Show me the money!

The US Equal Employment Opportunity Commission has set a precedent for old geezers everywhere by forcing a law firm to remove restrictions on salary for its older partners as they amble slowly to the grave.  The law firm of Kelley Drye & Warren’s previous policy required partners to give up their salary and controlling interest in the firm when they hit 70 years old, taking only an end-of-the-year bonus as compensation while still practicing law.  Eugene D’Ablemont, a partner in the firm, complained about his forced retirement to the EEOC, who then brought suit against Kelley Drye in 2010. After two years of litigation, Kelley Drye decided that it would be cheaper to settle than continue to wage a court battle. They agreed to drop all pay reductions due to age from their policies and will pay D’Ablemont about $570,000.  Sounds like a pretty sweet deal, though it’s kind of a dubious reward for those of retiring age.  If I’m still kickin’ around at age 70, the last thing I’d want to spend my time doing is practicing law at a law firm, however lucrative the pay may be.