Re:Tester tells Fed to ‘claw back’ bonuses from Silicon Vall...
by avgDev on Wednesday March 15, 2023 @01:37PM
(#35171910)
We are talking executives here not just EMPLOYEES.
Executives are the ones that know it is a sinking ship. If actions they approved are sinking the ship and FDIC needs to step in to make people whole, then they should not be getting money the day before.
An example how individuals are treated when applying for medicaid long-term care. There is 5 year claw back period. They will look if you got rid of your house, gifted money etc., before using tax payer money for your care.
I see no problem on having a claw back period for executives. I would argue an agency should try to claw back more than just bonuses from executives if their actions result in costing tax payers money.
Executives are the ones that know it is a sinking ship. If actions they approved are sinking the ship and FDIC needs to step in to make people whole, then they should not be getting money the day before.
An example how individuals are treated when applying for medicaid long-term care. There is 5 year claw back period. They will look if you got rid of your house, gifted money etc., before using tax payer money for your care.
I see no problem on having a claw back period for executives. I would argue an agency should try to claw back more than just bonuses from executives if their actions result in costing tax payers money.