4 ms·

This is crazy money, yeah, for us.

ctvo 5y ago
It's not the amount. It's the ratio. They overpaid by over 47 times. A company filled with world class lawyers and business executives, as well as an experienced board does that? Why?
- pjc50 5y ago
  Because the boss told them to?
  - Reubachi 5y ago
    yes....that's what's crazy: why? Not sure the why folks are confused about folks being confused about this. There must be some logical reason they would pay out close to 50x the demanded payout, but none of us for the life of us can imagine why beyond shielding personal liability. So, why is that possible?
    - Cederfjard 5y ago
      It’s not only personal liability - surely Zuckerberg and Sandberg being deposed would be a liability for Facebook as well.
      - ClumsyPilot 5y ago
        Or maybe it would be a long overdue cleanup
    - intended 5y ago
      Perhaps precedent. The difference between Facebook as a firm being liable for everything that has happened or will happen, vs an individual being liable?
- bbarnett 5y ago
  The settlement happened after the 5B was paid. The 5B likely included a fine they were seeking, too.
  - ctvo 5y ago
    The fine was 109M. Not sure why you felt the need to clarify that the settlement happened after the 5B was paid when the 5B was conditional on Zuckerberg / Sandberg not being liable in the settlement. The question is what did these people know / do that was worth 47x the fine to keep them safe.
    - bbarnett 5y ago
      The point is, the 5B was a fine, accepting full penalty for whatever "wrong thing", over that part which was being investigated. The 47x number is apples and oranges. They are two different fines / issues. What Zuck knew isn't relevant, for, the fine was likely "if all the bad things we think you did, happened, then this is the fine". So, in essence, he admitted to all the questions being asked. Zuck / Facebook paid, rather then shine greater light on things. So yeah, bad stuff surely, but I see no direct connection to the other fine. In fact, by relating it to the other fine, people are missing that it may have been an entirely other (very bad) matter. The bit about personal liability, etc, etc is standard boilerplate stuff.
klyrs 5y ago
I believe the term "fuck you money" has never been more apt.
- munk-a 5y ago
  This case may have elevated it to "fuck society money"

ctvo 5y ago

It's not the amount. It's the ratio. They overpaid by over 47 times. A company filled with world class lawyers and business executives, as well as an experienced board does that? Why?

pjc50 5y ago
Because the boss told them to?
- Reubachi 5y ago
  yes....that's what's crazy: why? Not sure the why folks are confused about folks being confused about this. There must be some logical reason they would pay out close to 50x the demanded payout, but none of us for the life of us can imagine why beyond shielding personal liability. So, why is that possible?
  - Cederfjard 5y ago
    It’s not only personal liability - surely Zuckerberg and Sandberg being deposed would be a liability for Facebook as well.
    - ClumsyPilot 5y ago
      Or maybe it would be a long overdue cleanup
  - intended 5y ago
    Perhaps precedent. The difference between Facebook as a firm being liable for everything that has happened or will happen, vs an individual being liable?
bbarnett 5y ago
The settlement happened after the 5B was paid. The 5B likely included a fine they were seeking, too.
- ctvo 5y ago
  The fine was 109M. Not sure why you felt the need to clarify that the settlement happened after the 5B was paid when the 5B was conditional on Zuckerberg / Sandberg not being liable in the settlement. The question is what did these people know / do that was worth 47x the fine to keep them safe.
  - bbarnett 5y ago
    The point is, the 5B was a fine, accepting full penalty for whatever "wrong thing", over that part which was being investigated. The 47x number is apples and oranges. They are two different fines / issues. What Zuck knew isn't relevant, for, the fine was likely "if all the bad things we think you did, happened, then this is the fine". So, in essence, he admitted to all the questions being asked. Zuck / Facebook paid, rather then shine greater light on things. So yeah, bad stuff surely, but I see no direct connection to the other fine. In fact, by relating it to the other fine, people are missing that it may have been an entirely other (very bad) matter. The bit about personal liability, etc, etc is standard boilerplate stuff.

klyrs 5y ago

I believe the term "fuck you money" has never been more apt.

munk-a 5y ago
This case may have elevated it to "fuck society money"