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In addition, he said, compliance targets were now part of the compensation formula.
Even among the universe of Sept. 11 survivors, the compensation formula is full of sharp corners and vexation.
Under its settlement signed last year, BP agreed to a compensation formula and framework covering certain personal and business liabilities.
The people also complain that in the government's compensation formula, their old homes were undervalued, so many have had to pay several thousand dollars to buy new homes.
They argue that BP was well aware that its compensation formula could lead to payouts for losses unrelated to the spill.
In correspondence with lawmakers late last month, Mr. Becker also said that he alerted the ethics office about his family's Madoff investment again that May after he received a letter from a number of law firms representing Madoff victims asking that the commission change its proposed compensation formula.
Similar(40)
Under the first option, the government would strictly regulate compensation formulas.
White-collar workers and G.M.'s top executives also did not receive bonuses last year, but will receive stock options and cash awards according to various compensation formulas this year.
He will start reviewing pay packages for the 25 highest-paid employees, as well as compensation formulas for the next 75, in the next two months.
It called for compensation formulas to pay new attention to the effects of injuries on daily functioning and quality of life.
Although the compensation formulas vary, they each follow some form of multilevel marketing; earnings typically accrue from commissions on sales and a small percentage of the sales made by people recruited to join the business.
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