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Agree Because those companies are public the fine might have greater impact But overall, when you know you can pay the fine, you are less afraid to take those r
by breadandcrumbel 7y ago
Agree
Because those companies are public the fine might have greater impact
But overall, when you know you can pay the fine, you are less afraid to take those risks
You can compare it to entrepreneur from a wealthy family
He can take risks, knowing that if he fail, it won't be to the ground
- Donnieatar 7y agoIt's not only the fine, it's the bad publicity those companies get when getting the fine Damage to their brand worth billions Cambridge analytica scandal costed FB a lot more then the fine It cost them in their users trust and that's the worst kind of punishment a large brand such as facebook can get
- kaolti 7y agoAll fair points, but I wouldn't exactly call damage to brand reputation the single worst punishment a corporation can get though. Can easily think of an infinite number of worst punishments. I guess there is a parallel with actual people. Personal reputation matters, but surely we need to be a bit more harsh when punishing certain behaviour.
- nojvek 7y agoThe worst kind of punishment is if Mark Zuckerberg went to jail and every media was broadcasting him in handcuffs. It would have sent a strong message to other CEOs. Don’t fuck with people’s data. But that seldom happens. It’s US, the rich rule the country.