Clawbacks and the Heat Index
Posted on Monday, June 9, 2008 by Frank RocheIt’s too hot to type today. We’re going to have a 105F heat index in Philly this afternoon. So I’m conserving my energy and pointing you to an excellent article in the NYT yesterday by Gretchen Morgenson titled “Pay It Back If You Didn’t Earn It.” [Reg. required, but you might as well. The NYT has excellent business articles.]
The article is about clawbacks for executive pay that was based on bad financial figures. There are 300 companies that are doing it this proxy season, as compared to only 14 companies four years ago. A great line: “Only in executive payland would figures like these qualify as progress.”
About the heat index: Stay indoors between noon and six. Drink plenty of water. Restrict your physical activity to only the necessary actions. I’ll be back to regular typing when the temps dip below 90.
Bill Strahan
Jun 10th, 2008
In heat like this, I would rather think about blue claw crabs; a cold sixer of Yuengling and share than clawbacks.
Frank Roche
Jun 10th, 2008
Bill, that’s the real solution. Man, I love me some Old Bay seasoned crabs and Yuengling. That’s some good living.