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| ▲ | DPDmancul 6 hours ago | parent | next [-] |
| > We need the penalties to be something other than fines, which are ultimately treated by companies as routine costs of business. It's true that fines are nothing more than predictable costs, so maybe an option would be fines in percentage of the incoming of the company: this way it could make a real impact. I know in some north Europe countries the speed limit fines are in percentage on the personal net worth. |
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| ▲ | rustcleaner 4 minutes ago | parent [-] | | Income is too small, how about in terms of the highest market capitalization between deciding to do the bad thing and being convicted of the bad thing? Maybe some of these penalties should result in bankruptcies for the most egregious big players, and when I say bankruptcies I don't mean restructuring but actual corporate financial death: firesale auction the assets, debt holders lose much of their value, equity holders get squat, and all employees are out on their asses having been let go. Do it to a Microsoft or Google sized company, scare the piss out of the rest! Then implement protection policies to make it impossible to move headquarters out of the country, without having product prices end up 2-4x higher (so domestic competition, which could be let to run tax free, can come up and fill the void). |
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| ▲ | anon7000 4 hours ago | parent | prev | next [-] |
| So step one is a constitutional amendment to ban corporate money in politics, which is going to be suuuper hard to accomplish. But yeah similar to how humans are put in jail and it can easily ruin their life, the punishment for a severe crime needs to ruin a company’s life. It’s an absurd double standard. |
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| ▲ | daemin an hour ago | parent | prev | next [-] |
| Simplest thing to say is: find all the people responsible for this, from the bottom to the top, and charge them with the same crime as an individual would be. I would include everyone in the chain from the programmers that implemented it, to the VP that authorised it, and finally to the CEO because all responsibility ends with them (that's why they get paid the big bucks right?). I'd like to say look at Volkswagen for an example but I don't know if all the necessary people were charged. |
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| ▲ | hdgvhicv an hour ago | parent | prev | next [-] |
| If the fine is higher than the revenue they get from it then that would presumably work. |
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| ▲ | likeclockwork 4 hours ago | parent | prev [-] |
| Flogging or prison time for whoever has the highest salary. |
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