GEN. COLIN POWELL, former Chairman of the Joint Chiefs of Staff White House Fellow 1972-73 Become a White House Fellow Since 1965, the White House Fellowships have offered a select group of outstanding men and women a year-long opportunity to participate in government at the highest levels. Between 11 to 19 Fellows are chosen each year to serve as full-time, paid assistants to Cabinet secretaries, executive branch agency heads and senior White House staff. The nearly 500 alumni of the program have gone on to become leaders in all fields of endeavor, fulfilling the fellowship's mission to encourage active citizen hip and service to the nation. SELECTION CRITERIA "The opportunity to • Applicants must be U.S. citizens. • Employees of the federal government are not eligible unless they are learn about varying career military personnel. leadership styles as well • Applicants should be out of school and working in their chosen professions. as understand how our • Applicants are expected to have a record of remarkable achievement government and our early in their careers; the skills required to serve at the highest levels of government; the potential to be leaders in their professions; and a proven military function has commitment to public service. greatly enhanced my • Fellowships are awarded on a strict non-partisan basis. capability to be a FOR MORE INFORMATION corporate leader." Contact the President's Commission on White House Fellowships: 712Jackson Place, NW, PAULA H. CHOLMONDELEY, Washington, DC 20503. Vice President, General Manager, Telephone: (202) 395-4522 Division of Owens·Coming Facsimile: (202) 395-6179 White House Fellow 1982-83 Web: http://www.whitehouse.gov/wh_fellows FA ULTV Professors in the news &on the air denying Ala ka the ley ofColumbia and known for h r lucid lagoon off the Wild­ politi al scientist commentary on Night­ life Refuge. Nelson W. Potsby of line and the NewsHour CD See Report ofthe UC-Berkeley. These with Jim Lehrer. At Special Master. U.s. v. modern essay , like Stanford, she is the Alaska, U.S. Supreme the originals, explore inaugural Stanley Court. October Term, the underlying princi­ Morrison Profe sor 1995.