Clawback

RECENT NEWS
Forbes  May 28  Comment 
As the Dodd-Frank financial reforms continue to languish in a state of half-implementation in the United States, Wall Street firms are starting to take action themselves to better discipline the wrong-doers in their midst.
Reuters  May 2  Comment 
Hedge fund titan Steven A. Cohen, whose $15 billion firm has been under fire for alleged insider trading, took an unprecedented step when he said on Thursday SAC Capital Advisors would begin clawing back compensation from employees who are found...
Reuters  Mar 27  Comment 
American International Group , the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its board adopted a clawback policy to recover compensation in case of mistakes or wrongdoing.
Wall Street Journal  Mar 15  Comment 
Lazard paid its CEO $8.5 million in 2012, down 5% from the prior year, and set new pay clawback and other compensation-related policies for its top executive officers.
Wall Street Journal  Mar 13  Comment 
Citigroup, Wells Fargo and Capitol One agreed to amend their clawback policies, after negotiations with New York City Comptroller John C. Liu.
StreetInsider.com  Dec 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Chemtura+Corp+%28CHMT%29+Adopts+%27Clawback+Policy%27%3B+Will+Relocate+EVP+Cross/7947677.html for the full story.
Forbes  Nov 15  Comment 
An edited version of this op-ed appeared on Bloomberg View on October 3, 2012.
Forbes  Oct 23  Comment 
Often, after discovering that they were invested in a Ponzi scheme, victims are left in a state of shock wondering how they became embroiled in such a travesty.  Many reflect, concluding in hindsight that the investment was simply ?too good to be...
BusinessWeek  Oct 22  Comment 
The seven Tour de France titles are gone, but he's probably keeping the money
Wall Street Journal  Aug 16  Comment 
Former partners from defunct Dewey & LeBoeuf have agreed to give back at least $50 million in past earnings in exchange for immunity from lawsuits relating to the law firm's demise.




 
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