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A fine levied by a sovereign nation is different from under the table bribes to government officials.
by some_random 2y ago
A fine levied by a sovereign nation is different from under the table bribes to government officials.
- smegger001 2y agodepends was the fine enough to make their action nonprofitable? if a fine is less than the profit from the action then its a cost of doing business
- some_random 2y agoYou can click on the article and read how much money the DOJ says McKinsey made from this bribe, and if you don't want to you can just take my word that it made this action unprofitable.
- FactKnower69 2y agoapply your critical thinking skills before posting. $85M in 2014 dollars is $113M in 2024 dollars, and something tells me McKinsey didn't just leave the money sitting in a high yield savings account all this time
- some_random 2y agoOh so still less than the $123M fine? As for what they did with the money, I get the point that they could have reinvested it and made additional profit but I find it way too speculative to be worth discussion especially when the $85M number doesn't appear to be the marginal value of the bribe and is possibly inflated already.
- lesuorac 2y agoI'm not sure that's correct. Plenty of companies do actions (like Uber) where they lose money for market share. So, penalizing McKinsey by making them forfeit profit isn't as big a punishment as it may seem. It's a bit akin to if you were to steal a car, sell it, pay yourself a fee for that action and then have to return any money beyond that fee to the owner of the car. It's clearly a net gain for you still.