| 单词 | clawback |
| 例句 | "Clearly, the whole purpose of clawbacks is if you make a bad bet that results in losses, compensation should be clawed back." FBI probes JPMorgan, shareholders back Dimon 2012-05-16T10:22:03Z Earlier this year, the Justice Department rolled out a new clawback program designed to have executives foot the bill for misconduct. US to give credit to firms that disclose misconduct of companies they buy 2023-10-04T04:00:00Z Britain's government also said a new automatic clawback mechanism "means the UK will be compensated should UK scientists receive significantly less money than the UK puts into the programme". Factbox: Horizon project: Which EU science schemes has Britain joined? 2023-09-07T04:00:00Z The government said Britain would not pay for the time it had been frozen out, and a "clawback" mechanism would compensate Britain if UK scientists received significantly less money than the government put in. Britain rejoins EU's Horizon science programme in further boost for ties 2023-09-07T04:00:00Z “All of our clients are evaluating their existing clawback policies and determining if any changes need to be made,” she said. More big corporate settlements coming, says departing U.S. Justice Dept official 2023-08-07T04:00:00Z Without the green energy clawback, the total cost of the $237 billion tax cut package could run afoul of the debt limit agreement. GOP’s tax bill gives over $200 billion in cuts, punishes Chinese and Russian land grabs in U.S. 2023-06-17T04:00:00Z Monaco on Wednesday pointed to last week's settlement with Albemarle Corp in which the firm received a clawback credit for withholding bonuses of employees who engaged in the misdeeds. US to give credit to firms that disclose misconduct of companies they buy 2023-10-04T04:00:00Z They let Mr. McCarthy’s team claim in the end that the deal included deep spending cuts, huge clawbacks of unspent federal coronavirus relief money and stringent work requirements for recipients of federal aid. Biden’s Debt-Deal Strategy: Win in the Fine Print 2023-06-03T04:00:00Z The clawback will eat into the tax collection agency’s efforts to crack down on rich tax cheats. New Details in Debt Limit Deal: Where $136 Billion in Cuts Will Come From 2023-05-29T04:00:00Z Democrats are open to a COVID-19 funding clawback, provided it doesn’t impact money already promised to state and local governments. Side deal to fast track energy projects, expand power grid emerges in debt limit wrangling 2023-05-17T04:00:00Z Democrats are open to the clawback, provided it doesn’t impact money already promised to state and local governments. McCarthy optimistic House GOP will avert default, cut spending in the showdown with Biden 2023-05-17T04:00:00Z Democrats are open to the clawback, provided it doesn’t impact money that has already been promised to state and local governments. McCarthy calls for White House to be ‘willing partners’ ahead of debt limit meeting with Biden 2023-05-15T04:00:00Z In their annual reports, the advisors would be required to include information relating to their strategies, use of leverage, and clawbacks of a general partner's performance compensation. U.S. SEC to vote on boosting disclosures by private funds, hedge funds 2023-05-02T04:00:00Z Still, because of the leeway that the I.R.S. has over how and when it spends the money, the clawback might not affect the agency’s plans in the next few years. New Details in Debt Limit Deal: Where $136 Billion in Cuts Will Come From 2023-05-29T04:00:00Z Under U.S. bankruptcy law, payments made within 90 days of a Chapter 11 bankruptcy filing could be subject to a "clawback order", meaning researchers could be asked to hand back grants. Collapse of FTX deprives academics of grants, stokes fears of forced repayment 2023-04-06T04:00:00Z Meanwhile, Bloomberg reports that the F.D.I.C. is considering a special charge on big banks to replenish its deposit insurance fund, and lawmakers are working on a bipartisan bill to allow compensation clawbacks from bank executives. Bob Iger Ousts a Marvel Antagonist 2023-03-30T04:00:00Z “I think we can do the clawbacks. I think that may be bipartisan, and we may be able to do that, the clawbacks from the executives,” Brown said. Analysis | Today’s Congress might be incapable of compromise to save banking system 2023-03-18T04:00:00Z Regulators’ current clawback powers are limited to the largest banks; Mr. Biden would expand them to cover banks the size of Signature and Silicon Valley Bank. Biden Asks Congress for New Tools to Target Executives of Failed Banks 2023-03-17T04:00:00Z Senator Elizabeth Warren, Democrat of Massachusetts, and others are demanding a clawback of the executives’ bonuses and the profits they made from selling shares in the bank in the weeks before its failure. New Questions About Goldman Sachs’s Work With Silicon Valley Bank 2023-03-15T04:00:00Z "It's really unclear at this early stage of the proceedings how aggressively the FTX trustee will pursue the smaller clawback claims," he said. Collapse of FTX deprives academics of grants, stokes fears of forced repayment 2023-04-06T04:00:00Z Will the fees be thrown into the clawback debate? Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal 2023-03-15T04:00:00Z On Friday, McCarthy declined to comment on the clawback proposal or any other federal legislative remedy, instead focusing on how “California regulators” should have done a better job overseeing SVB’s finances. Analysis | Today’s Congress might be incapable of compromise to save banking system 2023-03-18T04:00:00Z “Unless the contract includes a clawback, places like that may be out of luck,” said Good Jobs First Executive Director Greg LeRoy. Amazon’s belt-tightening affects towns across the U.S. 2023-03-07T05:00:00Z Easterbrook ended up giving back $105 million in cash and stock he was awarded at the time of his ouster, in one of corporate America’s biggest clawbacks. Gen Z, young millennials are normalizing dating co-workers 2023-02-13T05:00:00Z Legislation protects religious groups and charities from bankruptcy clawbacks with limited exceptions, and courts rarely take back those kinds of donations. Carlyle Taps a Former Goldman Executive to Fill Its Leadership Void 2023-02-06T05:00:00Z Senator Elizabeth Warren, Democrat of Massachusetts, and others are demanding a clawback of the bonuses the bank paid to its executives and the profits they made from selling stock. Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal 2023-03-15T04:00:00Z Medicare Advantage plans also face potentially hundreds of millions of dollars in clawbacks from a set of unrelated audits conducted by the Health and Human Services inspector general. Government lets health plans that ripped off Medicare keep the money 2023-02-01T05:00:00Z When it goes into effect later this month, it will require registered companies to develop clawback policies. Just How Common Is Corporate Fraud? 2023-01-14T05:00:00Z If Binance or its executives knew that FTX or its executives were committing fraud, then a clawback would possibly be allowed. Why This Is No Madoff Moment for FTX Creditors 2022-12-20T05:00:00Z Charities are vulnerable to clawbacks when donors go bankrupt, said Jason Lilien, a partner at the law firm Loeb & Loeb who specializes in charities. How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I. 2022-12-01T05:00:00Z In cases involving fraud, the clawback period can be extended for years. Explainer-What's next in FTX's bankruptcy 2022-11-16T05:00:00Z The Securities and Exchange Commission said Wednesday that it has adopted a rule that calls on national securities exchanges to require the companies whose stock they list to comply with the new compensation clawback policy. Executives could forfeit some compensation under new rule 2022-10-26T04:00:00Z Even the biggest chunk of the revenue raisers — on megacorporations — is effectively only a partial clawback of the huge GOP corporate tax cuts passed in 2017. Opinion | Ignore GOP scaremongering about Dems’ tax plans. They’re worth doing. 2022-08-01T04:00:00Z “The bill contains no return-on-investment mandate or clawback provisions to keep grant recipients—massive corporations—accountable,” he wrote. Senate advances $52 billion bill to seed U.S. semiconductor manufacturing 2022-07-26T04:00:00Z Companies that receive venture investments from bankrupt companies may be in a somewhat stronger position than charities, but they are also vulnerable to clawback claims, he said. How the Collapse of Sam Bankman-Fried’s Crypto Empire Has Disrupted A.I. 2022-12-01T05:00:00Z The inspector general at the Labor Department, which oversees the unemployment program, reported last week that it recovered $90 million in clawbacks, fines, penalties and forfeitures from Oct. GOP challenges Biden’s new pandemic prosecutor 2022-05-31T04:00:00Z The leaked Supreme Court decision of last week, with its ominous potential to enable the clawback of even more existing rights, is a consequence of the wall of separation's reduction to smoldering rubble. How Democrats dumped secularism, found God — and doomed Roe v. Wade 2022-05-14T04:00:00Z Such a finding would warrant a clawback of some of the state’s coronavirus aid, the group has argued, since federal law prohibits the government from providing help to state agencies engaging in abuse. How federal pandemic aid helped Texas pay for its border crackdown 2022-05-06T04:00:00Z They fear that the rhetoric and legislation will continue to barrel forward across the country, leading to a clawback of important protections. ‘Bigotry does not know state borders’: Anti-LGBTQ legislation troubles queer, trans Angelenos 2022-04-26T04:00:00Z The plans are expected to include the Treasury's "rebate and clawback" scheme, which would involve providing around £5-6bn in loans to energy firms to enable them to lower bills from April - possibly by about £200. Millions brace as energy price rise to be revealed 2022-02-02T05:00:00Z The government's "rebate and clawback" loan scheme to ease energy costs, first revealed in The Times , would involve companies passing on the money to households to limit April's rise. Households to get £200 help to ease energy bill rise 2022-02-02T05:00:00Z The clawback of his compensation, while large, is not the biggest in corporate history, although many earlier situations involved allegations of financial or accounting fraud. Former McDonald’s C.E.O. Repays Company $105 Million 2021-12-16T05:00:00Z The clawback cost the company 85 million euros. Iberdrola sees no further impact from Spain's profit grab 2021-10-27T04:00:00Z That is why tougher regulatory clawback tools are important, say experts. In corporate crackdown, U.S. SEC takes aim at executive pay 2021-10-22T04:00:00Z De León added that in general, he has no problem with “clawbacks” of HHH funding. L.A. panel opposes yanking funds for Chatsworth homeless housing project 2021-05-13T04:00:00Z “The state would be at risk of having a massive amount of money subject to a federal clawback.” Unintended consequences: Dems rush to fix mistakes in relief package 2021-03-21T04:00:00Z There is no clawback, unless someone fraudulently obtained a payment. Perspective | Tax season 2021: A tornado is coming 2021-02-12T05:00:00Z In Martinsville, one clawback triggered a complicated fight after a medical school venture fell apart. Tobacco commission grants can leave communities on the hook 2020-10-10T04:00:00Z Reuters could not ascertain how frequently overall the SEC was proposing clawbacks in settlement