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I don't want to pile on the execs more, but I am suspicious of the "far in excess" number. In absolute terms, sure. Line workers probably don't have any clawb
by taeric 4y ago
I don't want to pile on the execs more, but I am suspicious of the "far in excess" number. In absolute terms, sure. Line workers probably don't have any clawback. But even after that clawback, I'm guessing the execs walk away fine?
- fnordpiglet 4y agoI’m not familiar with CS’ structure but the ones I am senior Execs can have 10–15 years of comp clawed back. Line employees still have clawbacks but it’s usually narrower (3-5 years) and a much smaller percentage of comp (100% vs 10% for example) Note the most serious clawbacks are for criminal behavior or extraordinary mismanagement. I doubt they’re invoking severe clawbacks at the extremes (100% for example)
- taeric 4y agoRight, the clawbacks for criminal behavior honestly feel out of scope anyway. And most extraordinary mismanagement will fall under fraud, so is in that same bucket. As such, I'm assuming we are not talking about 100% clawback in most cases. Such that even with the clawback I would expect to see, I'm also still expecting that they made way more money than line employees. I'd be interested in peeking at the numbers, though. Neat topic.