Mitch

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Yahoo's Microsoft Bid Rejection Raises Larger Corporate Governance Questions [view article]
Good luck getting any successful and intelligent business person (the only type you would want on a Board) to want to join a board and risk the personal assets they have built up over a lifetime in exchange for just board fees and directors options. Without D&O insurance and without freedom from personal liability for anything other than willful malfeasance, no sane person would serve on a board. Similarly, I doubt you'd see anyone want to be an officer subject to the same risks. However, I don't see anything wrong with clawing back compensation actually received if it is later determined that the basis for receiving it was not in fact met or is met but is later "lost." May 04 04:53 PM

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