discussions. In corporate crackdown, U.S. SEC takes aim at executive pay 2021-10-22T04:00:00Z The report added that it does not appear that there was a "clawback" clause that would have required the company to pay back the taxes. GOP candidate John James’ companies hit with tax liens, got tax breaks for jobs they didn't create 2020-08-28T04:00:00Z “HHS or Congress could clawback some portion of the relief funds from non-COVID areas,” the document says. Nursing home companies accused of misusing federal money received hundreds of millions of dollars in pandemic relief 2020-08-04T04:00:00Z “This is not a bill about a clawback for the Clark County school district to secure money for schools,” Vellardita said. Nevada Legislature pumps brakes after COVID-19 case reported 2020-07-11T04:00:00Z A spokesperson for Planned Parenthood Federation of America, the vice-president of government relations, Jacqueline Ayers, called the clawback, “a clear political attack on Planned Parenthood health centers and access to reproductive healthcare”. US anti-abortion groups received millions in federal Covid-19 aid 2020-07-08T04:00:00Z When properly enforced, clawbacks can improve accountability in an era where writing checks to appease regulators is seen by companies as a cost of doing business, say advocates. In corporate crackdown, U.S. SEC takes aim at executive pay 2021-10-22T04:00:00Z Then, of course, there are the duplicate payments for Pandemic Unemployment Insurance and Federal Pandemic Unemployment Compensation that were made and then that June 10 clawback which was made without Gov. Laura Kelly’s consent. Recent Kansas editorials 2020-06-30T04:00:00Z Pulling the plug might be more prudent than seeking another clawback on a yet-to-be-built facility. Editorial Roundup: Ohio 2020-06-22T04:00:00Z Without consulting the governor, the department on Thursday began reversing those duplicate payments, a process known as clawback, that caused some bank accounts to be overdrawn. Kansas labor secretary resigns amid unemployment missteps 2020-06-22T04:00:00Z A clawback of Mr. Janus’ past dues would be a game-changer, Mr. Mix said. After Janus ruling, worker asks Supreme Court for return of paid union dues 2020-03-15T04:00:00Z Over the past decade, investors have pushed for corporate clawback policies for a range of missteps, but companies have struggled to get the cash back once it is out the door, said Coffee. In corporate crackdown, U.S. SEC takes aim at executive pay 2021-10-22T04:00:00Z Ms McGeough-Adams said: "HSBC needs to urgently end the injustice of its clawback policy which is causing many people to have to choose between food or fuel in their retirement." Pensioners take protest to HSBC meeting 2019-04-11T04:00:00Z It proposed clawback authority beyond the current improper payment structure. Chuck Grassley, Pat Toomey find Medicaid waste, fraud stunning 2019-03-17T04:00:00Z The IDA says it will now seek a clawback of tax incentives already granted during the first five years of the deal. Agency rescinds tax breaks due to company’s job cuts 2019-03-07T05:00:00Z The clawback "penalises the lowest paid, creating financial hardship" and creates "indirect discrimination" as the majority of lower-paid staff are women, the campaign group says. HSBC fights back in £450m pension row 2019-03-06T05:00:00Z While it puts the responsibility of implementing and enforcing the clawbacks on companies and exchanges, Lee said it could be a "powerful" accountability tool. In corporate crackdown, U.S. SEC takes aim at executive pay 2021-10-22T04:00:00Z The campaigners call the practice "clawback" - the bank calls it "state deduction" - and argue it was not properly described to them. Pensioners take protest to HSBC meeting 2019-04-11T04:00:00Z Officials say so called “clawback” provisions are included in the package. City, county incentives part of FedEx Logistics HQ deal 2019-02-15T05:00:00Z The forfeiture and clawback provision could cover about five top current and former executives at the bank, said a person familiar with the matter but not authorized to speak publicly on board matters. Goldman Sachs Suggests Current and Former Executives Could Lose Money Over 1MDB 2019-02-01T05:00:00Z The bank said the scheme is not "unfair, disproportionate or discriminatory" and argues that describing it as "clawback" is not justified as the sums are not withheld or clawed-back. HSBC fights back in £450m pension row 2019-03-06T05:00:00Z Last week, the SEC reopened to public comment an additional clawback rule it first proposed in 2015 but never finalized. In corporate crackdown, U.S. SEC takes aim at executive pay 2021-10-22T04:00:00Z The state has also implemented “clawback” provisions that require Foxconn to pay back money if the company fails to meet the thresholds. AP FACT CHECK: Walker, Evers make misleading debate claims 2018-10-26T04:00:00Z In other words, these are largely not new positions, and there are no clawbacks built into the deal if the jobs don’t materialize. Ford demands millions from taxpayers to rehab icon of Detroit's blight 2018-10-15T04:00:00Z The bank said the clawback provision would give the board the “flexibility to reduce the size of the award” to senior executives, if necessary, as a result of the 1MDB case. Goldman Sachs Suggests Current and Former Executives Could Lose Money Over 1MDB 2019-02-01T05:00:00Z But the deal didn’t include any oversight or clawbacks. Big promises for a thriving urban core in Detroit vanish in a swath of parking lots 2018-10-08T04:00:00Z It is based on the principle of targeting all individuals in a community unconditionally, regardless of income, without clawbacks. Basic income: A no-brainer in economic hard times 2018-08-08T04:00:00Z Counter-tariffs, clawback sanctions and other economic tools that Europe is considering are hardly sustainable, unlikely to force Trump to back down and will damage both the European Union and US economies. Dear Europe, if you want stop Trump, sanction his companies | Keith Ellison 2018-06-22T04:00:00Z As a state legislator, he voted in 2016 against bipartisan “clawback” legislation that would have allowed Indiana governments to recoup financial incentives given to companies that move jobs abroad. Indiana candidate’s rhetoric, business record don’t line up 2018-05-01T04:00:00Z ISS also recommended “cautionary support” for the company’s say-on-pay resolution, noting the compensation committee’s decision to not pay annual incentives, steps to adjust incentive metrics and strengthen clawback provisions. Proxy adviser ISS recommends against five Equifax directors over... 2018-04-14T04:00:00Z But they debunk the perception that clawbacks are rare. Patients overpay for prescriptions 23% of the time, USC analysis shows 2018-03-14T04:00:00Z The measure passed last week by the Republican-led chamber prohibits gag clauses and clawbacks, two practices called into question amid the rising prices of prescription drugs. NY Legislature OKs consumer prescription drug protections 2018-03-12T04:00:00Z Byron Callan, an analyst at Capital Alpha LLC, said the Trump administration’s focus on encouraging military spending to grow sales and employment meant clawbacks in the short term were unlikely. U.S. Defense Firms Want to Keep Tax Windfall 2018-01-29T05:00:00Z The bill includes a clawback provision that would allow the state to recover tax credits if the company fails to hire at least 40,000 people with average compensation of $100,000 a year. A $5 billion carrot: Larry Hogan’s historic offer to win Amazon HQ2 2018-01-21T05:00:00Z Testifying before a House panel on Wednesday, Fed Chair Janet Yellen sidestepped a question about the Senate bill’s potential clawback provision. Analysis | The Finance 202: Trump and GOP blowing through yellow lights on way to massive tax overhaul 2017-11-30T05:00:00Z Steve Hoffart, who owns Magnolia Pharmacy, an independent compounding and retail pharmacy in Magnolia, Texas, said clawbacks are still happening — even though Texas legislators passed a law to prohibit them. Patients overpay for prescriptions 23% of the time, USC analysis shows 2018-03-14T04:00:00Z The measure also prohibits PBMs from contract clawbacks, a potential moneymaker for a PBM when a patient pays a pharmacy a copayment that is more than the actual cost of the drug. NY Legislature OKs consumer prescription drug protections 2018-03-12T04:00:00Z The deal included a so-called clawback measure that would require him to return the money if he discussed his claims with outsiders, Ms. Padilla testified. Judge Tells Uber Lawyer: ‘It Looks Like You Covered This Up’ 2017-11-29T05:00:00Z Speaking on conservative talk shows the day following the announcement of the deal, Walker said “clawbacks” and “safeguards” were in place. Foxconn's $10bn move to the US is not a reason to celebrate 2017-07-29T04:00:00Z It is worth noting, then, that the Wells Fargo clawback probably wouldn’t have occurred if the Financial Choice Act, the deregulatory bill that passed in the House of Representatives on June 8, had been law. Meet the Legislation Designed to Stifle Shareholders 2017-06-16T04:00:00Z United’s most recent proxy statement, for example, says that compensation is subject to clawbacks “in certain financial restatement situations.” How Badly Must a C.E.O. Behave Before His Pay Is Clawed Back? 2017-06-09T04:00:00Z “In the context of executions, we have never seen a clawback,” said Megan McCracken, who specializes in lethal injection litigation at the law school of the University of California, Berkeley. Arkansas Judge Moves to Block Executions 2017-04-14T04:00:00Z “Despite the clawback, I still feel that Stumpf is getting off easy,” said Sarah Anderson, global economy project director for the Institute for Policy Studies, a social justice think tank. Wells Fargo orders former senior executives to pay back $75 million 2017-04-10T04:00:00Z The latest clawbacks were announced as the bank published a 110-page report on the causes of the scandal. Wells Fargo claws back another $75m from former bosses - BBC News 2017-04-10T04:00:00Z Along with the millions clawed back from other executives earlier this year, the roughly $180m in clawbacks are among the largest in US corporate history. Wells Fargo takes back $75m from ex-executives after fake accounts scandal 2017-04-10T04:00:00Z Shareholders of Caterpillar, the heavy-equipment maker whose offshore tax practices are under investigation by federal authorities, will vote on clawbacks this year. Shareholder Proxies Could Be the New Regulators 2017-03-24T04:00:00Z Not one major criminal prosecution or clawback of compensation happened. Vote: How'd President Obama do on the economy? 