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"The full extent of the partner compensation arrangements is subject of continuing investigation, " said Joff Mitchell, its chief restructuring officer.
BBC: Major US law firm files for bankruptcy protection
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While RBS was careful to state that Hourican had no role in the wrongdoing, it ultimately took place on his watch and he will forfeit his unvested bonus and the portions of his long-term compensation subject to clawbacks.
FORBES: RBS Latest To Cough Up Libor Settlement, Will Pay $615 Million
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While fees will almost certainly increase, overall compensation derived from pensions by consultants subject to conflicts of interest will dramatically decline.
FORBES: SEC Scrutiny of Pension Consultants: A Call To Action (February 28, 2004 )
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If shares of stock used as compensation have an ascertainable value, they are immediately subject to income and payroll taxes.
FORBES: Hire now, pay later
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Women are still subject to compensation inequity again, as a group but in an increasing number of families, the wife is out-earning the husband.
FORBES: Men Choosing Fatherhood Over Careers
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Yes, the burdens and risks of directorships are significantly greater than in the past, and they do justify higher equity-based compensation subject to corporate performance.
FORBES: Pay Hikes for Directors Should Trigger Clear, Confident Communications