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Make the C-Suite and Board personally responsible, and make sure the fine is LARGE. $47 million for Verizon is nothing. They profited nearly $80 Billion last
by NickC25 3y ago
Make the C-Suite and Board personally responsible, and make sure the fine is LARGE. $47 million for Verizon is nothing. They profited nearly $80 Billion last year. They spent roughly the same amount for the naming rights to an NBA team's practice facility back in 2020. They paid Beyonce $30 million for a 30 second Super Bowl commercial.
You have to fine the drivers of the corporation's unethical behavior, not the corporation itself, or else there will be no fundamental change or reason for corporations at large to not act with complete disregard for the law.
The shady shit would stop in a heartbeat if some 25-30 people at the top had to collectively come up with a billion+ in cash in a week. No bonds, debt, IOU's from the corporation itself, stocks, mortgages, nothing - straight up cash.