WWE's Vince McMahon is back after misconduct investigation
NPR Online NewsMAR 16 2023
This policy seems like a sensible step forward as national security and corporate crime increasingly become intertwined. Shareholders, who are rarely involved in wrongdoing, should not have to pay the price for the criminal activity undertaken by executives and supervisors. Between the DOJ's clawback policy and the Security and Exchange Commission's power to strip executives of bonuses, the Biden admin. is taking appropriate but forceful action to combat growing white-collar crime.
The real problem facing American society regarding white-collar crime is corporate greed, as companies continue to push for higher profits which in many cases harms both consumers and workers. Administration after administration, regulations have been cut as profits sore — but consumers and workers continue to face the brunt of a corporate world that has no checks and balances. Occasional fines, whether at the company or individual level, are no match for the exponential rise in profits and systemic corruption.