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This is a very defeatist view of things. The purpose of fines is not to destroy a company, it's to correct its bad behavior - if they keep doing it you can fine
by cbg0 5y ago
This is a very defeatist view of things. The purpose of fines is not to destroy a company, it's to correct its bad behavior - if they keep doing it you can fine them again for even more money.
- melomal 5y agoTrouble is that most 'bad' companies (banks/pharma in particular) allocate and write off money for fines as a cost of doing business. These fines won't cripple a company, it will just allow them to test what limits they can push and so on.
- HPsquared 5y agoKramer: It's a write-off for them. Jerry: How is it a write-off? Kramer: They just write it off. Jerry: Write it off what? Kramer: Jerry, all these big companies, they write off everything. Jerry: You don't even know what a write-off is. Kramer: Do you? Jerry: No, I don't. Kramer: But they do. And they're the ones writing it off.
- jeltz 5y agoThey can test the limits but not push on. If thet push on then thet will eventualy get fined into bankrupcy.