Money or bonuses that has been granted and now are wanted back after a firm bankruptcy or even difficulties, bailout... - for legal reasons but more and more for moral reasons (public anger, etc)
Possibility that a customer could be additionally raped via a clawback action after already having their funds stolen is simply villainous
For sake of public relations, management is asking their top executives to claw their last year bonuses back
Prices shown in USD.
Type your email address below to get our free Urban Word of the Day every morning!
Emails are sent from email@example.com. We'll never spam you.