2017-01-06T05:00:00Z Not even the NSA disclosures of Edward Snowden nor the revelations that the drone strikes had killed a 16-year old American boy prompted much clawback. Obama's legacy: the promises, shortcomings and fights to come 2017-01-03T05:00:00Z But property taxes in Dallas are already capped, the city’s borrowing capacity is limited, and retirees would surely litigate any clawback. Dallas Stares Down a Texas-Size Threat of Bankruptcy 2016-11-20T05:00:00Z “We need a change in corporate philosophies and the right legislation to address loopholes and ensure transparency,” Ms. Vestager said when announcing the tax clawback against Apple in August. Dublin Appeals $14.3 Billion Tax Charge Against Apple 2016-11-09T05:00:00Z Tejal Patel, corporate governance director at Change to Win Investment Group, said her group put forward a shareholder proposal on clawbacks for this year’s annual meeting. Shareholder Proxies Could Be the New Regulators 2017-03-24T04:00:00Z The agency’s remaining tasks under the law include completing rules requiring companies to report how executive pay is linked to performance and to outline their policies on clawbacks and hedging and how they are enforced. Election Marks Crossroads for SEC 2016-11-07T05:00:00Z "Banks are nonetheless urged to check whether a clawback is possible in cases of violations, or specifically whether they are able to sue for damages." Swiss scrap plans for bonus clawback at banks and insurers 2016-11-01T04:00:00Z The scandal has also triggered monetary penalties, compensation clawbacks, lost business and damage to Wells Fargo's reputation. Wells Fargo shareholders await word from Buffett as November nears 2016-10-28T04:00:00Z The probe marks the latest setback for the bank in a growing scandal that led to the abrupt retirement of its chief executive officer, compensation clawbacks, lost business and damage to its reputation. Wells Fargo Under Investigation in California Over Phony Accounts Scandal 2016-10-19T04:00:00Z Nevertheless, shareholders may be able to improve clawback policies at two big companies this year: Verizon and Caterpillar. Shareholder Proxies Could Be the New Regulators 2017-03-24T04:00:00Z The clawback of both Mr. Stumpf’s compensation and that of Carrie L. Tolstedt, who until recently ran Wells Fargo’s retail banking division, was a move that members of the Senate panel suggested last week. California Suspends Ties With Wells Fargo 2016-09-28T04:00:00Z The politicians claim to want compensation clawbacks, but what they really want are heads on pikes. Wells Fargo’s Political Sacrifice 2016-10-12T04:00:00Z Stumpf agreed last month to surrender stock grants valued at $41 million — another highly unusual move on Wall Street, where clawback provisions have been widely adopted but are seldom deployed. Wells Fargo chief John Stumpf abruptly steps down 2016-10-12T04:00:00Z Stumpf and Tolstedt have seen earnings clawbacks, and the company's stock closed Tuesday nearly 11 percent lower than where it ended August – before the scandal was made public in September. Wells Fargo's Woes May Be Tip of the Iceberg 2016-10-12T04:00:00Z Under her "clawback" plan, companies would pay a penalty for offshoring. Trump's Trade Fantasy 2016-10-05T04:00:00Z Days after the hearing Stumpf suggested to the Wells Fargo compensation board that they clawback his pay. Wells Fargo problems far from over as investigations and lawsuits expand 2016-10-01T04:00:00Z If the goal is to keep corporate executives honest, compensation clawbacks aren’t doing the job. Executive Pay Clawbacks Are Gratifying, but Not Particularly Effective 2016-09-30T04:00:00Z When the Wells Fargo clawbacks were announced on Tuesday, the board’s lead independent director, Stephen Sanger, noted that the board reserves an option for further clawbacks pending the investigation. 'Too big to manage': Wells Fargo cuts not enough for outraged US Congress 2016-09-29T04:00:00Z She declined to say whether steps taken by Wells Fargo, including the $41 million clawback, were sufficient. Wells Fargo chief Stumpf heads to Hill with pressure mounting 2016-09-29T04:00:00Z The company's independent board members have also launched an investigation into the case and have said that more clawbacks could follow. Critics say Wells Fargo CEO should forfeit more than $41 million after sales scandal 2016-09-28T04:00:00Z Warren called these clawbacks in pay a “small step in the right direction”. Wells Fargo problems far from over as investigations and lawsuits expand 2016-10-01T04:00:00Z Steven A. Bank, a law professor at the University of California, Los Angeles, and an expert on executive pay, said he was unsurprised that clawbacks are so rare. Executive Pay Clawbacks Are Gratifying, but Not Particularly Effective 2016-09-30T04:00:00Z Wells Fargo’s clawback policy is very strong and thorough in listing what can trigger a clawback of executive pay, according to Matt Moscardi, head of financial sector research at MSCI. 'Too big to manage': Wells Fargo cuts not enough for outraged US Congress 2016-09-29T04:00:00Z I’m certainly for clawbacks of cash from CEOs who weren’t watching the till, as well as higher capital requirements, and new ways of thinking about how banks hold risk. The Wells Fargo Scandal Is a Bad Sign for Our Big Banks 2016-09-28T04:00:00Z "The Wells Fargo board invoked clawbacks after the bank took a public beating in Congress and just before it was scheduled to take another, probably more severe beating." Critics say Wells Fargo CEO should forfeit more than $41 million after sales scandal 2016-09-28T04:00:00Z In their announcement, Wells Fargo’s independent directors said the pay clawbacks did not preclude the board from pursuing more salary clawbacks from Stumpf or Tolstedt. Making them pay: Wells Fargo orders CEO John Stumpf to pay back $41 million 2016-09-28T04:00:00Z After the financial crisis, lawmakers went further, tasking the S.E.C. and other major financial regulators with writing new rules that would require companies to institute clawback policies of their own. Executive Pay Clawbacks Are Gratifying, but Not Particularly Effective 2016-09-30T04:00:00Z Even as lawmakers called for clawbacks, experts expressed some doubt over whether the bank would be willing to enact them. 'Too big to manage': Wells Fargo cuts not enough for outraged US Congress 2016-09-29T04:00:00Z Republican Sen. Bob Corker of Tennessee said at a Banking Committee hearing where Stumpf testified last week that it would be "malpractice" if Wells Fargo didn't institute any compensation clawbacks. Wells Fargo claws back part of CEO, other executive's salary 2016-09-28T04:00:00Z Many large companies have adopted clawback provisions at the urging of regulators and shareholder advocates, but boards have been hesitant to invoke them. Wells Fargo to Claw Back $41 Million of Chief’s Pay Over Scandal 2016-09-27T04:00:00Z The board also reserved the right for further clawbacks pending the results of its investigation. Wells Fargo executives forfeit millions, CEO to forgo salary amid investigation 2016-09-27T04:00:00Z Or a company will require clawbacks only if the pay was based on inaccurate financial disclosures. Executive Pay Clawbacks Are Gratifying, but Not Particularly Effective 2016-09-30T04:00:00Z But if it turns out she was, in effect, forced to resign for her involvement in the bogus account scandal, the bank should have said so, withheld her pay and started clawback proceedings. Wells Fargo Tests Justice Department’s Get-Tough Approach 2016-09-22T04:00:00Z Stumpf repeatedly declined to take a position, saying any decisions about clawbacks will be left to a committee within Wells Fargo’s corporate board. Wells Fargo could take back more than $50 million from embattled CEO 2016-09-24T04:00:00Z The Wells Fargo clawbacks came one week after a blistering Senate Banking Committee hearing in which lawmakers criticized the company and its board for not quickly holding leaders financially accountable for the scandal. Wells Fargo to Claw Back $41 Million of Chief’s Pay Over Scandal 2016-09-27T04:00:00Z Sen. Bob Corker, R-Tenn., said the company would be engaging in "malpractice" if there wasn't some sort of public clawback of executive compensation. 5 Things to Know About the Economy 2016-09-23T04:00:00Z And the clawback decision came from a board under duress. Executive Pay Clawbacks Are Gratifying, but Not Particularly Effective 2016-09-30T04:00:00Z Mr. Cook, in an interview with the Irish broadcaster RTE, said Europe’s tax clawback was political motivated, “maddening” and would be overturned on appeal. Ireland to Appeal Tax Ruling in Apple Case 2016-09-02T04:00:00Z Senators also want executive-pay clawbacks, though the scandal has hardly dented bank earnings. Whipping Wells Fargo 2016-09-20T04:00:00Z Sen. Bob Corker, R-Tenn., suggested Wells Fargo would be engaging in "malpractice" if some sort of earnings clawback from high-ranking executives didn't take place. Warren Demands Wells Fargo CEO's Resignation 2016-09-20T04:00:00Z And though the idea of a clawback provision has been around since at least 2002, it remains a rare practice that hasn't gotten much high-profile attention from the general public. In Wells Fargo hearing, executive pay ‘clawbacks’ are likely to take center stage 2016-09-19T04:00:00Z Another element of discretion inherent in clawback programs relates to the board’s judgment over whether any wrongdoing has a material impact on the company. Executive Pay Clawbacks Are Gratifying, but Not Particularly Effective 2016-09-30T04:00:00Z Some clawbacks are initiated by the Securities and Exchange Commission as part of regulatory actions. Wells Fargo scandal puts focus on 'clawbacks' of executive compensation 2016-09-19T04:00:00Z Five Democratic senators wrote to Stumpf on Friday asking whether the bank would use clawback provisions to recover compensation paid to Tolstedt and other top executives. House committee launches investigation into Wells Fargo sales tactics 2016-09-16T04:00:00Z There were no clawbacks of outrageous compensation even as millions of average Americans were ruined. How the Wells-Fargo scandal happened — and will again 2016-09-15T04:00:00Z Corporate governance experts and executive compensation consultants say that under Wells Fargo's own clawback provisions, it appears the bank could make a case for taking back executives' pay. In Wells Fargo hearing, executive pay ‘clawbacks’ are likely to take center stage 2016-09-19T04:00:00Z As the Wells Fargo case shows, clawback policies have not proven to be the punitive threat to managers that some thought they would be. Executive Pay Clawbacks Are Gratifying, but Not Particularly Effective 2016-09-30T04:00:00Z “In other words, these clawback provisions are designed to prevent exactly what happened with Ms. Tolstedt,” the senators wrote in their letter. Wells Fargo scandal puts focus on 'clawbacks' of executive compensation 2016-09-19T04:00:00Z Lew did not discuss whether prosecutions were warranted, but said no executive was "too big to jail," and declined to discuss whether a clawback from Tolstedt was warranted. U.S. Treasury's Lew faults 'bad behavior' at Wells Fargo 2016-09-13T04:00:00Z The companies themselves have all launched vigorous defenses, underscored by Apple’s response Tuesday to the EU’s tax clawback decision. EU Looks to Rein In Alleged Excesses of U.S. Tech Giants 2016-08-31T04:00:00Z Johnson fears clawbacks could become politically driven and, while well-intentioned, could have unexpected consequences. In Wells Fargo hearing, executive pay ‘clawbacks’ are likely to take center stage 2016-09-19T04:00:00Z Such comparisons may have been a factor in the board’s initial reluctance to pursue clawbacks. Executive Pay Clawbacks Are Gratifying, but Not Particularly Effective 2016-09-30T04:00:00Z For now, clawbacks aren’t common and often have gone undetected by shareholders and the public unless they stem from a high-profile incident. Wells Fargo scandal puts focus on 'clawbacks' of executive compensation 2016-09-19T04:00:00Z And, in that competition, any bank that insisted on clawbacks would be at a disadvantage. Why Banks Don’t Play It Safe, Even When It Costs Them 2016-04-25T04:00:00Z The clawback provision, for example, covers a relatively long period of time — seven years — but banks will be able to determine when to use it, he