Clawback

RECENT NEWS
BusinessWeek  Nov 18  Comment 
Without accusing Ian McCarthy of fraud, the Securities & Exchange Commission cites Sarbanes-Oxley to recover money from the CEO of Beazer Homes USA
Bloomberg  Nov 16  Comment 
(Update4) Beazer Homes USA Inc., the homebuilder that last year settled U.S. allegations that it misstated earnings, said its chief executive officer may be sued by regulators to recover incentive pay he collected.
New York Times  Nov 11  Comment 
Commerzbank will introduce a claw-back option to its bonus system next year as the banking industry aims to stop the short-term risk-taking that helped bring about the financial crisis.
Insurance Journal  Nov 4  Comment 
The U.S. pay czar said Monday that he will determine "in the near future'' how he will use his power to claw back pay at companies that have taken bailout money but is not currently in ...
Insurance Journal  Nov 3  Comment 
A U.S. appeals panel had tough questions Monday for the receiver in Allen Stanford's civil fraud case, who is suing to recover proceeds from several hundred investors in the firm's offshore ...
Reuters  Nov 2  Comment 
A U.S. appeals panel had tough questions on Monday for the receiver in Allen Stanford's civil fraud case, who is suing to recover proceeds from several hundred investors in the firm's offshore bank.
Reuters  Oct 23  Comment 
Pay czar Kenneth Feinberg emphasized on Friday his ability to claw back pay at any company receiving a taxpayer bailout, but said such an extreme action "will be rare and far between."
Sydney Morning Herald  Oct 23  Comment 
The federal government has again warned the states and territories it will not tolerate any attempts to claw back a one-off increase to the aged-care pension.
Bloomberg  Oct 14  Comment 
R. Allen Stanford’s court-appointed receiver should continue to be blocked from suing investors to get back funds they received from an alleged $7 billion Ponzi scheme, U.S. securities regulators told an appeals court.
Bloomberg  Sep 30  Comment 
Kenneth R. Feinberg, the Treasury Department’s special master on compensation, said he is reluctant to impose “clawbacks” to recoup pay from executives when their company’s financial performance falters.
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