3 ms·
It's about 3 weeks profit
by isostatic 7y ago
It's about 3 weeks profit
- gcthomas 7y agoIs there a US fine in the pipeline too? Only a tenth of the data lost was from EU nationals.
- zaarn 7y ago3 week profit is a lot. I'd have a hard time imagining my boss telling me that the next three weeks, every employee's entire profit outcome will solely be dedicated to paying off a fine and that would be acceptable.
- isostatic 7y agoBy comparision a speeding fine for doing 75 in a 70 in the UK and you have to pay a week's revenue (not profit) This fine is half a week's revenue, so losing 330m records is deemed not as serious as going 75 in a 70.
- zaarn 7y agoWell obviously, doing 75 in a 70 means you endanger the lives of yourself and those around recklessly and without proper reason (being an Ambulance is a good reason). Endangering Lives of others for no damn reason other than wanting to be home 3 seconds earlier > Loosing customer records
- isostatic 7y ago> Well obviously, doing 75 in a 70 means you endanger the lives of yourself and those around recklessly Bollocks. If 75 was so dangerous then 70 is also dangerous.
- wonderwonder 7y agoYou have to look at it from the perspective of the CEO and C Suite. For them they likely don't really care about harm done to whoever had their data compromised, but what they do care about is their bonus. They likely have detailed bonus tiers and if this fine reduces their bonus and incentives then it is likely that change will occur. In many / most large companies, C-Suite pay and the bonus structure is the major driver of all corporate decisions. For an example, just look at the recent US corp. tax cut. One time bonus to employees and then repurchase of company stock to boost the share price and in turn boost executive level rewards.