To: Dr. Scarpetta
Watching all of this, the group of 10 Harvard alumni from the class of 1969 feel vindicated. "The events of the last year show that the whole procedure of rewarding people so handsomely based on increases on paper value of the endowment was deeply flawed," says a spokesman for the group, which recently sent a letter to the Harvard president suggesting HMC staffers return $21 million of their latest bonuses.This is known as clawback, this idea is spreading and God willing some will be clawed back from the thieves of Wall Street
8 posted on
02/26/2009 4:17:02 AM PST by
dennisw
(Archimedes--- Give me a place to stand, and I will move the Earth)
To: dennisw
To: dennisw
Yes, that is the only way making them held accountable: you make the risky decision, and you should share its losses as well as its fruits.
10 posted on
02/26/2009 4:23:21 AM PST by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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