UAW VEBA-led Investor Group Reaches Agreement with Drug Companies on Executive Pay Clawbacks
In 2012, the federal government recovered $5 billion in settlements from drug companies that manufactured, marketed and sold products in violation of federal law.
Today, a coalition of 13 investors, led by the UAW Retiree Medical Benefits Trust, announced they had reached an agreement with six major companies to claw back executive pay when individuals in a company cause serious financial harm as a result of violating health care laws and company policies.
