Word: returnned
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...past few months, a number of financial firms have instituted or beefed up rules that would allow them to force employees to return year-end bonuses. So-called clawbacks would be triggered by subsequently discovered misconduct and some firms say they may even apply in cases where employees made trades that looked profitable at first, but go sour. (See the financial crisis after one year...
...employment lawyers and pay experts say more needs to be done to rein in Wall Street compensation. In practice, it is 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...
...Saints might win the Super Bowl in two weeks, but sooner or later the talk of the league will return to Favre - the man whom Vikings fans have hated to love, whom Packers fans have come to regard with a sense of wounded fascination. The retirement rumors will persist. If he goes to yet another team, the identity crisis will deepen. As for myself, I know why the Packers let him go, I know why he can't come back, and yet there I was rooting for the guy on Sunday, marveling at the grit and heartbroken at the loss...
...could, British officials hailed the official end of a recession that began in the second quarter of 2008. Though tiny, the country's fourth-quarter growth ended the nation's most severe economic slide in more than half a century - one responsible for a 6.1% decline in growth. The return to positive growth, however slight, was enough for Alistair Darling, the Chancellor of the Exchequer, to declare, "We are on a path to recovery," even if he qualified it by adding that he'll "always remain cautious." (See the best business deals...
...Just as bad, most observers also aren't buying the hopeful government predictions that, however small the fourth-quarter growth was, renewed positive output marks the beginning of a gradual return to normal economic activity. That skepticism applies to the rest of Europe and other parts of the world as well. Analysts say that even though countries like France, Germany and the U.S. emerged from the recession months ago, their economic performances since then have remained very weak and vulnerable to setbacks. The reason? These countries returned to growth the same way Britain did: through massive infusions of state money...