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...There has also been mixed success with legislating clawbacks. The Sarbanes-Oxley Act, passed in 2002 in the wake of accounting scandals at Enron and other companies, required CEOs and CFOs of companies that have to restate earnings because of financial misconduct to pay back bonuses and incentive compensation. But that provision proved largely ineffective. The SEC didn't bring a case under this provision for four years, and when it finally found success - UnitedHealth's former CEO was forced to pay back more than $400 million worth of stock options gains, unexercised options and retirement pay after a stock...

Author: /time Magazine | Title: Do Caps on Executive Compensation Really Work? | 9/25/2008 | See Source »

...made a few boo-boos the first few days,” Jeanne-Claude said in a clip from a documentary that was shown at the event. “I would knock on the door at a reasonable time, like 7:30 or 8 p.m., and I would wake up the whole house.” But after overcoming early misunderstandings, she said the rancher community turned into one of her most valued allies. “Ranchers are very pragmatic people, they are hard workers, and they understood we are hard workers,” she said...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Harvard Law School Honors ‘The Gates’ Artists | 9/24/2008 | See Source »

...signs that growing numbers of Pakistanis are ready to embrace the fight against terrorism as their own. "It may have started off as America's war, but this is now clearly Pakistan's fight," says retired general turned liberal analyst Talat Masood, echoing a widely held view in the wake of the Marriott attack. To turn that sentiment into an effective campaign, however, Masood says the government will need support from previously ambivalent political parties - and to do that, it will have to demonstrate its independence from Washington...

Author: /time Magazine | Title: Zardari Tries to Keep His Distance from US | 9/24/2008 | See Source »

...presence of security cameras has become an issue beyond this specific case. In the wake of the anti-gay violence, Alemanno recently called for more video surveillance near the Coliseum, but gay rights groups oppose the measure as a violation of their privacy. But if what the two defendants shared was indeed just an innocent kiss, an extra camera or two might have been an invasion of their privacy that could set them free...

Author: /time Magazine | Title: Gay-Rights Clash Over Rome Coliseum Kiss | 9/24/2008 | See Source »

...rations last about 10 days and then the Cubans are left to resolve their problems, and what that has created is an amazing culture of corruption.” Despite the tense relations between the two countries, the U.S. government has offered aid to Cuba four times in the wake of two recent hurricanes that struck the island, Gutierrez said. Cuba’s government has refused each time. “I find that the extreme of politics. I don’t think that the people who are starving confuse dignity with starvation,” Gutierrez said...

Author: By Carola A. Cintron-arroyo, CONTRIBUTING WRITER | Title: U.S. Secretary of Commerce Gutierrez Addresses Cuban Relations | 9/23/2008 | See Source »

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