said. Regulators introduce new rules to curb Wall Street pay 2016-04-21T04:00:00Z But Democrats disagree and say they’ll resist those clawbacks again this time. GOP revives cuts to commissioner pay, campaign subsidies 2016-04-14T04:00:00Z It also eliminates a recession-era clawback of some aid that hit suburban districts the hardest and provides greater help for schools in poor districts. A look at New York’s new $156 billion state budget 2016-04-01T04:00:00Z In April, U.S. regulators proposed stronger new rules governing clawbacks – especially at banks and other financial institutions – as part of the Dodd-Frank reforms that grew out of the financial crisis. Wells Fargo scandal puts focus on 'clawbacks' of executive compensation 2016-09-19T04:00:00Z So, all else being equal, prospective employees would almost certainly opt for a contract that didn’t include the threat of clawbacks over one that did. Why Banks Don’t Play It Safe, Even When It Costs Them 2016-04-25T04:00:00Z The new federal spending would be paid for with tax revenue from a "clawback" tax on companies that outsource jobs or facilities abroad, an idea Clinton proposed in March. Hillary Clinton tries to win New York primary by reminding voters of her congressional record 2016-04-01T04:00:00Z The new federal spending would be paid for with tax revenue from a “clawback” tax on companies that outsource jobs or facilities abroad, an idea Clinton proposed in March. Clinton tries to win New York with her congressional record 2016-04-01T04:00:00Z The campaign said the proposal's multi-billion dollar price tag would largely be covered by Clinton's proposed "clawback" tax, which would rescind tax relief for companies that outsource jobs or facilities abroad. Hillary Clinton to propose $10 billion manufacturing investment 2016-04-01T04:00:00Z In a letter to Stumpf last week, Warren and four other senators urged Wells Fargo to invoke its own clawback authority that the bank implemented after the 2008 financial crisis. Wells Fargo scandal puts focus on 'clawbacks' of executive compensation 2016-09-19T04:00:00Z There also is the possibility of a clawback by the Securities and Exchange Commission. Valeant Has Few Options to Remove a Recalcitrant Director 2016-03-23T04:00:00Z Notwithstanding talk of clawbacks and lower overall pay, the compensation system on Wall Street remains untouched after the crisis. Regulation Alone Will Not Change Bad Behavior on Wall St. 2016-03-16T04:00:00Z In recent days, she has laid out a plan for a "clawback" of tax benefits for companies that ship jobs overseas, using the money to encourage investment in the United States. Republican leaders grapple with the prospect that the best hope for stopping Donald Trump's march to the nomination may be Ted Cruz - the only candidate who causes as much heartburn among party elites as the billionaire businessman, if not more 2016-03-06T05:00:00Z She’s sure to bring up in the debate her plan for a “clawback” of tax benefits for companies that ship jobs overseas, using the money to encourage domestic investment. Viewer’s Guide: Clinton, Sanders meet in Flint for debate 2016-03-06T05:00:00Z When the Senate Banking Committee grills Wells Fargo & Co.’s chairman Tuesday about the banking giant’s sales scandal, look for the word “clawback” to come up more than once. Wells Fargo scandal puts focus on 'clawbacks' of executive compensation 2016-09-19T04:00:00Z In either case, the clawback applies only to incentive pay that is related to the accounting misstatement. Valeant Has Few Options to Remove a Recalcitrant Director 2016-03-23T04:00:00Z She's sure to bring up in the debate her plan for a "clawback" of tax benefits for companies that ship jobs overseas, using the money to encourage domestic investment. Next Democratic debate to play out in Flint, the Michigan city that has come to represent all that's wrong with government 2016-03-06T05:00:00Z Revenue raised by this “clawback” would then be used to support investment in the United States. Clinton urges candidates to present ‘credible’ economic plan 2016-03-04T05:00:00Z A new “clawback” proposal she unveiled would rescind tax relief and other benefits for companies that move jobs overseas. Clinton Offers Economic Plan Focused on Jobs 2016-03-04T05:00:00Z But such clawbacks are unusual and it’s unlikely Wells Fargo will take that step, compensation experts said. Wells Fargo scandal puts focus on 'clawbacks' of executive compensation 2016-09-19T04:00:00Z "The clawbacks will never let you recover what you sunk into it," Kenney says. Inside Nevada’s $1.3 billion gamble on Tesla 2016-02-08T05:00:00Z The clawbacks prompted two insurers of the affected bonds to sue the government. Puerto Rico Revises Plan to Reduce Debt as Optimism Dwindles 2016-01-18T05:00:00Z In her address, Clinton called for a so-called “clawback” of tax benefits for companies that ship jobs overseas, rescinding tax relief and other incentives intended to encourage domestic investment. Clinton urges candidates to present ‘credible’ economic plan 2016-03-04T05:00:00Z Assured Guaranty and Ambac said in their complaint that the clawback was unconstitutional, because it “substantially and unjustifiably” impaired their contract rights under the United States Constitution. Puerto Rico Governor Pleads for Congressional Action 2016-01-08T05:00:00Z Advertisement Advertisement Mr. Tavakoli and Mr. Donnelly argued that the clawback violated Puerto Rico’s law for the order of payment priorities, its constitution and several provisions of the United States Constitution. Puerto Rico Defaults on Debt Payments 2016-01-04T05:00:00Z But Phillip Ray, A&M’s vice chancellor for business affairs, said there was no clawback if the contract were terminated for cause. Meal Plan Costs Tick Upward as Students Pay for More Than Food 2015-12-05T05:00:00Z Traders, in particular, are still paid for short-term profits that are subject to clawback if their deals go awry. Bankers still overpaid, says top German banker 2015-11-24T05:00:00Z But Google moved Titan’s operations to California this summer, prompting New Mexico to impose clawback provisions to recover the state’s money. Google pays New Mexico nearly $1M for Titan pullout 2015-11-04T05:00:00Z The two insurers asked the court to declare the clawback unconstitutional and bar the Puerto Rican government from diverting any more pledged money. Puerto Rico Governor Pleads for Congressional Action 2016-01-08T05:00:00Z The clawback allowed the government to amass enough cash to pay the general obligation bonds, which enjoyed a price rally on Monday. Puerto Rico Defaults on Debt Payments 2016-01-04T05:00:00Z Earlier this year, the bank beat back a proposal calling for more information about clawbacks, but the proposal won support from 44 percent of the bank’s voting shareholders. JPMorgan Says It Will Publicly Disclose Pay Clawbacks 2015-10-26T04:00:00Z She said the provision requiring clawbacks from all executives was especially troubling, because “you’re going to be delisted if you get this wrong.” SEC Readies Clawback Rules for Punishing Bad Accounting 2015-10-12T04:00:00Z And it should certainly consider a clawback policy for future top executives. Volkswagen Could Use a Bank-Style Clawback of Pay 2015-09-23T04:00:00Z The senators added that if the team fails to maintain employment levels, the grant could be subject to “clawback,” or the return, of the funds to the state. As Redskins practice opens in Richmond, new questions about the deals that brought them there 2015-07-30T04:00:00Z Unfortunately, that landmark act has buckled over the years under the weight of multiple rate increases by Congress and multiple distortions in the form of carve-outs, clawbacks and exceptions to seemingly every rule. The Recipe for Real Tax Reform 2015-07-30T04:00:00Z Since then, the Securities and Exchange Commission approved a rule requiring public companies to disclose clawbacks under certain conditions, though the rule is narrower than the one JPMorgan announced for itself on Monday. JPMorgan Says It Will Publicly Disclose Pay Clawbacks 2015-10-26T04:00:00Z American Vanguard, a California chemical maker, has a clawback policy in place, as do nearly 90% of the nation’s 100 largest public companies, says a recent study by law firm Shearman & Sterling LLP. SEC Readies Clawback Rules for Punishing Bad Accounting 2015-10-12T04:00:00Z Where earlier carried interest payments to the fund manager in hindsight appear to be overpayments, a “clawback” obligation is imposed on the fund manager. "Chasing Waterfalls" In Private Equity Funds 2015-07-20T04:00:00Z The new rule allows companies to choose not to pursue a clawback if the costs of doing so might exceed the amount to be recovered. ‘Clawbacks’ Could Backfire 2015-07-13T04:00:00Z The clawback rule’s analysis does not spend much time quantifying its costs and benefits, but rather consists of an assessment of the implications on a variety of affected market participants. The State of Cost-Benefit Analysis at the S.E.C. 2015-07-13T04:00:00Z The amount subject to the clawback is limited to compensation tied to a company’s financial performance, like its stock price or total shareholder return. Threat of Pay ‘Clawbacks’ May Be as Powerful as Recoveries 2015-07-06T04:00:00Z While 86% of S&P 500 companies have voluntary clawback mechanisms in place, Mr. Roe said, smaller firms have a way to go. SEC Readies Clawback Rules for Punishing Bad Accounting 2015-10-12T04:00:00Z This clawback requires the repayment of any excess carried interest payout from the fund. "Chasing Waterfalls" In Private Equity Funds 2015-07-20T04:00:00Z Now the Securities and Exchange Commission is extending the clawback idea far beyond Wall Street to all publicly traded companies. ‘Clawbacks’ Could Backfire 2015-07-13T04:00:00Z The S.E.C. also considers some alternative ways to impose a clawback rule. The State of Cost-Benefit Analysis at the S.E.C. 2015-07-13T04:00:00Z An interesting feature of the S.E.C.’s proposed rules is a requirement that companies provide additional disclosure about the effect of a restatement on possible clawbacks. Threat of Pay ‘Clawbacks’ May Be as Powerful as Recoveries 2015-07-06T04:00:00Z Companies say they want to keep the teeth in their current clawback policies because the policies protect both the company and its investors. SEC Readies Clawback Rules for Punishing Bad Accounting 2015-10-12T04:00:00Z Executives would likely boost their salaries to compensate for potential clawbacks, Mr. Piwowar said. SEC Proposes Broadened Corporate ‘Clawback’ Rules 2015-07-01T04:00:00Z The new rule allows companies to opt against pursuing a clawback if the costs of doing so might exceed the amount it wants to recover. Rule From S.E.C. Would Allow Companies to Take Back Executive Bonuses 2015-07-01T04:00:00Z There are ongoing discussions between the Scottish and UK governments about the financial implications of Crown Estate devolution and whether or not there will be some kind of "clawback" of funds by the Treasury. Scottish and UK governments deny potential cuts in monarchy funding - BBC News 2015-06-24T04:00:00Z Thus, companies may give more so that any clawback resulting from a restatement would hurt less. Threat of Pay ‘Clawbacks’ May Be as Powerful as Recoveries 2015-07-06T04:00:00Z The move extends a seven-year clawback period that one regulator, the Prudential Regulation Authority, introduced for so-called variable pay as part of tougher accountability rules last year. British Regulators Extend Clawback