Difference between revisions of "Clawback"
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| − | '''Clawback''' is a procedure for a financial company to be refunded bonus payments paid to employees in previous years in light of current losses. It has been widely proposed in 2009 but seldom used. | + | '''Clawback''' is a procedure for a financial company to be refunded bonus payments paid to employees in previous years in light of current losses. It is also used to recover commissions paid to other companies. It has been widely proposed in 2009 but seldom used. |
[[Category:Finance]] | [[Category:Finance]] | ||
Revision as of 00:22, March 29, 2009
Clawback is a procedure for a financial company to be refunded bonus payments paid to employees in previous years in light of current losses. It is also used to recover commissions paid to other companies. It has been widely proposed in 2009 but seldom used.