Word: clawbackã
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Dates: during 2006-2006
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...benefit of current and future generations of fund managers.” Managers at HMC receive a base salary of $400,000 and a bonus that is tied to how their portfolio performs relative to a benchmark measuring market performance. The system also includes a “clawback?? provision, which withholds part of the earnings dependent on future returns. University officials have indicated that the compensation plan is here to stay under the firm’s new chief, Mohamed A. El-Erian, who will take the helm early this year. “The board...
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