In the same way, whether executives knew about the money laundering or rate manipulation, such illegal behavior should result in the return of incentives by any member of senior management who was in post when it happened.

FORBES: It Is Time For Real Bank Clawbacks

As pensions continue to seek to enhance minority participation in asset management through ill-conceived schemes that result in uncompetitive returns and condone unprofessional or illegal behavior, the likelihood of a confrontation with regulators or law enforcement grows.

FORBES: Problems Areas for Pensions: 457/403(b); Custodial Services; Minority/Emerging Managers (May 2, 2006 )