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Why? As long as the fine is a fraction of the profits, it's just the cost of doing business.
by 7thaccount 3y ago
Why? As long as the fine is a fraction of the profits, it's just the cost of doing business.
- worik 3y ago> Why? As long as the fine is a fraction of the profits, it's just the cost of doing business. Yes, a problem Times are changing. It is upto us, but firms are grappling with the concept of social license Clearly in democracies care must be taken not end up in endless fights with stakeholders But even in China the authorities care about social attitudes
- thfuran 3y agoHow would they profit from falsifying lab reports on research into methods for remediation of pfas contamination?
- 7thaccount 3y agoThey say there is a solution to the problem so regulators let them pollute more and make more money. Eventually we all figure out they lied and it doesn't work or they don't use it and then they get a tiny fine. Business as usual.
- eru 3y agoHuh? You could say that about any cost at all. Yet, companies are constantly on the look out for ways of cutting costs. Use less material, use less labour, pay lower fines, find a way to optimize taxes, etc.