johnbee

Claw Back Bonuses, But Change Incentive Structure Too

These bonuses and benefits were paid out as percentage of sham profits from falsely created values. Its almost certainly criminal, without a doubt criminally negligent, and when has ignorance been an accepted plea for law breaking? These people were in a poosition to know better.
Everyone involved in faking their results (if they do not pay back) should be sued for fraud and jailed and have to give the money back. Auditors should be equally held responsible. Roll on Obama- a good dose of jail for the arrogant rich would be the best first move you make but watch your back- these people make poor losers.