Macy’s is demanding its executives return bonuses they received last year that were linked to an accounting scandal caused by a rogue employee, the company said in a filing on Monday.

Clawback provisions have to be drafted with extreme care and avoid some common pitfalls that may enable the executive to wiggle out from under the penalty. The terms of bonus clawback provisions ...

The cash award is to be paid in two installments by next March and is subject to clawback provisions that could require Lawton to repay the bonus if he voluntarily leaves Macy’s within 24 months.

Australia's government will support new laws clawing back bonuses paid to directors and executives in the event of a misstatement in a company's financial statements, Treasurer Wayne Swan said on ...

But while Dimon's bonus for 2012 was slashed, the bank has not disclosed any clawback of Dimon's pay. Related: Executive pay bonuses just a shareholder pacifier?

Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay.

A discussion of the final clawback rules published by the SEC on Nov. 28, 2022, in response to the requirement under the Dodd-Frank Wall Street Reform and Consumer Protection Act to increase ...

A well-drafted clawback clause requiring an employee to repay their bonus should not constitute a restraint of trade and should be enforceable.

Three large New York-based banks, responding to a demand from the city's comptroller, have agreed to expand policies to "claw back' executive bonuses in cases of misconduct.

The ABP stipulates that any awards given to executive officers are subject to the company's clawback policy. This includes any additional compensation recovery policies that may be adopted by the ...

The so-called clawback requirements are meant to hold corporate leaders accountable for the errors, whether they’re the result of fraud or simply mistakes. Have a confidential tip for our reporters?

Macy’s is demanding its executives return bonuses they received last year that were linked to an accounting scandal caused by a rogue employee, the company said in a filing on Monday.