Word: toppings
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...Sundance Channel, in 1996 to air films, documentaries and original series commercial-free. There is also a Sundance mail-order catalog selling home decorations, gifts and clothing; a Sundance resort in Sundance, Utah; and most recently, Sundance cinemas in San Francisco and Madison, Wis. (See the top 10 films...
...premiere at the Slamdance Film Festival, which was founded by four Sundance rejects in 1995 and takes place in Park City at the same time. Paranormal Activity was made for $11,000, was picked up by Paramount and made more than $123 million at the box office. (See the top 10 movie performances...
...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...
Fearing regulation, financial firms are eager to prove they can police their own pay policies. At a recent Washington hearing into the causes of the 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...
Citigroup's clawback only applies to its top executives, or about 200 of the company's 250,000 employees. And it only requires employees to return pay in instances when they have broken either the law or firm policies. Bad trades are exempt. But unlike other firms, Citigroup's clawback covers all types of pay, including cash or vested stock...