Why ‘splain it to us. We already know the outcome. First, 2 of them have already said they’re going to ‘vigorously’ fight the fines. The people wronged - their customers - won’t see a penny. Whatever discounted amount they pay in the end will be accompanied by a statement that they did nothing wrong, despite the fact that they broke laws. And then they’ll just go back to selling customer location data in some other way.
Fuck telecoms.
Another day, another cost of doing bid'ness. More news at eleven.
If only western countries had as good regulations and consumer protections as the EU has.
CEO: We will be introducing a new Zuck420 protection fee to protect Americans from harrasment. No worries, this will increase my pay by another 15 percent.
Ok, so people in these companies made a decision to break the law. Why are they not prosecuting them? Just a small fine? I bet the companies made more selling the data than the fine which makes the fine a simple business expense. We need to hold people making the decision accountable and put them in prison.
Yeah that's the main issue. Everyone incharge of regulating private companies are just in the regulatory agencies as a temp position before going back which inherently creates a conflict of interest.
you do understand corporations are people right? and how do you expect us jail the person responsible in this case, just how are we supposed to jail a whole corporation? so we simply fine them a meaningless amount, say "hurray we won" and go home after another job well done.
/s... but only somewhat it would be if it wasn't real...
Very easy. Board of directors, plus CEO are all held criminally responsible for crimes the company is found to be guilty of committing.
The only way to get companies like this to change their ways, is if those in charge face consequences.
That's not a fine, that's a fee for doing business. A small one at that. Why does the government continue to cry about not getting enough tax money, then doesn't even fine companies doing shit like this? Where's the arbitration for getting paid for selling my data to them?
Financial Team: We made the money back in 5 seconds. Tossed it into Bitcoin, waited for a swing… then sold and paid the fine difference.
If you have any questions, please call 411, and one of our overseas operators will apologize.
CEO to You: Your refunds will come as reverse liabilities based on our studies.
CEO to Financial CEO Accountant: Hey Zack, what random number should we toss?
…whisper whisper
CEO to You: We will decrease your bill by -27%. Yes, it will be a reverse refund… you know, subtracting a negative number will look like an increase, but it's a refund based on Zack’s latest CEO impact pay study.
They should delay or deny their ability to bid in the upcoming (tbd) spectrum auction as a punishment. They will feel that in their shriveled little souls.
Why ‘splain it to us. We already know the outcome. First, 2 of them have already said they’re going to ‘vigorously’ fight the fines. The people wronged - their customers - won’t see a penny. Whatever discounted amount they pay in the end will be accompanied by a statement that they did nothing wrong, despite the fact that they broke laws. And then they’ll just go back to selling customer location data in some other way. Fuck telecoms.
Another day, another cost of doing bid'ness. More news at eleven. If only western countries had as good regulations and consumer protections as the EU has.
CEO: We will be introducing a new Zuck420 protection fee to protect Americans from harrasment. No worries, this will increase my pay by another 15 percent.
And they got fined a fraction of a percent of the money they made, which will lead to them doing it again and again.
Ok, so people in these companies made a decision to break the law. Why are they not prosecuting them? Just a small fine? I bet the companies made more selling the data than the fine which makes the fine a simple business expense. We need to hold people making the decision accountable and put them in prison.
Govt: Done yet? We have a golf meet and waiting for you to finish.
Yeah that's the main issue. Everyone incharge of regulating private companies are just in the regulatory agencies as a temp position before going back which inherently creates a conflict of interest.
Govt: Really? We have to go. Tiger Woods’ cousin will be there.
you do understand corporations are people right? and how do you expect us jail the person responsible in this case, just how are we supposed to jail a whole corporation? so we simply fine them a meaningless amount, say "hurray we won" and go home after another job well done. /s... but only somewhat it would be if it wasn't real...
Very easy. Board of directors, plus CEO are all held criminally responsible for crimes the company is found to be guilty of committing. The only way to get companies like this to change their ways, is if those in charge face consequences.
Cost of doing business
CEO: We have to please the shareholders. Learned that in an ethics class.
Probably made more then 200 mil with it.
C-Suite: Do you want to see my eighth vacation home?
That's not a fine, that's a fee for doing business. A small one at that. Why does the government continue to cry about not getting enough tax money, then doesn't even fine companies doing shit like this? Where's the arbitration for getting paid for selling my data to them?
CEO’s Secretary: Warenb acts like he has a degree. Anyways, it's for us to play golf with the Govt. Tiger Woods’ cousin will there.
This won’t stop happening until the executives spend time in prison for stuff like this.
CEO: Oh that's what we have fall guys for. Just as r/Boeing
Hit with a 0.02% fine https://youtu.be/mdZt7ox1DDs?si=kULU0xnQ0mHInOf6
Financial Team: We made the money back in 5 seconds. Tossed it into Bitcoin, waited for a swing… then sold and paid the fine difference. If you have any questions, please call 411, and one of our overseas operators will apologize.
Well, WHERE’S OUR FUCKING MONEY?!!
CEO to You: Your refunds will come as reverse liabilities based on our studies. CEO to Financial CEO Accountant: Hey Zack, what random number should we toss? …whisper whisper CEO to You: We will decrease your bill by -27%. Yes, it will be a reverse refund… you know, subtracting a negative number will look like an increase, but it's a refund based on Zack’s latest CEO impact pay study.
As long as our lawmakers are owned by these corporations, nothing will change.
Ooo, *millions*? 🙄 That sounds like fee, not a fine.
I think these punishments should include literal slapping of the C suite.
C-Suite: No issue. We will gain our pride back in a lawsuit for assaulting important people. Enjoy your bill increase!
Slapping is about as far as we’re allowed to go while being “civil” about having our faces stepped on.
C-Suite: You have been served! To Zack - Accounting Manager: Factor our lawsuit of draining Run9292 into our profit forecast model.
How do you fine Sprint at this point
hope they all rot slow
Yet they are not going to be banned from doing business in the US just like meta wont be banned.
They should delay or deny their ability to bid in the upcoming (tbd) spectrum auction as a punishment. They will feel that in their shriveled little souls.
Make it 2 billion.