Clawing Back Bankers' Pay: Why It's Harder Than It Looks

The transcript discusses the complexities of clawback procedures, particularly in retrieving unvested awards from executives. It highlights the challenges companies face, such as legal hurdles and the decision to cancel future awards instead. The discussion includes examples of executive compensation, notable clawback cases like JP Morgan's London Whale, and the distinction between bonuses and malices. The transcript also addresses the hesitations boards face in implementing malice policies despite reputational harm, questioning why these options are not more frequently utilized.

What was the estimated amount that Carrie Tolstedt would leave with upon retirement?

What factors contribute to the hesitation of boards to implement clawback policies?