Clawback

RECENT NEWS
Financial Times  Nov 17  Comment 
Lender seeks legal advice on awards to past executives, including Jain and Ackermann
Financial Times  Nov 15  Comment 
French bank received €2.2bn tax benefit for losses made by rogue trader in 2008
Reuters  Nov 1  Comment 
Switzerland's financial watchdog has scrapped plans that would have allowed the country's biggest banks and insurers to claw back bonuses in the event of staff misconduct.
MarketWatch  Oct 26  Comment 
The Pentagon said Wednesday it has suspended its efforts to recoup re-enlistment bonuses and incentive payments from service members and war veterans who received them erroneously, outlining a series of steps to quell a growing outcry.
MarketWatch  Oct 25  Comment 
U.S. Secretary of Defense Ash Carter vowed Tuesday to resolve a burgeoning controversy over Pentagon efforts to claw back millions of dollars in re-enlistment bonuses from current and former California National Guard soldiers, many of whom served...
New York Times  Sep 30  Comment 
Despite clawback provisions at a number of companies, their actual use is somewhat rare, and they are often too weak to pose much of a punitive threat.
Yahoo  Sep 30  Comment 
Wells Fargo’s $41 million clawback from CEO John Stumpf finally gave the public a measure of satisfaction.
MarketWatch  Sep 27  Comment 
Despite describing Weatherford’s fraud as “major,” SEC says clawbacks not “appropriate in these circumstances.”




 
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