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looks like "just the cost of doing Business" to me, 23M USD is nothing to Oracle. If it was 1 Billion per offense (+ court costs), maybe Oracle would change
by jmclnx 4y ago
looks like "just the cost of doing Business" to me, 23M USD is nothing to Oracle.
If it was 1 Billion per offense (+ court costs), maybe Oracle would change
- echelon 4y agoNot fines. Jail time. I sat through so many anti-bribery training lessons over the years, I'm convinced companies use these to limit liability and scope the blame to the small guys. "But they were trained and should have known better." Investigate, find the source, prosecute.
- dkersten 4y agoWhy not both?
- mtgx 4y ago> If it was 1 Billion per offense Good point. Why are sentence times stacked for people, but not corporations? Corporations are people, too!
- noasaservice 4y agoI'll believe corporations are people when the government executes one in Texas. Liquidate all assets via public auction, zero out all stocks, and jail C levels for X days for violations of the public trust. Make it *painful*.
- salawat 4y agoPeople will just incorporate in Delaware, or other, similarly limp wristed jurisdictions instead of doing something somewhere where they face that type of risk. See current behavior for evidence of that.
- rjzzleep 4y agoI think there might also be a consideration here that it's a US company. The FCPA has driven some foreign companies out of business and allowed giants like GE to buy up their assets. Alstom exec's were fined for ordered to either pay 700m or face prison time and instead chose to sell the company to GE. GE itself was fined only 20 for FCPA violations in India. I can't find the list right now, but I believe GE bought a couple of companies this way.
- themitigating 4y agoOr they would fire people to make up for the shortfall.