Can Financial Firms Get Executives to Give Back Pay?


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Published in Time January 27, 2010 by Stephen Gandel

In the 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.

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