Lowe's Adopts 'Clawback' Provision For Executive Incentive Pay - 9 Feb 2009

Lowe's Companies Inc. (LOW) adopted a so-called clawback provision to recoup
performance-based executive compensation in cases involving fraud or intentional
misconduct that causes a significant restatement of financial results.

With increasing public scrutiny, an ongoing financial crisis and new
regulations, firms have started making big changes to their annual payout plans
as they realize that existing compensation models need a major overhaul. Other
companies already using the clawback provision include Morgan Stanley (MS) and
UBS AG (UBS), which see it as one way to curb future losses.

more...http://money.cnn.com/news/newsfeeds/articles/djf500/200902091055DOWJONESDJONLINE000345_FORTUNE5.htm