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Wouldn't they have also implemented a compliance program if they were fined 10% of revenue, you know to avoid future fines?
by willcipriano 3y ago
Wouldn't they have also implemented a compliance program if they were fined 10% of revenue, you know to avoid future fines?
- cryptonector 3y agoThis is like getting a traffic infraction warning ticket from a police officer instead of an actual summons. If it has the desired effect then it's better than the alternative.
- idontpost 3y ago[dead]
- AnthonyMouse 3y agohttps://old.reddit.com/r/todayilearned/comments/85j254/til_of_the_dazexiang_uprising_in_qin_china_2/ https://old.reddit.com/r/todayilearned/comments/85j254/til_o... > Wouldn't they have also implemented a compliance program if they were fined 10% of revenue, you know to avoid future fines? They would have spent up to 10% of revenue on lawyers and lobbying to get out of the fine entirely and thereby have no fear of another one.
- willcipriano 3y agoSo they are too big to regulate? Great let's split them up.
- AnthonyMouse 3y agoIt's not actually that big of a company. They only made ~$200M last year. But 10% of their revenue is $1.7B. It would cost them almost a decade's worth of profit, so that's how much they'd spend to prevent it, which is plenty enough to influence legislation. "Percent of revenue" fines are dumb and create crazy incentives.