Hertz (HTZ) Seeks $70M in Clawbacks Tied to Accounting Scandal – Bloomberg

Hertz Global Holdings Inc. is demanding that ex-Chief Executive Officer Mark Frissora and other former senior managers return at least $70 million of incentive compensation for their roles in an accounting scandal five years ago. Mark FrissoraPhotographer: Andrew Harrer/Bloomberg The car-rental chain accused the former executives of pressuring employees to use fraudulent accounting techniques to…

Reckitt boss ‘should repay bonus’ over opioid deal | Business | The Times

Senior executives of Reckitt Benckiser face pressure to return lucrative bonuses after it agreed to pay $1.4 billion to resolve long-running US investigations into the sales and marketing of a treatment for opioid addiction. Source: Reckitt boss ‘should repay bonus’ over opioid deal | Business | The Times

SEC Proposes Broadened Corporate ‘Clawback’ Rules – WSJ

A divided Securities and Exchange Commission voted 3-2 to propose rules requiring public companies to “claw back,” or revoke, top executives’ incentive pay if the firms’ financial statements later were found to contain errors. via SEC Proposes Broadened Corporate ‘Clawback’ Rules – WSJ.