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> Honeywell was recently fined for FCPA violations. They were fined a third of what Alstom while having double the revenue. This only happened because both Br

> Honeywell was recently fined for FCPA violations. They were fined a third of what Alstom while having double the revenue. This only happened because both Brazil and Algeria got involved. > I don't see it as overreach that the US does not let foreign companies that pay bribes compete in the US. But this is not competition in the US, it's competition abroad. > Given that US companies cannot pay bribes legally Which like Honeywell we know they absolutely do like every company operating in developing / BRICs countries. > I am going to assume this one is a joke given the consistency (or lack thereof) of GDPR guidance from European regulators. Yes and I'm sure that Google, Facebook & co were only caught on "technicalities" because the law wasn't "clear enough". If that is not a joke I don't know what is ...

whimsicalism 3y ago
> They were fined a third of what Alstom while having double the revenue. I think you have a flawed conception of how fines are supposed to work… > But this is not competition in the US, it's competition abroad. Of course it is about competition in the US, otherwise they could freely exit the US market and not pay shit. > Yes and I'm sure that Google, Facebook & co were only caught on "technicalities" because the law wasn't "clear enough". If that is not a joke I don't know what is ... I mean, this whole conversation is about whether they are being targeted by regulators - your statement is question-begging.
- LunaSea 3y ago
  > I think you have a flawed conception of how fines are supposed to work… Fine amounts are not related to company revenue but it gives you an idea of the impact it might have on the company and the sentencing differences when we are talking about an American company vs a foreign company. > Of course it is about competition in the US, otherwise they could freely exit the US market and not pay shit. No it's not. The only reason these companies comply is that the US has retaliatory tools outside of the US that are very powerful. It has nothing to do with American contracts which represented a minor share of the revenue in the case of Alstom. > I mean, this whole conversation is about whether they are being targeted by regulators - your statement is question-begging. Yes, because they simply broke the law. I mean Google is still sending data back to the US while this has been illegal since 2020.

whimsicalism 3y ago

> They were fined a third of what Alstom while having double the revenue. I think you have a flawed conception of how fines are supposed to work… > But this is not competition in the US, it's competition abroad. Of course it is about competition in the US, otherwise they could freely exit the US market and not pay shit. > Yes and I'm sure that Google, Facebook & co were only caught on "technicalities" because the law wasn't "clear enough". If that is not a joke I don't know what is ... I mean, this whole conversation is about whether they are being targeted by regulators - your statement is question-begging.

LunaSea 3y ago
> I think you have a flawed conception of how fines are supposed to work… Fine amounts are not related to company revenue but it gives you an idea of the impact it might have on the company and the sentencing differences when we are talking about an American company vs a foreign company. > Of course it is about competition in the US, otherwise they could freely exit the US market and not pay shit. No it's not. The only reason these companies comply is that the US has retaliatory tools outside of the US that are very powerful. It has nothing to do with American contracts which represented a minor share of the revenue in the case of Alstom. > I mean, this whole conversation is about whether they are being targeted by regulators - your statement is question-begging. Yes, because they simply broke the law. I mean Google is still sending data back to the US while this has been illegal since 2020.