Word: clawbacks
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...word for it is clawback, and it's not forthcoming, at least not anytime soon. "I'm just a plain old country lawyer, and I haven't heard from anybody who counts," says Thomas, a veteran of the Environmental Protection Agency and a couple of big law firms who is now a solo practitioner in suburban Boston--and whose letters to Capitol Hill have so far gone unanswered. Also, clawing back money from individual employees, as Thomas proposes, is a far more fraught and complex endeavor than hitting up corporations, as Superfund does...
Still, while Thomas' bold idea is a long shot, talk of more modest clawbacks is in vogue on Wall Street. Clawback provisions have long been standard at venture-capital and private-equity firms, where partners are expected to regurgitate past earnings to make good on unmet promises to investors. And wherever outright fraud can be proved, those who benefited can be forced by the courts to disgorge their gains--as investors who withdrew money from Bernard Madoff's apparent Ponzi scheme before it collapsed might discover in the coming months...
...will be included in the bailout bill. Ideas being batted around include a temporary elimination of golden parachutes (payouts that executives collect when they lose their jobs); a lower limit on the amount of an executive's base salary that companies can deduct from their taxes (currently $1 million); "clawback" provisions to help recoup bonuses paid based on earnings or other metrics that later prove to be inaccurate; and limits on incentives for "excessive" risk-taking...
...earlier blown a wide-open chanced from yards away - caught Turkish keeper Recber Rustu off his line and lobbed a pass to Ivan Klasnic for a free header and a goal at 119 minutes. But nothing seems to motivate the Turks more than getting behind, as they demonstrated in clawback wins against both Switzerland and, sensationally, the Czech Republic. The Croats had barely pulled themselves off of their victory pile when Semih Senturk somehow responded at 121:46 (the latest ever goal in the tournament's history) with an unstoppable smash off a long kick from Rustu that somehow ended...
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...