By doing so, United’s board would correct its breach of fiduciary duty and prevent “the unjust enrichment” of company executives. Advertisement Continue reading the main storyI wanted to speak about this remarkable clawback stance with a member of United’s board. After all, recovering executive pay in situations involving wrongdoing is an important accountability mechanism. It’s great that the pension fund has stepped up to this challenge. Alas, the United case is one more indication that when executive pay is involved, boards giveth mightily but almost never taketh away.

Source: New York Times June 09, 2017 19:08 UTC