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14 May 2009, 4:23 am
SEIU Pushes for Clawbacks of Excessive Pay Recently, the SEIU Master Trust - the pension funds managed on behalf of the SEIU - sent letters to the boards at 29 major financial services companies, demanding that they investigate more than $5 billion in compensation to their NEOs that may have been tied to derivatives and other instruments that are now worthless. [read post]