Wall Street firms implement stricter rules on pay

01/26/2010 | Wall Street Journal, The

Financial institutions and securities firms are toughening claw-back provisions that allow them to seize compensation from employees in the event their bets sour later. JPMorgan Chase, Bank of America, Morgan Stanley and others have made their claw-back provisions tougher as the industry responds to political and Main Street pressure to revamp its remuneration culture.

View Full Article in:

Wall Street Journal, The

Published in Brief: