Performance-based compensation of bank CEOs and CFOs at public companies has been left vulnerable to “clawback” forfeiture under a new position staked out by the SEC. The agency has demanded that a CEO surrender $4.1 million because of staff misconduct he did not know about that led to a restatement of financials.
Posts Tagged ‘CFO Pay’
Published in The New York Times May 5, 2009 by Cari Tuna
Lower bonuses dragged down chief financial officer compensation in 2008, according to a new study by compensation-research firm Equilar Inc.