Daily News: August 30, 2012

CFO: Are Banks Soft-Pedaling Clawbacks?


CFO.com reported that new research suggests that the financial-services sector, though ripe with instances of negligence and other malfeasance, is not yet moving aggressively to reclaim compensation from perpetrators.

At a time when news of banking scandals is uncomfortably frequent, a new report by the consulting firm Mercer said that last year only 17% of global banking organizations “clawed back” compensation payments previously made to employees, CFO reported.

To read the full CFO article, click here.