Rules for Bankers’ Pay 2015-06-23T04:00:00Z It also extends clawbacks to smaller companies that should be exempt, he said. SEC Proposes Broadened Corporate ‘Clawback’ Rules 2015-07-01T04:00:00Z The proposed rule allows for clawbacks even if the financial restatement was not the result of misconduct, something that is required under the existing provisions. Rule From S.E.C. Would Allow Companies to Take Back Executive Bonuses 2015-07-01T04:00:00Z It includes the possibility of 10 years bonus ‘clawbacks’ for those at the very top of an organization found guilty of misconduct. U.K Regulators Push For 10 Year Bonus Clawback For Misconduct 2015-06-23T04:00:00Z Will clawbacks have an effect on how executives manage companies? Threat of Pay ‘Clawbacks’ May Be as Powerful as Recoveries 2015-07-06T04:00:00Z The appeals court said that allowing the "clawbacks" sought risked the kind of "significant market disruption" that Congress aimed to avoid by adopting protections for brokerage customers in the bankruptcy code. Supreme Court rejects Madoff trustee's appeal over $4 billion recovery 2015-06-22T04:00:00Z Wednesday’s proposal stops short of giving investors a full picture of when clawbacks are invoked. SEC Proposes Broadened Corporate ‘Clawback’ Rules 2015-07-01T04:00:00Z “You need to have some clawbacks in case the production doesn’t do all that the promoters said it would,” Mr Henchman argues. The Empire strikes back 2015-06-18T04:00:00Z The "clawback" proposal, which was also launched after the bribery allegations surfaced in 2012, got 38 percent of non-Walton votes, last year. Wal-Mart resists investor pressure on independent chairman 2015-06-04T04:00:00Z The clawback period can be extended up to 10 years when a bank has been notified that it is under investigation. Threat of Pay ‘Clawbacks’ May Be as Powerful as Recoveries 2015-07-06T04:00:00Z Call protection on the notes is for three years, then at par plus 75% of the coupon, and the equity clawback is standard at 35% at par plus the coupon within the first three years. Rite Aid Eyes $1.8B High Yield Bond Deal Backing Envision Buy 2015-03-18T04:00:00Z The proposal significantly expands the situations in which such clawbacks would be used. SEC Proposes Broadened Corporate ‘Clawback’ Rules 2015-07-01T04:00:00Z Companies that don't produce the number of jobs they promised face clawbacks of their benefits, he said. As Scott Walker mulls White House bid, a spotlight on his jobs agency 2015-02-15T05:00:00Z But Mr Balls said Labour wanted to extend the clawback period further. Labour to extend bank bonus clawback 2015-02-13T05:00:00Z That the clawback proposal might create an excuse to increase the pay of corporate officials reflects more about how companies try to evade government limitations on compensation than an inherent flaw in the rule. Threat of Pay ‘Clawbacks’ May Be as Powerful as Recoveries 2015-07-06T04:00:00Z “Among many proposals, this is likely to see changes to bonus deferrals, clawback, malus and potentially bonus buy-outs, with tougher financial sanctions aimed at the top management of any future bailed-out banks.” HR Challenges Facing The Banking Sector In 2015 2015-01-21T05:00:00Z Rep. Frank Pallone will introduce identical bills that would prohibit the federal Emergency Management Agency from issuing so-called “clawback” letters demanding repayment of aid it wrongly awarded to homeowners. Politicians vow to block FEMA from taking mistaken Sandy aid 2015-01-16T05:00:00Z Moreover a clawback policy will hold operating executives accountable for actions that negatively affect business performance in current or future year. JPMorgan Embraces 'The World's Dumbest Idea' 2014-12-28T05:00:00Z The current "clawback" period for bankers' bonuses is currently seven years, but shadow chancellor Ed Balls said that was "too weak". Labour to extend bank bonus clawback 2015-02-13T05:00:00Z But, if nothing else, they will draw attention in the C-suite, so the benefit may be more in the perception of a potential threat through compensation clawbacks than the amount of any actual recoveries. Threat of Pay ‘Clawbacks’ May Be as Powerful as Recoveries 2015-07-06T04:00:00Z “The S.E.C. could incorporate clawbacks as a routine enforcement tool,” he said. A Blank Page in the S.E.C. Rule Book, Four Years Later 2014-11-08T05:00:00Z The terms of that second provision, known as a clawback, determine how much money investors will get after the fund is wound down. Behind Private Equity’s Curtain 2014-10-18T04:00:00Z However the clawback provisions have no impact when wrongdoing is rampant and systemic. JPMorgan Embraces 'The World's Dumbest Idea' 2014-12-28T05:00:00Z However, the Conservatives dismissed the proposals, saying that the Bank of England was already consulting on extending the clawback period to 10 years. Labour to extend bank bonus clawback 2015-02-13T05:00:00Z So not every restatement will initiate a clawback. Threat of Pay ‘Clawbacks’ May Be as Powerful as Recoveries 2015-07-06T04:00:00Z The legislation told the S.E.C. to write a rule expanding clawbacks to include any current or former executive and to recover pay even if there was no misconduct related to a restatement. A Blank Page in the S.E.C. Rule Book, Four Years Later 2014-11-08T05:00:00Z He said the ballot on the plan he received this summer did not mention a 6.75 percent interest rate for the annuity clawback. 'Praying for justice': Detroit residents speak up in historic bankruptcy 2014-10-15T04:00:00Z Moreover the clawback provisions have only been used against lower-level managers and staff, not the top level executives who create the corporate goals and culture that have made these multiple wrongdoings pervasive. JPMorgan Embraces 'The World's Dumbest Idea' 2014-12-28T05:00:00Z Even more so because the “clawbacks” he insisted upon ensured that these executives had to repay the hundreds of millions in compensation they received while setting the table for disaster. The Touchable: Holder and the rackets 2014-09-25T04:00:00Z Tory MPs will be assured that a clawback mechanism will ensure that any Scottish tax changes will be offset in the "Scottish block grant" from the Treasury. David Cameron survives Scotland vote but there are dangers ahead 2014-09-19T04:00:00Z It is hard to know whether a new rule will result in more clawback cases. A Blank Page in the S.E.C. Rule Book, Four Years Later 2014-11-08T05:00:00Z The clawback provisions seek to put muscle behind efforts by policy makers to discourage short-term risk taking, which were seen to be partly to blame for the financial crisis. Bank of England Sets Tough Rules for Banker Bonuses 2014-07-30T04:00:00Z Fixing the financial sector will always seem like an impossible task if it is framed as one of regulators controlling and containing shady activities and banks deploying clawbacks of wrongful gains after the fact. JPMorgan Embraces 'The World's Dumbest Idea' 2014-12-28T05:00:00Z The notes also feature an equity clawback at 100% in the first year at 102 and in the second year at 101. McGraw-Hill Education Sets $400M PIK Toggle High Yield Bond Deal 2014-07-14T04:00:00Z The performance fee is typically paid on both realised and unrealised gains, with no clawback for downturns in aggregate performance over the life of the fund. Private Equity, Hedge Funds "Make It Rain" 2014-06-18T04:00:00Z Under the law, the S.E.C. was supposed to direct the stock exchanges to bar securities from trading if they were issued by companies with no clawback policies. A Blank Page in the S.E.C. Rule Book, Four Years Later 2014-11-08T05:00:00Z Officials hope that the clawbacks will act as a deterrent to discourage bankers from engaging in egregious conduct in the first place. Bank of England Sets Tough Rules for Banker Bonuses 2014-07-30T04:00:00Z A clawback report, it said, “would deprive the Board of the ability to exercise judgment and discretion with respect to the disclosure of potentially sensitive information.” Who Has Wal-Mart Punished in Its Bribe Probe? Some Shareholders Want to Know 2014-06-05T04:00:00Z It is pretty clear that clawback policies need tightening at many companies. Fair Game: The Wallet as Ethics Enforcer 2014-04-05T14:51:29Z The shareholders, for their part, said the claims nonetheless violated the spirit of the law, which they contend was designed to forbid exactly this sort of after-the-fact clawback. U.S. judge gives narrow reading of Lyondell shareholder protections 2014-01-14T21:49:24Z What the S.E.C.’s rule ultimately covers will be important, because the clawback policies at large public companies today fall far short of the standards outlined by Dodd-Frank. A Blank Page in the S.E.C. Rule Book, Four Years Later 2014-11-08T05:00:00Z The Prudential Regulation Authority said it was concerned about the practice of new employers paying out unvested bonuses when they recruit, which makes clawbacks impossible. Bank of England Sets Tough Rules for Banker Bonuses 2014-07-30T04:00:00Z Shareholders will also consider the question of how much information the company should provide about clawbacks. Who Has Wal-Mart Punished in Its Bribe Probe? Some Shareholders Want to Know 2014-06-05T04:00:00Z “We’re actually getting companies to adopt clawback policies that are meaningful. We speak to the issue of financial accountability but also to setting a tone at the top.” Fair Game: The Wallet as Ethics Enforcer 2014-04-05T14:51:29Z Consider the Fifth Third matter, which seems at first glance tailor-made for a clawback. Fair Game: Clawbacks? They’re Still a Rare Breed 2013-12-28T16:00:31Z For example, Equilar found that while almost 90 percent of the companies had clawback provisions, 82 percent required evidence of wrongdoing before pay could be recovered. A Blank Page in the S.E.C. Rule Book, Four Years Later 2014-11-08T05:00:00Z Some expressed concern about the effects of the new clawback rules. Bank of England Sets Tough Rules for Banker Bonuses 2014-07-30T04:00:00Z A business expense deduction might be possible, and your first thought might be to look at the clawback tax rules. Jack Dorsey's 10% $100M+ Square Stock Give-Back Isn't About Taxes 2013-12-21T02:15:00Z But if the American banks were deferring as much as their European rivals, the clawback provisions that the Fed is keen to see would apply to a bigger portion of their pay. DealBook: Pay Deferrals for Bankers Are Tougher in Europe 2013-08-06T00:12:13Z But it probably didn’t result in a clawback because the misconduct took place during one quarter and was corrected by the time the company’s executive compensation was determined. Fair Game: Clawbacks? They’re Still a Rare Breed 2013-12-28T16:00:31Z But we’re at the point where investors rarely hear when clawbacks are used. Fair Game: Clawbacks in Word, Not Deed 2013-08-03T18:07:14Z There is a clawback mechanism which means the taxpayer will be able to share in any increase in its value. £20m land sale passed to fraud office 2013-07-15T06:08:36Z A clawback rule is supposed to ensure that if uptake is higher the firm should share the extra profits with the public. Rural broadband rollout criticised 2013-07-05T09:00:06Z These rewards were not assessed on performance criteria, but the final batch were subject to a "clawback" clause, designed to prevent payments for failure. Payouts to former Tesco boss Sir Terry Leahy since retirement top £8m 2013-07-07T16:06:24Z But the regulatory action is also notable for what it did not involve: an executive pay clawback under the Sarbanes-Oxley law. Fair Game: Clawbacks? They’re