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This attitude is actually common place in the industry. Can we make more profit than the fine for market abuse?
by DrBazza 3y ago
This attitude is actually common place in the industry. Can we make more profit than the fine for market abuse?
- KMnO4 3y agoReminds me of the infamous Fight Club scene > Take the number of vehicles in the field, A, multiply by the probable rate of failure, B, multiply by the average out-of-court settlement, C. A times B times C equals X. If X is less than the cost of a recall, we don't do one.
- salawat 3y ago...That's actually textbook business/enterprise risk management calculation believe it or not. Not a facsimile or artistic exaggeration. If you want to know why so much shady crap happens, part and parcel of that is when we fo catch malicious behavior, the fines are so small as to be cost of doing business.