4 ms·
How would fining even _100%_ of their profits for this year kill the company? It'll annoy the shareholders who don't get dividends this year. Maybe they should
by iso1210 6y ago
How would fining even _100%_ of their profits for this year kill the company? It'll annoy the shareholders who don't get dividends this year. Maybe they should take more notice in future.
Note that this is 2% of profits, not revenue.
Compare this to the average German citizen. It would be 2% of the amount they manage to save, not 2% of their income. That would be 2% of about €4500, or €90. [1]
That's a parking fine level.
[1] https://www.bundesbank.de/resource/blob/617492/cd59713c156ad135e0a84518cd5ed4b6/mL/2016-03-household-data.pdf https://www.bundesbank.de/resource/blob/617492/cd59713c156ad...