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It may seem significant to us mortals, however the fine is less than 1% of their revenue in 2014.
by leesalminen 11y ago
It may seem significant to us mortals, however the fine is less than 1% of their revenue in 2014.
- deleted 11y ago[deleted]
- ProAm 11y agoNo one wants to lose 100M, no one.
- pyrocat 11y agoNo one wants to lose $1000, no one.
- KJasper 11y agoIf you can make 200M and have a risk of paying 100M in the worst case you still make 100M more than you would without doing it. So it's basically calculated risk for these companies.
- redblacktree 11y agoSure, but you would still prefer to never pay the 100M.
- KJasper 11y agoofcourse and they won't. Companies never pay the initial fine...
- unprepare 11y agoNot more than you would prefer to make the 200MM and risk losing 100MM of it. again calculated risk, if theres even a chance that they walk away with all 200mm, and no chance that they end up with 0 or less, then it's worth pursuing.
- redblacktree 11y agoI'm trying to say that they would have preferred to not get caught.
- pyrocat 11y agoAnd therein lies the problem with most methods of government regulation. The worst that happens is usually a fine. Certain violations need to start carrying mandatory jail sentences.
- deleted 11y ago[deleted]