Your English writing platform
Discover LudwigExact(2)
"In the David Lerner case," he said, "there were no systems or procedures in place to ensure compliance with the compensation provision".
Christopher P. Geehern, an executive vice president of Associated Industries of Massachusetts, said his group would support legislation but only if the compensation provision was removed.
Similar(58)
Most of the compensation provisions in the bill apply only to senior officers, and not necessarily to star traders who are handsomely rewarded -- sometimes earning more than the executives they report to -- when big investment risks pay off.
As the third anniversary of the financial overhaul legislation known as Dodd-Frank approaches this month, the fate of the executive compensation provision exemplifies the problems dogging one of President Obama's signature accomplishments.
But the deferred compensation provision, which is expected to raise $806 million during the next 10 years, has drawn the most attention partly because of enormous compensation packages paid recently to outgoing executives such as Home Depot's Robert Nardelli and Pfizer's Hank McKinnell.
Even before the £100m compensation provision, Lloyds had lost £250m on loans caught up in the fraud which took place period between 2003 and 2007 when HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses, referred struggling companies to David Mills and his consultancy QCS in return for luxury cruises and lavish gifts.
The hostage compensation provision covers all Americans taken captive since 1979.
The miserable compensation provisions of the agreement - $30m in the first year, with nothing further guaranteed - would also be preserved if the Abuja agreement is a starting point for renewed negotiations.
In the Chinese compensation provisions, there is stipulation on the disability compensation but no provision on death compensation.
The administraiton is still trying to get a compensation provision into the bill.
The announcement brings the bank's total compensation provisions to more than £5 billion, and pushed Lloyds into a net loss for the third quarter.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com