DOJ Pushes Companies to Punish Misconduct With Bonus Cuts (1)

Companies found to have committed crimes will get reduced fines from the US Justice Department if they act to claw back compensation paid to executives and employees responsible for misconduct, Deputy Attorney General Lisa Monaco said.

The department also will require every company that reaches a resolution with its criminal division to structure its compensation and bonus programs so that bad behaviors will be punished, Monaco said Thursday at a conference in Miami on white-collar crime.

“Companies should ensure that executives and employees are personally invested in promoting compliance,” Monaco said. “Nothing grabs attention or demands personal investment like having ...