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FCC hits Verizon with $1M fine for dropping 911 calls, again • The Register
(www.theregister.com)
this post was submitted on 27 Jun 2024
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Wow, a whole $1 million. They’ll notice that for like seven seconds.
They won't notice, as fines are already in the cost projections.
The depressing fact this is already in their calculations really suggests fines should be vary based on a percentage of the company’s profits, not a set number for all.
If you do something illegal, and the result is a fixed fine, it's only "illegal" for poor people. Rich people dgaf if they have to pay fine/ticket.
Never profits. Must be revenue.
Companies have ways of looking like they don't make a profit, especially when it comes to filing taxes.
"Oh, we created a subsidiary in Ireland and, gosh darn, they charged us a gagillion dollars for this pen. We actually have a loss this year."
Beat
"Stimulus please!"
I believe that is why people made such a fuss about the GDPR allowing courts to slap companies for up to 4% of their worldwide annual revenue. Whether or not that full extent is ever brought to bear against particularly megacorps is a different question, but at least medium-sized companies will probably avoid repeat offenses. I don't know how Meta felt about the 1.2 billion ticket either, but I can't imagine they just shrugged it off as normal business expenses.
Or it shouldn't be a fine, but criminal prosecution for the executives responsible.
And have been passed on to the consumer in doing so.
The real punishment ought to be an atomic wedgie. For everyone who was a C-level for more than a month at that company in the last 10 years.
This ought to be the punishment for a lot of unethical business practices. You can't delegate that to a customer's wallet.
Punishment should be for every employee, board member and shareholder.
Board members, sure. Shareholders - punishment should be proportional to their stake. Employees? Not sure. At worst it should be similarly proportional. If you're on 10k and the big boss is raking in 1m, that's what? A flick on the nose?
No they won't, but now they where deemed at fault, let the civil litigation begin. As this is the American way.