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November 17, 2009

Beazer CEO's bonus may get ‘clawed back'

  • The government can try to collect incentive-based compensation to executives covering periods when a company restated earnings.
    • By MARK JEWELL
    AP Business Writer

    BOSTON — Federal regulators may try to collect bonus money awarded to the top executive of Beazer Homes USA Inc. covering periods when the homebuilder restated financial results.

    Beazer Homes said in a regulatory filing Monday that Securities and Exchange Commission staff issued a so-called Wells notice to CEO Ian McCarthy, citing an anti-fraud law provision allowing the government to “claw back” compensation in some instances.


     
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