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We're talking about severance pay that they were paid in the course of being fired. It's not clear to me that it should have been paid in the first place.
by razorunreal 9y ago
We're talking about severance pay that they were paid in the course of being fired. It's not clear to me that it should have been paid in the first place.
- smsm42 9y agoWell, if that's just severance that may be simpler case. But in general clawback clauses may extend years behind. OTOH, Wikipedia says[1]: The prevalence of clawback provisions among Fortune 100 companies increased from lower than 3% prior to 2005 to 82% in 2010. If everybody (or nearly everybody) starts doing so, then the competitive disadvantage of having such clauses is reduced, since it may still be better to have risky CEO job in F100 company than not having one. [1] https://en.wikipedia.org/wiki/Clawback https://en.wikipedia.org/wiki/Clawback