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February 23rd

  • After Losses, a Move to Reclaim Executive Paychecks - NYTimes.com: Executives at seven major financial institutions that have collapsed, were sold at distressed prices or are in deep to the taxpayer received $464 million in performance pay since 2005, according to an analysis performed for The New York Times. Almost half of that consisted of cash compensation.

February 22nd

November 8th

  • Editorial - Money Really Is Fungible - NYTimes.com: >bankers are salting money away in billionaire bonus pools to reward themselves for their performance.&g t;Bonuses limited only for inaccurate statements or earnings or taking unnecessary and excessive risks.>Cuom o asking for information about bonus pools and has used laws on fraudulent payments to suspend some payments at AIG>Institu re a system of incentives that align rewards with long-term success. Temper banks appetite for risk.

October 19th

  • After W., Le Deluge - NYTimes 10-18-08: He is using a state ?claw back? law, which he says allows him to recover contracts and rescind payments if there was unjust compensation. Let?s hope that if Barack Obama becomes president, the first thing he does is keep his promise to make the junketeers come to Washington (preferably by bus or carpooling) and write the U.S. Treasury a check, after which he will fire them on the spot.

October 14th

October 4th

  • Escaping Litigation's Technological Quicksand: The factor that more than any other drives corporations to spend more on litigation is fear of privilege waiver. To prevent waiver, attorneys must examine each document in an expensive process known as a preproduction privilege review. Not surprisingly, given the burgeoning sizes of data sets, this process has turned into an electronic tsunami.

September 22nd

  • Democrats Set Terms as Bailout Debate Begins - NYTimes 9-22-08: Under a so-called claw-back provision, the secretary would have the power to force companies to recoup previous payments to executives of companies involved in the program. And Mr. Frank?s plan would give broad authority for the Government Accountability Office, an investigative arm of Congress, to audit and oversee the program.
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