The allegations included overstating earnings, understating asset values, forging invoices, and paying excessive executive bonuses.
Ignon pointed out that the hedge funds will be largely responsible for funding the executive bonuses.
That money went directly into the pockets and executive bonuses of Goldman Sachs, Societe Generale and Deutsche Bank.
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Ignon kept emphasizing to me that the executive bonuses are contingent on maximizing the value of the company.
Spitzer told CNN that executive bonuses may grab headlines, but the insurance company's payouts on complicated financial instruments deserve closer examination.
Transocean uses two safety criteria to calculate executive bonuses: the rate of incidents per 200, 000 hours that employees work, and the potential severity of those incidents.
Hassan knew Schering was looking at losses for at least the next 12 months, so he froze hiring, cut the dividend by 65% and eliminated executive bonuses.
Just as top executive bonuses are used to incentivize performance, responsible corporate boards should demand that clawbacks provisions be put in place to disincentivize fraudulent business practices.
Chris Dodd, D-Connecticut, told CNN last week that someone at the Treasury Department told him to put in the language in the bailout bill allowing for executive bonuses.
Shabbiest of all has been the government's handling of executive bonuses at the Royal Bank of Scotland, which has been mostly owned by the state since its bail-out in 2008 (see Bagehot).
Adopt policies and structures to recoup executive bonuses and share dividends enjoyed by top officials of companies that undertake frauds against the government, similar to what Dodd-Frank mandates for reporting erroneous financial information.
The temptation for lawmakers and regulators amid an economic crisis is to employ measures that overcompensate and over-regulate by appealing to populist angers, such as outrage over executive bonuses, rather than making finely considered tweaks.
Gou envisions a fully-automated (and presumably almost employee-free) component factory inside of five years, has qualms about expanding his manufacturing presence in America ("I don't want to spend time having people sue me every day"), and pays executive bonuses out of his own dividends to protect the company's bottom line... so yeah, he's quite the industrialist.
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If these criteria were considered to be a part of executive performance, bonuses would have been much lower and less extravagant in 2010, and total compensation for executives would not have made such a dramatic upward movement.
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The four most senior, led by Bob Diamond, the chief executive, are waiving their bonuses.
Cayne and other members of the executive committee did not get bonuses for the year.
Its annual accounts, published this week, show that its five executive directors will qualify for bonuses of up to 60% of their salaries, even if the company performs worse than its much-criticised predecessor.
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What else could result from Congress's fury at runaway executive pay, outrageous Wall Street bonuses and handsome rewards for failure?
The performance criteria used to determine the annual bonuses for the named executive officers were net sales and operating income as determined in accordance with generally accepted accounting principles.
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In one chapter he describes experiments suggesting that large bonuses won't improve executive performance.
The Options Group, an executive search firm, estimates that worldwide bonuses will be 15 to 20 percent higher than they were last year.
Even in the U.K, where there is considerable political backlash in bonus awards, it has been easier to strip executives of their knighthood, as was the case with former RBS chief executive Fred Goodwin, rather than clawback bonuses.
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The Associated Press formula for determining an executive's total compensation calculates salary, bonuses, perquisites, above-market interest that the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.
Forty of Sony's top executives, including Kazuo Hirai, the chief executive since last year, are to give up bonuses worth 30-50 per cent of their pay after they failed to keep a promise to return the division to profit.
Last week, Chief Executive Bob Diamond and Finance Director Chris Lucas agreed to cut bonuses until the bank improves its profitability.
The 2012 bonuses were announced to employees in an internal memo by chief executive Richard Handler and picked up by Bloomberg.
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The AP formula calculates an executive's total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest that the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.
The new law takes away big bonuses and paydays from failed CEOs, while giving shareholders a say on executive salaries.
If he wants to defuse the whole row over executive pay, he could present business leaders with a stark choice: gongs or bonuses?
The difference in payouts suggests that the curbs on executive compensation at TARP recipients have some bite -- despite the furor over hefty bonuses at American International Group Inc.
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