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> the penalties are never greater than the profit that triggered the penalties Are you sure? In the most recent case they had to return all $2B taken from cust
by mastax 4y ago
> the penalties are never greater than the profit that triggered the penalties
Are you sure? In the most recent case they had to return all $2B taken from customers and pay a $1.7B fine.
I'd be willing to look at evidence to the contrary. (Cynicism is not evidence)
- rnk 4y agoThey already celebrated their earnings in the past, people got bonus or raises or promos on their "performance" using the fruits of their bad behavior. Probably there is different leadership now. The new leadership can use these things to explain any slow quarter, then they try to write off any problems they have now and combine it with this problem (and blame the old person). You see this cycle again and again. Until companies are killed or leadership is fired, and loses their potential for future employment/mayhem, goes to jail - if there is no immediate serious personal repercussions or the company might die, then there won't be much change.
- mastax 4y agoOkay but that sounds more like a principal agent problem as noted in the root comment rather than the "punishment is smaller than the crime" problem I was questioning.