Word: cashes
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...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. At Morgan Stanley, for instance, the firm's clawback provision only applies to the portion of their employees' compensation that is paid in deferred cash, which for most employees is only about a third of their pay. The other two-thirds of the firm's employees' compensation, paid out in cash and restricted stock, are not subject to the clawback provision. But in limiting the repayment provisions, Morgan Stanley might actually be promoting risky behavior...
...executives, or about 200 of the company's 250,000 employees. And it only requires employees to return pay in instances when they have broken either the law or firm policies. Bad trades are exempt. But unlike other firms, Citigroup's clawback covers all types of pay, including cash or vested stock...
Even as the tech world waits in anticipation of the expected introduction of its tablet on Wednesday, Steve Jobs and company are quietly shopping for ways to strengthen Apple's softer side - that is, its software. A hefty stock price and a growing cash reserve of $23 billion has put Apple in prime position to acquire some winners. (See the top iPhone applications...
Peter Misek, technology analyst for Canaccord Adams, a financial-consulting firm, says Apple may have its hand forced by impatient investors who don't want to see their money lying around unused. "If the cash pile continues to grow," says Misek, "there will be investors who ask, What are you doing with our cash...
...Still, doves want to know why he isn't providing even more gas. Part of the answer is that he doesn't seem to think that pouring more cash into the banking system would generate many jobs, because liquidity is not the current problem. Banks already have reserves; they just aren't using them to make loans and spur economic activity. Bernanke thinks injecting even more money would be like pushing on a string...