http://blogs.marketwatch.com/thetell/2013/12/20/an-ex-morgan-stanley-employee-has-to-give-back-the-31067356-76-the-bank-paid-him/?mod=MW_latest_news
Turns out that $31,067,356.76 is what the fund manager, Joseph “Chip”
Skowron III, took home for about three and a half years of work, from
April 2007 through November 2010. It came from an annual salary of $1.5
million, plus “management fees and incentive fees” based on the size and
performance of the investment funds he helped manage.
Skowron had pleaded guilty in 2011 to conspiracy to commit insider
trading for at least the period where his pay is being clawed back.
Another judge at the time sentenced him to five years in prison and
ordered him to give back 20% of the money he’d made at the bank during
the period in question.
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