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Finally, in 2007 we saw the growing use of "claw backs," which permit firms to take back the portion of compensation that was awarded to executives using misstated accounting numbers.
The company said the "misstated accounting balances" related to previous year's figures and would mean a write-down in some historic profits.
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"Therefore all executives who benefited from misstated accounts should see their incentives adjusted to reflect actual achievements.
The Socialists, now the main opposition party, vowed over the weekend to oppose any further use of public money to head off Bankia's collapse until a full investigation could determine responsibility for the bank's misstated accounts.
The tribunal concluded it was unlikely that any relatives had obtained the money because of Swiss banks' practice of "withholding or misstating account information in their responses to inquiries".
That fight is now occurring, with Skyworks asserting that Advance Analogic misstated its accounting numbers, and things appear to be going differently than either party intended.
Correction: May 6, 2000, Saturday An article yesterday about the Boston Herald's suspension of a consumer affairs columnist, Robin Washington, misstated his account of the cause.
Word of the hefty pension payout immediately fueled controversy at a time when many opposition politicians have been demanding a full investigation into how Bankia had misstated its accounts before being given billions of euros in additional public money.
Hyundai Merchant, based in Seoul, was fined 2 billion won after regulators found it misstated its accounts by more than double the figure the company announced in March, the Financial Supervisory Service said.
An article on Aug. 21 about the suspension of two New York City firefighters accused of having had sex with a Staten Island woman while on duty in their Bronx firehouse misstated officials' account of the men's initial response in the hours afterward.
Correction: August 30, 2004, Monday An article on Aug. 21 about the suspension of two New York City firefighters accused of having had sex with a Staten Island woman while on duty in their Bronx firehouse misstated officials' account of the men's initial response in the hours afterward.
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