Clawback

RECENT NEWS
Wall Street Journal  May 6  Comment 
A federal bankruptcy judge said creditors of Adelphia Communications Corp. can't claw back $150 million the failed cable television company paid to a Florida utility in a 1999 stock buyback.
Reuters  Mar 5  Comment 
Victims of Bernard Madoff's epic fraud may be able to recoup only a small portion of the billions of dollars he allegedly funneled to selected customers in the last years of his Ponzi scheme.
New York Times  Dec 28  Comment 
Under the Sarbanes-Oxley law, regulators must clear many hurdles before executives can be required to forfeit pay.     
FiercePharma  Aug 15  Comment 
While other Big Pharma companies may have settled on clawback provisions for executive pay, hoping to inspire top management to toe the compliance line, a similar shareholder resolution at Abbott Laboratories failed. But the New York State...
New York Times  Aug 3  Comment 
Clawbacks, or money returned by an employee committing financial improprieties, are gaining support among investors and companies — though examples are rare.     
Forbes  Jul 30  Comment 
Two institutional investors believe McKesson, which is one of the largest pharmaceutical wholesalers, should have a tougher clawback policy, after paying more than $1 billion in recent years to resolve regulatory and other legal disputes without...
The Globe and Mail  Jun 19  Comment 
If you’re subject to a clawback of Old Age Security (OAS) benefits, consider establishing up a holding company
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...




 
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