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...order to get around the repayment problem, a number of firms say their clawbacks will only apply to deferred compensation and not immediate cash payments. At Morgan Stanley, for instance, the firm's clawback provision only applies to the portion of their employees' compensation that is paid in deferred cash, which for most employees is only about a third of their pay. The other two-thirds of the firm's employees' compensation, paid out in cash and restricted stock, are not subject to the clawback provision. But in limiting the repayment provisions, Morgan Stanley might actually be promoting risky behavior...

Author: /time Magazine | Title: Can Financial Firms Get Executives to Give Back Pay? | 1/27/2010 | See Source »

...officials note that since the fall, the company has been conducting an exhaustive review of factors that might have contributed to the growing number of unintended-acceleration cases filed with the National Highway Traffic Safety Administration. Pinning down the cause of unintended acceleration is extremely difficult, automotive-engineering experts say, because laboratory tests may not be able to replicate unusual situations that arise in real-world driving...

Author: /time Magazine | Title: Toyota's Recall Will Test Customer Loyalty | 1/27/2010 | See Source »

...believed AIG could have struck deals with the big banks that would have saved the company money. At issue were the credit-default swaps - essentially bond insurance that would pay out if borrowers didn't - that AIG had sold to a number of large banks and financial firms. Lawyers say there would have been nothing legally wrong with AIG's negotiating to pay some banks less than others on the CDS insurance they had bought from AIG. In fact, since the CDS contracts insured different bonds, it would have been normal for those insurance contracts to be settled at different...

Author: /time Magazine | Title: Could the U.S. Have Saved Billions on AIG Rescue? | 1/27/2010 | See Source »

After all, somebody has to say it: Death to skinny jeans...

Author: By James K. Mcauley | Title: Death to Skinny Jeans | 1/27/2010 | See Source »

This short, short story comments on women and the adoption of animals. An interesting revelation: "Every time you see a beautiful woman, someone is tired of her, so the men say...

Author: By Xi Yu, CRIMSON STAFF WRITER | Title: The Low Down on the Bestiary | 1/27/2010 | See Source »

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