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...often hard to get employees to return pay. Moves to limit clawbacks only to deferred compensation (money that is earned but not paid out until a specified future date), which is the easiest to recover, may actually increase risky behavior. What's more, clawbacks vary widely from firm to firm. Some provisions only cover top executives; other firms exclude top executives from the plans...
Clawbacks are catching on in other industries. A recent study by executive compensation research firm Equilar found that nearly 73% of Fortune 100 companies now had clawback provisions in their executive pay packages, up from just under...
...figure for the fourth quarter, economists noted. "When the results were announced this morning during the meeting we were holding for the occasion, the hundreds of gathered guests all howled in derision and embarrassment at the figures they heard," says David Buik, a market analyst at the London brokerage firm BGC Partners. "It wasn't antipatriotic but rather the expression of enormous frustration at seeing so much money and effort made to stimulate economic and industrial activity for such meager returns." (See pictures of the economic crisis in London...
...Clouds Part But by early 2007, Ho had already glimpsed the possibility of an answer. In Houston the biotech firm Tanox had developed a compound that it thought might interest him. Ho knew Tanox well. He is a friend of one of the company's co-founders and is a member of its scientific-advisory board, so if the scientists there thought they were onto something, he suspected it was worth a look...
...Santa Clara County Superior Court, Koh began her career at the Department of Justice and then moved to the U.S. Attorney’s Office in Los Angeles to prosecute violent crime and fraud cases. She later worked as an intellectual property litigator in Silicon Valley with the firm McDermott, Will & Emery...