Jessica Cooper
Nerviest InitialInstead of reporting on the dollar amounts of corporate fines, the news should just say how many minutes of profit the fine represents. "The EPA slapped Apple with a two second fine," is much more honest.
Well this did numbers so I'm obligated to say: Support mutual aid, everyone.
timberwraith@intransitivelie Oh, I missed that one. That's a pretty darned good post.
Die Mad 🇨🇦@intransitivelie Some Nordic countries assess fines as a % of income. Corporate fines should be a % of annual gross (not net) income. They have too many ways to artificially turn massive income into a loss at tax time.
@bjornqc
Yeah, I love the Nordic model of speeding tickets in particular. Still though, a fine simply means it's legal if you're rich enough. Fines are just operating costs. I'm not sure what the solution is, but percentages of gross would be a step in the right direction at least, I agree.
Yeah, I love the Nordic model of speeding tickets in particular. Still though, a fine simply means it's legal if you're rich enough. Fines are just operating costs. I'm not sure what the solution is, but percentages of gross would be a step in the right direction at least, I agree.
CyberPunker@intransitivelie @bjornqc Prison time for the Managers?
Androcat@bjornqc @intransitivelie
GDPR violations, in theory, does follow this pattern, with a maximum fine of 20% of annual revenue, iirc.
GDPR violations, in theory, does follow this pattern, with a maximum fine of 20% of annual revenue, iirc.
Fabian ¯\_(ツ)_/¯@BafDyce @bjornqc @intransitivelie
Especially "modern companies" with a monthly breach.
gingerFlip@intransitivelie love this idea
Michael Wyman@intransitivelie treat it like hockey: “Exxon Mobile was sent to the penalty box for ten seconds today, after being found guilty of…”
Su_G@intransitivelie
Yes yes yes! Just gimme the rate, mate. 🤗
“Instead of reporting on the dollar amounts of corporate fines, the news should just say how many minutes of profit the fine represents. "The EPA slapped Apple with a two second fine," is much more honest.”
Yes yes yes! Just gimme the rate, mate. 🤗
“Instead of reporting on the dollar amounts of corporate fines, the news should just say how many minutes of profit the fine represents. "The EPA slapped Apple with a two second fine," is much more honest.”
@intransitivelie good job
Matúš 🇸🇰🇪🇺
@intransitivelie What about doing the same thing Russia has done to Google?
Graham Downs@intransitivelie Or a percentage of annual revenue. A fine of 15% of their 2024 revenue tells me a lot more than a fine of $100-million....
Douglas Edwards 
@intransitivelie @alice And: instead of fixed fines, the penalty for ANY serious crime committed by a corporation should be the CORPORATE DEATH PENALTY: immediate revocation of its corporate charter, seizure of all its assets, and repudiation of all its debt. #CorporateDeathPenalty
Parade du Grotesque 💀@dedicto @intransitivelie @alice
Also: arrest and prison time for all the top management.
Just remember that 'companies' are, simply put, legal fiction. Companies do not exist. What is real are the people leading the companies. They are the ones who decide to adopt illegal and unethical practices... Because they derive personal benefit from these.
@ParadeGrotesque @intransitivelie @alice I wouldn't go so far as "legal fiction". Corporations are more like a kind of evil distributed AI whose hardware is a group of humans. A corporation can be more evil than any one of its officers — and can replace those individuals who refuse to be sufficiently evil.
Nevertheless, I agree 100% that reining in corporations will require reining in their individual human officers, and I have an idea as to how that could be done. In addition to imprisonment, the penalty should include what I call TOTAL IMPOVERISHMENT. It's essentially a compulsory version of a monastic vow of poverty. The individual accomplice to corporate crime would be strictly prohibited, for life, from owning, or in any manner controlling, any income-producing assets, or indeed ANY assets except a narrowly defined list of personal items supplied to them in their cell — with the same penalty to be applied to anyone who in any manner attempts to aid them in circumventing the ban on ownership.
River@intransitivelie depends on the crime of course, but if we're talking about businesses (not CEOs), a big thing to remember is that oftentimes, "the process is the punishment" i.e. the fact that a whole case against a company like Microsoft is being deliberated out in a public court is just incredibly damaging to the company, even if nothing comes of it.
The world becomes aware of their crimes, and the company self regulates it's ambitions in order to avoid more trouble, lest it be dragged back into court.
@intransitivelie but also yeah if a company makes 30 Billion a year or something, we need to fine the bajesus out of them if they break the law.
Fardels BearFines should be based on percentage of turnover. Then corporations would start paying attention.
Tim Ward ⭐🇪🇺🔶 #FBPE@intransitivelie Also we never get told whether any of the fine was ever paid. Leaving us to assume that it all evaporated in appeals and fake bankruptcies.
George BI think fines should be a multiplier on the highest credible estimate of money made/saved by breaking that law.
Earthshine@intransitivelie 2-second penalty like in racing.
Except it's a 50 year endurance race where that means nothing.
K4-713 
calcius@intransitivelie
was thinking the same when I saw the facebook fine posts.
was thinking the same when I saw the facebook fine posts.