Tariff-hit firms should review bonuses or risk backlash, US lawyers warn

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Businesses hit by tariffs should start reviewing their bonus policies and how deeply they may need to cut executive payouts if they hope to avoid a public backlash, lawyers have said. Partners at the Silicon Valley law firm Cooley said that while pay was probably the last thing on bosses’ minds as they scramble to adapt to Donald Trump’s unpredictable tariff policies, pay committees should start assessing their options soon. “Many will encounter rising material costs and reduced profit margins, particularly given the significant pressure on the supply chain,” a memo by its top lawyers said. “Taken together with the...