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A $10m fine for mobile telcos is a rounding error. “Softer quarter due to outstanding legal and regulatory obligations…” The fines need to be a standard percent
by teeray 3mo ago
A $10m fine for mobile telcos is a rounding error. “Softer quarter due to outstanding legal and regulatory obligations…” The fines need to be a standard percentage of income or the personal assets / freedom of officers needs to be on the line if we want those punishments to change behavior.
- account42 3mo agoIt really should be fines plus ALL money gained through the illegal activity. If you steal a car you don't get to pawn the stereo, give back the money gained and then drive off into the sunset.
- Laurel1234 3mo agoJail time (hard jail time, not that country club bullshit) for the entire C-suite and you might see some change.
- Laurel1234 3mo ago> The fines need to be a standard percentage of income or the personal assets / freedom of officers needs to be on the line This is the obvious solution to most problems but of course they're the ones writing the laws so it'd never happen in a trillion years.