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The firm ran into problems after it missed financial targets last year and was forced to slash the compensation of many of its partners.
Nearly 80 of Dewey's 300 partners have left the firm since last year's disappointing financial performance led the firm to slash the compensation of many of its partners.
Of Dewey's 300 partners, 46 have left the firm in 2012, after last year's disappointing financial performance led the firm to slash the compensation of many of its partners.
When I was Justice Secretary I referred two of our major providers to the Serious Fraud Office, and I secured from them compensation of many tens of millions of pounds for events that were well recorded at the time.
Mr. Ebbers and other senior officers at the company "had a surprising degree of influence over the compensation of many management employees who did not report to them," the report says, noting that the situation WorldCom potentially vulnerable to abuse.
The name of the so-called loophole refers to a feature of the compensation of many fund managers, who frequently receive a management fee equivalent to 2percentt of their fund's assets, as well as 20percentt of the fund's profits (sometimes contingent on reaching a certain profit threshold).
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At a time when the compensation of so many chief executives seems breathtakingly high, Revlon's president and chief executive, Jack L. Stahl, is bucking the prevailing perception of corporate greed.
Germany has broadly owned up to the horrors of its wartime past and has paid compensation to many of its victims.
In the latest rebuke of how eye-popping pay packages are awarded on Wall Street, a major institutional investor is taking the rare step to oppose the re-election of a Goldman Sachs board member who approves compensation for many of the bank's top executives.
In the latest rebuke of eye-popping pay packages on Wall Street, a major institutional investor is taking the rare step to oppose the re-election of a Goldman Sachs board member who approves compensation for many of the bank's top executives.
Mr. Sichrovsky blames Mr. Muzicant for building up the debts of the Jewish community to the point where they exceed $40 million and accuses him of holding up compensation for many victims of the Nazis -- including his recently deceased father -- through his attempt to get the government to repay these debts.
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