Corporate boards across the U.S. are weighing whether bosses who lose their jobs for bad behavior should surrender part of their compensation.
Several high-profile executives resigned or were ousted in the past year following allegations of misconduct, leaving the companies to deal with the fallout, which can include a damaged reputation, angry customers and a battered stock price.
Giving boards more leeway to recoup pay from those guilty of sexual harassment and other inappropriate behavior could provide a deterrent, but clawing back money under such circumstances may be easier said than done.
“Boards are still in the contemplation phase and ...