how many minutes of revenue is that?

they did $200 billion in revenue and $60 billion in net income last year.

a $3 billion fine would be barely more than a slap on the wrist.

Until we start to penalize companies by percentage of global revenue rather than some arbitrary dollar amount that pales in comparison to their revenues this sort of stuff is going to keep happening.

$3m is nothing. 10% of global revenues (not profits) for each year in which this occurred would be something that might actually make them think twice about breaking the law and harming people for money.

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thechao 7 hours ago | parent | next [-]

Once there's a pattern of abuse, you can go after the execs personally for purposes of the carrying out of justice. Courts don't like the idea of bad actors hiding themselves behind corporations. You don't even need to "piece the veil" — you just go straight for the Zuck.

	▲	WarcrimeActual 7 hours ago \| parent [-]
		>you just go straight for the Zuck. Will literally never happen. It's impossible. I'm not talking figuratively impossible. At his level of wealth and influence, there are good odds he could murder someone on live stream and walk away. You are dangerously underestimating the influence the rich have in every aspect of society and law.

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kevin_thibedeau 7 hours ago | parent | prev [-]

C-levels need to face real consequences. A ban on moving to a new executive position or serving on a board for 10 years would rapidly fix the systemic ethical problems.