Sharper Claws for Recovering Executive Pay

The New York Times
Gretchen Morgenson
Read the article here.
Excerpt:

INVESTORS everywhere should applaud the deal struck last week by the UnitedHealth Group to recover nearly $1 billion in pay from former executives involved in the company’s option backdating mess.

Not only is the number big and round — by far the largest giveback by corporate executives ever — but the recovery sets a standard of behavior for other companies and boards when performance pay is later shown to have been based on ephemeral earnings.

Leave a Reply

Your email address will not be published. Required fields are marked *