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Clawback Provision
Latest Headlines
Latest Headlines
FCIC head slams Citi over CEO pay
Bank boards have been under pressure lately to do a better job of paying their top executives. There has been a lot of handwringing about getting the appropriate mix of incentive pay and salar in
SEC invokes clawback clause in new way
A sign of the times: The SEC has invoked the clawback provision of Sarbanes-Oxley to demand that the former CEO of CSK Auto, Maynard Jenkins, give up $4.1 million from bonuses and gains on stock
Unintended consequence: Sarbox clawback helps execs keep money
Recall that Section 304 of Sarbanes-Oxley offered what everyone thought was a clawback provision: If an issuer is "required to prepare an accounting restatement due to material noncompliance," the
What to make of the Morgan Stanley bonus news?
Bonuses, specifically whether to pay them or not, have been a huge issue as of late, one made more complicated by the fact that the top banks have all accepted (with no choice) TARP funds. Morgan
