发布资金信息 发布项目融资 申请上市辅导 发布金融峰会 发布文章资讯

Pay Czar Clause

   时间:2018-05-02 17:31:22     浏览:107    评论:0    
核心提示:A buzz word describing a clause found in financial institutions' employment contracts that would subject compensation terms to the U.S. government's approval. These clauses would allow the financial institution to offer attractive bonus plans to
A buzz word describing a clause found in financial institutions' employment contracts that would subject compensation terms to the U.S. government's approval. These clauses would allow the financial institution to offer attractive bonus plans to employees, but also provide recourse in the event that the government prevents the payout from happening, either through regulations or direct intervention.

As a result of the TARP in 2009, some financial institutions were the subject of much public outcry when it was found out that some of the bailed-out banks needed to pay millions in bonus pay as a result of employee contracts made prior to the financial crisis. Adding a "pay czar" clause to an employment contract will effectively leave the fate of executive compensation at bailed-out firms in the hands of the pay czar, the U.S. government's official representative in charge of overseeing executive compensation.



 
打赏
 
更多>同类金融学院
0相关评论

推荐图文
推荐金融学院
点击排行
关于我们 | 组织结构 | 企业文化 | 公司动态 | 管理团队 | 行为准则 | 投资策略 | 投资保障 | 风险控制 | 经典案例 | 联系我们 | 网站地图 | 广告服务 | RSS订阅 | 友情链接
Copyright © 2006-2018 投融网 Inc. All rights reserved.
粤ICP备16012416号
联系我们
QQ咨询
电话咨询
email
在线留言
微信联系
返回顶部