Word: clawback
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Dates: during 1990-1999
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...system of compensation includes "clawback" provisions, which withhold portions of bonuses contingent on future performance. Managers could lose the withheld portions if future investments perform below benchmark...
This year's compensation swelled as result of the accumulated success of HMC in prior years. The company uses a "clawback" system where some bonuses are withheld, in case an investment loses its value...
...midst of this scramble, some governments are setting up controls to keep the fight from getting completely out of hand. Connecticut, for example, has created "clawback" agreements that require corporations that fail to meet job targets to repay tax subsidies. Minnesota scaled back $620 million in aid to Northwest Airlines after it delivered fewer than 1,000 of 1,500 promised jobs. Washington has also grown concerned. Senator Jeff Bingaman, a New Mexico Democrat, wants the Commerce Department to decide whether companies that receive tax benefits should be required to file cost-benefit analyses and stand behind their job pledges...