Still a Rare Breed 2013-12-28T16:00:31Z To help mitigate those legal and regulatory risks going forward we are interested in clawback policies with sharper teeth and more transparency in reporting to investors.” Fair Game: Clawbacks in Word, Not Deed 2013-08-03T18:07:14Z While there are clawback mechanisms in place for Lisvane and Monmouth, there are none applying to the other pieces of land. £20m land sale passed to fraud office 2013-07-15T06:08:36Z Instead it offers fixes and patches, from tiny increases in leverage ratios to bonus clawbacks and "electrified ring fences". Our banks are not merely out of control. They're beyond control 2013-06-19T19:35:01Z The proposal deals with “clawbacks” — when the company takes back bonuses from executives. More Dissent Is in Store Over Wal-Mart Scandal 2013-06-07T01:43:20Z Overall, between $100,000 and $200,000 in deferred compensation for Mr. Taylor is at stake in Morgan Stanley's clawback, according to the people familiar with the situation. Blind Spot Covered Ex-Trader's Trail 2013-04-09T02:16:58Z No jail time, no financial penalties, not even a clawback of bonuses – even though these were based on profits that have proven illusory. Self-delusion, not greed, caused HBOS to fail 2013-04-05T15:30:15Z Both claimed the use of clawback arrangements would reflect any significant uplift in the value of the land. £20m land sale passed to fraud office 2013-07-15T06:08:36Z The committee carefully considered whether the circumstances were appropriate to exercise the clawback of past awards in respect of 2001 to 2007. Standard Chartered refuses to claw back bonuses after American fines 2013-03-28T21:01:09Z The policy provides a mechanism to pull back bonuses and equity awards from executives for at least the one-year period prior to any event that triggers a clawback. AIG sets compensation clawback policy for executive wrongdoing 2013-03-27T21:22:01Z But they have tended to be less enthusiastic about actually applying clawback and telling recipients they won't receive what they thought they would get. Lloyds bucks trend by clawing back £1.15m from former chief's bonus 2013-03-25T18:56:35Z OK, strictly speaking, there is a straightforward answer: clawback provisions were not in place in 2001-07 when the sanction-breaching took place. Standard Chartered chairman on the naughty step 2013-03-21T15:13:30Z It is believed to be the first company to agree to disclose clawback dollar amounts. Banks Bow to New York on Clawbacks 2013-03-13T23:39:41Z Some bonuses will have clawback agreements attached to them. Esure staff to share £3m bonanza after insurance firm's flotation 2013-03-08T19:55:40Z This is expected to show that as many as 600 staff took home more than £1m in 2012, despite the clawbacks and attempts by the bank to show that it was cutting top pay. Barclays claws back £300m in staff bonuses to meet shareholder demands 2013-02-27T20:27:26Z PPI at Lloyds was as clear a case for applying clawback as one could imagine. Lloyds bucks trend by clawing back £1.15m from former chief's bonus 2013-03-25T18:56:35Z In February 2012 Lloyds became the fist British bank to exercise a "clawback" option on executive pay. Former Lloyds banking boss says sorry for PPI mis-selling scandal 2013-01-21T21:47:36Z The bank also has recouped other employee pay but hasn't disclosed details or the dollar amounts for any clawbacks. Banks Bow to New York on Clawbacks 2013-03-13T23:39:41Z Chesapeake also put in place a clawback provision on executive incentive compensation that can be exercised "in the event that the company is required to restate any financial statements..." filed with the SEC. Chesapeake's McClendon will not receive 2012 bonus 2013-01-08T00:21:47Z The bank is keen to avoid a fresh revolt at this annual meeting after its report outlining directors' pay and the clawback provisions is published next month. Barclays claws back £300m in staff bonuses to meet shareholder demands 2013-02-27T20:27:26Z A small but publicly trumpeted clawback of some of the cuts would send the right message to voters, while minimizing the macroeconomic fallout. Economic View: In Fiscal Debate, a Little Symbolism May Go a Long Way 2012-12-22T20:42:32Z Officials at the firm believe it owes him nothing, citing "clawback" provisions that allow the company to withhold or seize pay from employees who hurt Morgan Stanley. A Banker's Costly Cab Ride 2012-12-19T05:06:47Z Before the "London whale" there weren't many known cases of clawbacks in the financial sector. Banks Bow to New York on Clawbacks 2013-03-13T23:39:41Z Under the plan, individual drug companies would be subject to a "clawback" if the cost ceiling is breached, based on their share of the Greek market. Drugmakers offer to cap Greece's medicines bill 2012-11-05T08:43:47Z The "clawback" option will see the highest earner over £50,000 in a child benefit household paying an "income tax charge" equivalent to some or all of the amount they currently get. Child benefit cut letters 'soon' 2012-10-11T15:34:04Z The settlement requires former Dewey partners to pay portions of their compensation, ranging between $5,000 and $3.5 million individually, in exchange for a release from potential clawback claims. Judge approves $71.5 mln Dewey settlement 2012-10-09T22:26:50Z A Morgan Stanley spokeswoman said the firm doesn't comment on specific instances or individuals but that "the clawback provisions in our compensation model allow us to take action where appropriate." A Banker's Costly Cab Ride 2012-12-19T05:06:47Z Capital One's previous clawback provisions covered only its top executive officers and triggered only in the event of a financial restatement or willful misconduct. Banks Bow to New York on Clawbacks 2013-03-13T23:39:41Z By agreeing to this "clawback" settlement, these partners insulate themselves from future lawsuits related to the firm's dissolution. DealBook: Ex-Partner at Dewey & LeBoeuf Says Citibank Hid Firm's Financial Troubles 2012-09-04T01:05:37Z The bank said that other officials, including Mr. Dimon, might face penalties at the end of the year when the board considers 2012 bonuses and possible clawbacks. DealBook: JPMorgan to Take Back Millions From Former Officials 2012-07-13T20:44:57Z The most likely candidate for clawback would be Ina Drew, JP Morgan's chief investment officer, who oversaw the division responsible for the loss. JP Morgan more than doubles reported trading loss from $2bn to $4.4bn 2012-07-13T12:46:00Z The term clawback was popularized after the financial crisis following the public’s furor over a lack of accountability on Wall Street. JPMorgan Trading Loss Grew to $4.4 Billion 2012-07-13T10:31:19Z Citi's revised clawback policy recoups pay where executives are responsible for material financial or reputational harm, either through their own actions or in failing to supervise others. Banks Bow to New York on Clawbacks 2013-03-13T23:39:41Z Such a move would involve the appointment of a trustee who would be empowered to aggressively seek clawbacks from the former partners as part of a liquidation. Dewey partners mull settlement with estate 2012-07-13T00:23:15Z Another complicating factor is that these deferred payouts are also subject to so-called "clawback" provisions, allowing the board to unwind intended payouts because of events that have subsequently come to light. Barclays likely to balk at vast cash pile for departing Diamond 2012-07-03T19:08:19Z Congressman Barney Frank, co-author of the Dodd-Frank regulations brought in after the last financial crisis, asked Dimon if his wages would be subject to "clawback" following the disclosure of the losses. Jamie Dimon defends JP Morgan in testy House committee hearing 2012-06-19T18:51:38Z If that happens, it will be first time on Wall Street that any bank will be exercising a clawback from a top executive. JPMorgan Trading Loss Grew to $4.4 Billion 2012-07-13T10:31:19Z Three more top banks, including Inc., will broaden their clawback policies to cover more executives, increase disclosures or add potential triggers. Banks Bow to New York on Clawbacks 2013-03-13T23:39:41Z "It's likely that there will be clawbacks," he said. James and the Giant Losses 2012-06-18T13:48:00Z At the end of next year – and again subject to performance – Diamond could have been in line for a further 2.4m of free shares, though this award is subject to clawback. Barclays likely to balk at vast cash pile for departing Diamond 2012-07-03T19:08:19Z The proceedure also revealed Dimon’s support of “clawback” provisions on Wall Street — or the practice of taking back compensation from traders and executives whose decisions cause banks to loose money. Dimon Hearing Reveals Lingering Questions about the Health of the Financial System 2012-06-14T10:00:13Z Senate panel that pay clawbacks for employees involved in a $2 billion trading loss were likely. Banks fail to peg bonuses to performance: G20 body 2012-06-13T19:05:54Z “It’s likely that there will be clawbacks,” told the Senate Banking Committee. JPMorgan CEO Says Execs May Have Pay Taken Back 2012-06-13T19:03:07Z Outside of the hearing, Senator Scott Brown, a Republican from Massachusetts, echoed the call for clawbacks. James and the Giant Losses 2012-06-18T13:48:00Z OCC chief Thomas Curry said his agency will evaluate the compensation of the Chief Investment Office responsible for the trading loss, and will assess JPMorgan's determination on clawbacks as part of that evaluation. U.S. regulator says looking at JPMorgan clawbacks 2012-06-05T21:33:44Z Zauderer said he is concerned about clawback lawsuits initiated by the Dewey estate. Dewey creditors' committee taps law firm Brown Rudnick 2012-06-05T04:01:57Z He also wants to see a list of counterparties that may become targets of clawback lawsuits. MF Global trustee to report on payback efforts 2012-06-01T18:53:45Z And the partners will likely be tied up in firm-related litigation for years and face “clawback” suits from creditors seeking to recover money. DealBook: Dewey & LeBoeuf Files for Bankruptcy 2012-05-29T02:30:10Z "We'll take all proper corrective action, and that may very well include clawbacks." JPMorgan chief keeps job, faces probe 2012-05-16T00:54:00Z Mr. Dimon said Tuesday that the bank “will do the right thing” and that may include clawbacks. DealBook: F.B.I. Inquiry Adds to JPMorgan's Woes 2012-05-16T01:47:35Z The question now is whether JPMorgan will invoke its newly implemented clawback policy to penalize these executives, including forcing the return of Ms. Drew’s reported $14 million salary last year. Deal Professor: After $2 Billion Trading Loss, Will JPMorgan Claw Back Pay? 2012-05-14T17:35:50Z Cash payments will be capped at 2,000 pounds and above that level will be subject to deferral and clawback, the bank said. Lloyds 2012 Income to Decline After Full-Year Profit Slumps 2012-02-25T18:22:27Z The bonus clawback of about £2 million applies to five former or current executive directors, including a former chief executive, and eight other managers. DealBook: Lloyds Posts $4.4 Billion Loss for 2011 2012-02-24T12:35:00Z The accord between the government and the troika of the European Commission, the International Monetary Fund and the European Central Bank also includes a quarterly “clawback” rebate on drugmakers’ sales in Greece. Greece May Cut $1.3 Billion in Drug Spending This Year 2012-02-14T17:14:01Z A senior executive at JPMorgan said Tuesday that it was exceedingly likely that it would clawback compensation from Ms. Drew. DealBook: F.B.I. Inquiry Adds to JPMorgan's Woes 2012-05-16T01:47:35Z Prior to the financial crisis, a clawback wasn’t really an option. Deal Professor: After $2 Billion Trading Loss, Will JPMorgan Claw Back Pay? 2012-05-14T17:35:50Z The accord between the government and the so-called troika of the European Commission, the International Monetary Fund and the European Central Bank also includes a quarterly “clawback” rebate on drugmakers’ sales in Greece. Greece May Cut $1.3 Billion in Outpatient Drug Spending in 2012 2012-02-14T14:25:57Z Meanwhile Pluthero and Marsh, who have left the company, are free to enjoy the pots they collected at the end of the rainbow without any fear of clawbacks. Cable & Wireless investors still suffering despite Vodafone interest 2012-02-13T14:10:11Z Cheering from the terraces is a jury of 12 Londoners, good and true, who may know nothing of fiscal clawback but can tell a likely lad from an offside trap. In most countries the Harry Redknapp case wouldn't have reached a jury 2012-02-09T20:30:01Z He said he had introduced a new pay regime, with greater emphasis on deferred bonuses and with the possibility of bonus clawback in the event of later poor performance. Thomas Cook investors express anger at high levels of executive pay 2012-02-08T14:25:12Z In the wake of the financial crisis, the Dodd-Frank Act was supposed to change all this by implementing clawback policies. Deal Professor: After $2 Billion Trading Loss, Will JPMorgan Claw Back Pay? 2012-05-14T17:35:50Z Regulators have pressured banks to detail clawbacks in compensation agreements since the financial crisis, when, they contend, incentives encouraged Wall Street workers to overlook risk in pursuit of profit. Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z He also outlined so-called clawback mechanisms that would allow companies to recover bonuses if top executives failed to perform. DealBook: Royal Bank of Scotland Chief Waives Bonus 2012-01-30T13:25:30Z Only one of the cases seems to involve a clawback of executive compensation. Fair Game: Mortgage Task Force Has Fancy Name, but Will It Get Tough? 2012-01-28T20:41:34Z He said they should consult staff about top pay, recruit board members from wider backgrounds and implement “clawback” arrangements under which pay can be recovered if a company does badly. Cable to Require Transparency, Binding Votes on Top U.K. Pay 2012-01-24T00:34:12Z The clawback ensures that employees have the right incentives and can’t just run with the money. Deal Professor: After $2 Billion Trading Loss, Will JPMorgan Claw Back Pay? 2012-05-14T17:35:50Z The banks said they adopted clawback policies but said little beyond that. Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z He also proposed that companies adopt so-called clawback mechanisms to allow companies to recoup bonuses. DealBook: British Government Looks to Rein in Executive Pay 2012-01-23T19:22:51Z The government will also extend to all big firms a requirement for contracts to include clawback mechanisms -- not just in financial services. UK shareholders to get vote on executive pay 2012-01-23T18:32:30Z Both are subject to clawback provisions if he “terminates his employment without good reason” during his first year at Yahoo!. Yahoo!'s Scott Thompson To Make $1 Million Base Salary 2012-01-06T22:36:13Z But the clawback policy in Dodd-Frank as adopted by the Federal Deposit Insurance Corporation has been criticized as weak, since it only applies to the “too big to fail” banks and other financial institutions. Deal Professor: After $2 Billion Trading Loss, Will JPMorgan Claw Back Pay? 2012-05-14T17:35:50Z It is unclear how effective clawback policies have been in reining in risky behavior. Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z Morgan Chase & Co. and Morgan Stanley to impose tougher clawbacks on executive pay. New York City Pushes Tougher 'Clawbacks' 2011-12-21T18:40:04Z Liu filed shareholder requests with the three New York- based banks to toughen their so-called clawbacks, which allow the firms to reclaim pay awarded to employees who acted improperly. Tougher Wall Street Clawbacks Needed, NYC Comptroller Says 2011-12-21T16:05:02Z They also proposed that the banks be able to claw back supervisors' pay for the bad behavior of employees they manage, and that all clawback actions be disclosed to shareholders. NYC pension funds want tougher Wall Street clawbacks 2011-12-21T15:41:03Z The standard is so high and the circumstances it can be used so narrow, I doubt the F.D.I.C. will ever invoke this clawback provision. Deal Professor: After $2 Billion Trading Loss, Will JPMorgan Claw Back Pay? 2012-05-14T17:35:50Z "We believe clawbacks are a focus for our regulators," Goldman Sachs said in correspondence with the comptroller's office disclosed in an SEC filing. Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z “Our preference is to see the revenue flowing from economic growth rather than stemming from a clawback” approach of limiting tax deductions and exclusions, he said. Boehner Says He’s Convinced a Deficit Plan Could Pass House 2011-11-15T19:43:04Z The two firms as well as Morgan Stanley, the sixth- biggest U.S. bank, should make any clawback actions public, according to the proposals. Tougher Wall Street Clawbacks Needed, NYC Comptroller Says 2011-12-21T16:05:02Z There have been no publicly disclosed clawback actions for any of the three banks. NYC pension funds want tougher Wall Street clawbacks 2011-12-21T15:41:03Z No doubt shareholders will be asking whether JPMorgan rewarded these traders with termination packages, but also about clawbacks. Deal Professor: After $2 Billion Trading Loss, Will JPMorgan Claw Back Pay? 2012-05-14T17:35:50Z In exchange for the clarifications, the shareholder group withdrew proxy proposals that called on the banks to broaden the scope of their policies, hold managers and supervisors accountable to clawbacks, and publicly disclose clawbacks. Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z Most of those are "clawback" lawsuits against former Madoff customers who Picard believes withdrew too much money from the firm before it failed. Madoff ex-clients file $19 billion suit against JPMorgan 2011-11-08T00:27:29Z Under securities law, some withdrawals from a brokerage may be protected from clawbacks, he has said. Madoff Family May Keep $82 Million Under Mets Ruling Limit 2011-10-27T18:34:01Z Under securities law, some withdrawals from a brokerage firm may be protected from clawbacks, he has said. Madoff Family May Keep $82 Million Under Mets Ruling Limitation 2011-10-27T16:13:03Z At a minimum, the JPMorgan board has a duty to look at this issue, find out the facts are and determine the situation warrants clawbacks. Deal Professor: After $2 Billion Trading Loss, Will JPMorgan Claw Back Pay? 2012-05-14T17:35:50Z Morgan Stanley's proxy last year said clawbacks can be triggered for conduct leading to a restatement, a significant financial loss or other reputational harm. Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z They seek an “escape hatch” from bankruptcy court, which Congress intended to handle such cases as clawbacks of money withdrawn from a Ponzi scheme, the trustee said yesterday in court papers. Madoff Trustee Says Defendants’ Judge-Shopping Perverts Law 2011-10-13T16:27:06Z Enterprise Fund contracts include "clawback" provisions that allow the state to reclaim money if the job targets are not reached, although it is not clear how effective these efforts have been. Texas grant recipients gave to Governor Perry 2011-10-13T05:01:51Z Bloomberg News reported that defendants in clawback suits have filed motions to limit the trustee’s claims to only two years of withdrawals. DealBook: The Roller Coaster Ride Continues for Madoff Investors 2011-10-03T19:37:37Z A lawyer for Picard said yesterday that the two-year rule would cost the trustee “about” $3 billion on all clawback suits. Madoff Trustee Doubles Loss Estimate From Rakoff Mets Ruling 2011-09-29T21:13:01Z "These two firms have set the standard for clawback policies in the banking industry," said Mr. Liu in a statement Tuesday. Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z Talking to reporters after the hearing, Sheehan said that limiting recoveries to two years roughly cuts potential recoveries in half from the approximately 1,000 pending lawsuits, sometimes referred to as clawback actions. Madoff, Lehman, Dodgers, Seahawk, Palm Harbor: Bankruptcy 2011-09-29T13:28:04Z Only the bank’s executive board, 200 “risk takers and controllers” and those paid at least $2 million, or 2 million Swiss francs a year, have clawback clauses in their contracts. Reuters Breakingviews: UBS Senior Staff Should Feel Losses - Reuters Breakingviews 2011-09-21T00:06:16Z There’s the corporate pilot who was presented with a clawback bill even as he struggled with esophageal cancer, a debt his widow continued scrambling to pay even after his death. Off the Shelf: When Retirees Are Shortchanged for Corporate Profits 2011-09-17T21:08:45Z But perhaps the most troubling clawback case brought by the S.E.C. involved New Century Financial, now defunct, which was one of the most aggressive mortgage lenders during the home loan mania. Fair Game: Clawbacks Without Claws in a Sarbanes-Oxley Tool 2011-09-10T17:15:41Z "We appreciate the dialogue we've had on this issue and will continue to call for them to disclose the amount of clawbacks if forthcoming regulation does not require it." Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z The congressmen wrote that Picard’s clawback suits against “innocent investors” generated outcomes that were in “direct conflict with the S.E.C.’s mission to protect investors.” Actions of Madoff Victims? Trustee Will Be Reviewed 2011-07-29T03:00:39Z A single vote, with a clawback provision that locks in the second set of cuts, is broadly acceptable to Democrats, but the parties have been unable to agree on an enforcement mechanism. No Debt Deal: Democrats and Republicans Forge Ahead on Divergent Paths 2011-07-25T12:00:56Z It was the first time the SEC had filed a so-called clawback suit to wrest money from an executive who was not accused of complicity in accounting fraud. SEC rejects proposal by its enforcement staff to settle landmark ?clawback? suit 2011-07-20T16:46:49Z Banks have lifted base salaries, deferred bonus payments and introduced clawback provisions to protect against trades and deals that seem profitable at first, but may later go awry. Wall Street targets pay as trading revenue fizzles 2011-07-08T15:20:53Z Though soft economic growth, volatile markets and tighter rules rank as bigger worries for most on Wall Street than clawbacks triggered by the actions of traders, it is hard to ignore the risk completely. Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z As a result, he is seeking the return of $1 billion in what is known as a “clawback” action. Federal Judge Holds Financial Fate of Wilpon and Katz 2011-07-07T02:21:23Z The clawback provision was adopted as part of a broader rule aimed at setting the framework for the FDIC’s orderly liquidation powers. FDIC Adopts Pay Clawback Rule for Largest Bank Resolutions 2011-07-06T16:47:24Z The law’s clawback provision was meant to hold top executives accountable for fraud and to prevent them from profiting from it. SEC rejects proposal by its enforcement staff to settle landmark ?clawback? suit 2011-07-20T16:46:49Z A lot of European startups write clawbacks into employment contracts. Silicon Valley Wakes Up to Clawback Culture 2011-06-29T00:04:47Z Michael Deutsch, an employment lawyer who specializes in Wall Street pay, said that despite their prevalence, "the actual implementation of a clawback has been pretty rare." Bosses in Cross Hairs on Wall Street 2012-02-08T17:43:26Z "Removal of control numbers and the associated clawback arrangements would allow universities to offer places on programmes to home or EU students currently denied access, provided they satisfy entry requirements." Unis 'should sell extra places' 2011-04-20T23:06:25Z The agency would determine the size of the clawback after evaluating an executive’s role in the shareholders’ overall losses after liquidation. FDIC Adopts Pay Clawback Rule for Largest Bank Resolutions 2011-07-06T16:47:24Z The company also increased the portion of employees’ year-end compensation that is deferred and subject to clawbacks, Gorman wrote. Morgan Stanley’s Gorman Gets $14 Million 2010 Pay Package 2011-04-14T21:31:02Z In truth, clawbacks are much more common than the reporting may suggest. Silicon Valley Wakes Up to Clawback Culture 2011-06-29T00:04:47Z The company said it will fight any attempted clawback. Frustrated Massachusetts lawmakers grill firms on cuts 2011-03-29T21:33:33Z This means those staff are subject to more deferral of pay and clawback provisions than they might otherwise have been. RBS to reveal 300 staff each paid average of more than ?1m 2011-03-13T00:05:56Z The ability to clawback past gains in the event of a subsequent collapse should accrue to the board of directors, the shareholders and the SEC. Putting an end to Wall Street's 'I'll be gone, you'll be gone' bonuses 2011-03-12T23:08:01Z The trustee, who says the money rightfully belongs to investors who were defrauded, has filed "clawback" suits against many "net winners" - people who took out more than they put in. Republicans decry SEC chairman's response to Madoff fraud 2011-03-04T02:34:01Z According to a Bloomberg Businessweek report last year, fully 70 percent of America’s largest companies say they employ some form of clawback provisions. Silicon Valley Wakes Up to Clawback Culture 2011-06-29T00:04:47Z To return money to investors who lost money, the trustee has filed so-called "clawback" suits against many "net winners"- people who got more out of Madoff accounts than they put in. House Republicans press SEC on official's ties to Madoff 2011-03-02T01:37:02Z It abolishes collective bargaining without suggesting specific cuts or clawbacks, removing from the discussion the urgency to narrow any immediate deficit. The High Stakes Union Stare-Down 2011-02-24T04:01:15Z “Our equity awards vest over a multi-year period, are subject to clawbacks and cannot be hedged until they are delivered to our employees,” Mr. Duvally said. DealBook: Stock-Hedging Lets Bankers Skirt Efforts to Overhaul Pay 2011-02-05T22:04:59Z That's because, if investors were entitled to their full fictitious account balances, the money Becker withdrew would have been his own, and it would not have been subject to clawback, Bernfeld explained. Republicans decry SEC chairman's response to Madoff fraud 2011-03-04T02:34:01Z In the startup business, clawbacks are usually seen as a feature pushed by private equity—used by investors to exert pressure on staff and thereby maximize returns. Silicon Valley Wakes Up to Clawback Culture 2011-06-29T00:04:47Z This qualified the Mets as “net winners,” and subjected them to a potential clawback lawsuit that would seek to recover those profits and redistribute them to eligible victims. Mets Say They Will Seek to Sell Part of Team 2011-01-28T18:01:22Z Banks have shifted a large proportion of staff rewards from cash into longer-term share payouts, and they have attached "clawback" rules allowing them to recoup payments if losses come to light. Britain's best-paid bank boss set for showdown with MPs over huge bonus 2011-01-09T00:07:29Z If Picard continues to pursue claims after making creditors whole, lawyers for net winners said they would challenge his authority to litigate such clawback suits. In the Madoff case, "net winners" could get lucky 2010-12-28T23:38:54Z But investors facing clawbacks and their advocates say there may be people who don’t qualify for a hardship waiver who still ought not to be sued. Is It Fair to Sue Madoff Victims Who Made a Profit? 2010-12-21T18:00:00Z There will be clawbacks if the bank goes down the tubes. Bank Breakup Is Only Way to Fix Pay Conspiracy 2010-12-14T00:15:26Z The proposal would increase Simon Property’s stake in Capital Shopping to at least 18.4 percent, following a “clawback” option for other shareholders. British Mall Owner Rejects Aid From U.S. Shareholder 2010-12-13T01:56:00Z The proposal would lift Simon Property's stake in the UK firm to at least 18.4 percent, following a "clawback" option for other CSC shareholders. UPDATE 4-CSC rejects Simon Property's offer as 'impracticable' 2010-12-12T23:29:00Z His death also came on the cutoff date for trustees looking to clawback losses from the fraud to file final lawsuits. Bernard Madoff's son Mark found hanged 2010-12-11T15:34:00Z That subjected the account to a potential “clawback” lawsuit that would seek to recover those fake profits and redistribute them to the eligible victims. DealBook: Madoff Trustee Sues Mets Owners 2010-12-07T20:59:00Z The trustee, Irving H. Picard, faces a deadline this month for filing so-called clawback lawsuits seeking to recover money for Mr. Madoff’s victims. DealBook: Madoff Trustee Sues JPMorgan 2010-12-02T21:07:00Z Excluding the clawback, Simon Property could end up with a 27 percent stake in Capital Shopping, putting it just shy of a 30 percent shareholding that would incite an offer under British takeover rules. British Mall Owner Rejects Aid From U.S. Shareholder 2010-12-13T01:56:00Z Excluding the clawback, Simon Property could end up with a 27 percent stake in CSC, putting it just shy of a 30 percent shareholding that would trigger an offer under UK takeover rules. UPDATE 4-CSC rejects Simon Property's offer as 'impracticable' 2010-12-12T23:29:00Z Those moves come after the company had already responded to investor criticism by extending relocation-aid clawbacks to two years shortly before its 2009 annual meeting. Shareholders Hit the Roof Over Relocation Subsidies 2010-10-25T01:40:00Z The payments will be subject to "clawback" if related performance falters. Credit Suisse bypasses bankers' bonus tax with late payouts 2010-08-31T20:04:00Z These payments will be deferred and subject to clawback – but they all help. Credit Suisse's 'leadership awards' smell like bonuses 2010-08-31T20:12:00Z "We anticipate that all of our funds will be profitable and any final clawbacks will be insignificant," Blackstone said in an email. Blackstone pays clawback on real estate fund 2010-08-27T22:42:00Z Thus the issues about how to structure a separation as modified by the emerging clawback provisions may require careful balancing of competing factors. CEO Lessons from McChrystal's Sacking 2010-06-30T04:01:00Z On Friday Invest NI said £181,588 of that grant was paid and it is now seeking to clawback all of it. Bakery to shut with 42 job losses 2010-05-14T15:08:00Z Anyone subject to the clawback would be permanently barred from executive positions or board seats at any institution that has federal deposit insurance or protection for brokerage customers from the Securities Investor Protection Corp. 6 simple steps to fix Wall Street 2010-05-09T04:00:00Z The bank can force employees to return pay if they engage in “materially improper risk analysis or failed sufficiently to raise concerns about risks” — a policy known as a clawback. Executive Pay: A Special Report: C.E.O. Pay Slips 15% in 2009 2010-04-03T20:40:00Z The filing, dated Aug. 6 and earlier reported by Bloomberg, for the quarter ended June 30, said Blackstone's general partners paid an interim cash clawback obligation of $3 million relating to a real estate fund. Blackstone pays clawback on real estate fund 2010-08-27T22:42:00Z Other issues some investors say they are unhappy with include receiving 'clawback' money after tax rather than before; and some would like a move to a more European model. DEALTALK-Private equity investors increase clout 2010-04-01T23:18:00Z The extent of clawback depends on how many existing shareholders decide to exercise their subscription rights. Volkswagen cap hike raises $5.5 bln in net proceeds 2010-03-25T22:06:00Z Those bonus levels are well below the level set in 2007 and are now more closely tied to company performance through clawbacks and long-term restricted stock. FDIC's Bair blasts Wall Street's values on pay 2010-03-03T01:53:00Z Equilar says that the percentage of Fortune 100 firms that disclosed clawbacks last year rose to 73 percent from 64 percent. Executive Pay: A Special Report: C.E.O. Pay Slips 15% in 2009 2010-04-03T20:40:00Z He said efforts to reform pay have focused too much on structure -- deferring compensation, paying in stock, clawbacks -- and not enough on the amounts. Fed optimistic on changing Wall St pay packages 2010-02-25T19:54:00Z "I still don't think the industry gets it," said Mack, who said efforts to reform pay have focused too much on structure -- deferring compensation, paying in stock, clawbacks -- not enough on the amounts. Morgan Stanley's Mack concerned about politics 2010-02-25T02:01:00Z Portions of pay for some executives will be subject to clawbacks in the event of future losses. 2010-02-03T03:57:00Z Some payments will be subject to clawbacks, the report added. 2010-02-03T04:33:00Z Equilar says that most clawbacks occur only if top executives engage in unethical conduct or misdeeds that result in financial misstatements. Executive Pay: A Special Report: C.E.O. Pay Slips 15% in 2009 2010-04-03T20:40:00Z Instead, the Wall Street executives said they had instituted so-called "clawback" provisions, which allow the banks to reclaim compensation from bankers who have sold products that cause the firm losses down the road. 2010-01-14T09:50:00Z A few months ago, Morgan Stanley extended its clawbacks to trades that end up being losers. 2010-01-27T08:05:00Z The plan would reward pay structures that tie banker pay to long-term performance and include "clawback" provisions to recoup payments. 2010-01-12T16:10:00Z These so-called “clawback provisions” are making their recipients more conservative — and the financial planning more difficult. 2010-01-23T06:24:00Z “I’ve always supported clawbacks, but they are almost impossible to enforce,” he says. Executive Pay: A Special Report: C.E.O. Pay Slips 15% in 2009 2010-04-03T20:40:00Z Because of time constraints, the executives were asked to respond to the panel in writing whether such clawback provisions have even been used. 2010-01-14T09:50:00Z Bank of America is planning to extend its clawback provision to its top executives. 2010-01-27T08:05:00Z Banks with plans that favor short-term gains would pay more than those that, for example, include multiyear clawbacks on bonuses. 2010-01-08T04:14:00Z Only the employees' deferred compensation is subject to the clawback, which is about three-quarters of pay for most executives. 2010-01-27T08:05:00Z While compensation consultants say clawbacks are a nice idea, they are very hard to execute. 2010-01-27T08:05:00Z In order to get around the repayment problem, a number of firms say their clawbacks will only apply to deferred compensation and not immediate cash payments. 2010-01-27T08:05:00Z |
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