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> The EU solution meaningfully changes the offending company's behavior. Citation needed. I'd imagine they just add a tiny markup to their prices to pay the ev
by Chiron1991 1y ago
> The EU solution meaningfully changes the offending company's behavior.
Citation needed. I'd imagine they just add a tiny markup to their prices to pay the eventual fine instead of investing huge amounts of money into fixing their broken processes. Comparing the list of EU-issued fines against the respective companies' profits shows that they can simply afford to make those mistakes instead of preventing them.
- lone-commenter 1y ago> they just add a tiny markup to their prices to pay the eventual fine instead Ironically, this counter-argument applies perfectly to the "US solution". On the contrary, EU's huge fines have a better chance of being effective.
- theshrike79 1y agoStock holders generally frown upon multi-billion euro fines and may want a change in management.
- disgruntledphd2 1y agoAnd it's probably securities fraud ;)