Even with unabated economic headwinds and a stunning number of tech layoffs — with an estimated 64,865 affected workers in 2023 so far, according to Layoffs.fyi, in addition to the over 47,000 laid off last year — workers in Silicon Valley’s flagship industry were getting paid handsomely through 2022. The average median salary of 15…
After years of anticipation from corporations, institutional investors and better-business advocates, the Securities and Exchange Commission adopted its final clawback rule Wednesday requiring companies to recover erroneously awarded incentive-based compensation after making a financial restatement. The new rule will force companies to craft policies aligned with the SEC’s rule – and that also goes for…
The Securities & Exchange Commission on Wednesday adopted a new rule requiring companies to recoup “erroneously awarded” incentive-based compensation after filing a restatement to correct inaccurate financials. It also goes a step further than what was initially proposed in 2015 by including both “Big R’” and “little r” restatements as potential clawback triggers under these…