Word: rightfully
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...Rather than relying on clawbacks, companies should make sure they get their compensation decisions right in the first place," says Hye-Won Choi, who is the head of corporate governance at TIAA-CREF, which manages retirement accounts. "It is much easier not to give awards up front than it is to take them back once paid...
...financial crisis, executives from four top banks all cited recently instituted clawback provisions as evidence the firms had reformed the pay practices that many believe were at the root of the financial crisis. Clawback provisions are at the heart of that effort. While companies have always had the right to sue employees for ill-gotten gains, more firms are adding provisions to reclaim pay not just for illegal behavior, but poor decisions. And they are expanding those provisions to more employees. A few months ago, Morgan Stanley extended its clawbacks to trades that end up being losers. Bank of America...
...driver and I left the petroleum announcement and headed back toward the Hamra Hotel, we saw a dusty cloud rising deep in the neighborhood to our right. "Perhaps a mortar into the Green Zone," he suggested. We tried to find out but the phones were already jammed. We had almost arrived at the rear access road to the Hamra when the second bomb exploded, near the Babylon Hotel. We had driven by it just minutes before, and our car jumped. We sped closer to the rear checkpoint of the Hamra compound, where the security guards were already out in full...
...third bombing of the day. Hotel guards were in a five-minute standoff they would lose, firing their AK-47s at a gunman on the other side of the checkpoint. My driver slammed on the brakes, put the car into reverse and wove around cars, people and concrete barriers, right up to the entrance of the hotel. We then ran into the lobby, where a handful of workers and guests were standing as the gunfire continued outside. (See how close Iraq came to total chaos...
...President Mahinda Rajapaksa and his challenger, the former army commander Sarath Fonseka, is unexpectedly close. Rajapaksa won the war against the Liberation Tigers of Tamil Eelam (LTTE), a brutal ethnic separatist group that once controlled much of northern and eastern Sri Lanka. But Fonseka, a hero in his own right in the same war, is a formidable opponent. He represents a patchwork coalition of opposition parties united in their antipathy to Rajapaksa, whom they say has disregarded the rights of the Tamil minority and indulged in blatant crony capitalism.(Watch a video about the final days of Sri Lanka...