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These "fines" are simply the cost of doing business. The SEC is now an ineffective shell of its former self. The real question is why the trend where companies
by kennend3 4y ago
These "fines" are simply the cost of doing business.
The SEC is now an ineffective shell of its former self.
The real question is why the trend where companies "pay a fine without admitting guilt" and the executives who are paid obscene amounts to "manage" the company dont face any consequences.
They claim they need to pay this amount to attract talent and the risks around managing a company but whenever "bad things" happen on their watch it is ultimately the shareholders who pay (company pays a fine with money that belongs to the shareholders).
Watch the CEO here get his full bonus.