The U.S. Justice Department has issued new guidelines that focus on prosecuting individual executives in white-collar crime cases, and not just their corporations.
The memo came as a response to criticism that the Obama administration's handling of the financial meltdown and housing crisis of 2008 to 2009, the New York Times reported.
By going after individuals, Deputy Attorney General Sally Yates said the Justice Department wanted to "change corporate culture to appropriately recognize the full costs of wrongdoing, rather than treating liability as a cost of doing business."
U.S. & World
"We're not going to be accepting a company's cooperation when they just offer up the vice president in charge of going to jail," Yates told the Times.