I'm wondering how much of that language is common to all publicly traded companies and how often the clawback policy is actually activated. Maybe the board sees

I'm wondering how much of that language is common to all publicly traded companies and how often the clawback policy is actually activated. Maybe the board sees enforcing the clause to be detrimental because it would impair their ability to hire another CEO, or it would have a chilling effect on the performance of CEOs in general. The board members are all wealthy themselves so this isn't a decision that affects their lives in any material way, except for their likelihood of being appointed to other company boards in the future. They basically meet in a fancy conference room once every six weeks to eat an expensive lunch and play-act at running a company.