Kenig 💭Oct 13, 2022
krishna boundi agree he's liable and should be fined but $1B just seems insanely out of proportion
for reference BP actually killed 15 people due to purposeful corporate negligence in 2020 and was only fined $51 million
ExxonMobil purposefully breached the US Clear Air Act for several years while being caught in a lobbying corruption scandal to get away with it and was only fined $589M
Shell violated 500+ environmental violations including 5 releated to the Clear Air Act and was fined only $394M
Bank of America actively stole money from its clients, violated federal law several times over, lied about insurance, failed to disburse benefits from govt funding, and lied about it to congress and was fined only $225M
Pharma companies participated in price-fixing for d**** (which resulted in a 10000% price hike) as well as lying to congress about it and engaging in corporate conspiracy and were fined only $400M
Criminal fines for opioid crisis-related charges were only between $225-635 million
just to give you an idea of the scale of this. sorry but while i think jones should be fine and held accountable the comparison of fines here is
(for the record OBVIOUSLY corporate fines should be exponentially higher for the above)Not too sure here but isnt it because if you end up fining companies too much they will just reduce their workforce to cut cost and the actual criminal executives go unpunished while hundreds could lose their jobs
- Kenig 💭Oct 13, 2022·1 reply
Comparing companies and individuals just dont make too much sense for finings imo
- Oct 14, 2022Kenig
Comparing companies and individuals just dont make too much sense for finings imo
It’s more about the scale of the punishment than it is just monetary amounts imo
Oct 14, 2022krishna boundi agree he's liable and should be fined but $1B just seems insanely out of proportion
for reference BP actually killed 15 people due to purposeful corporate negligence in 2020 and was only fined $51 million
ExxonMobil purposefully breached the US Clear Air Act for several years while being caught in a lobbying corruption scandal to get away with it and was only fined $589M
Shell violated 500+ environmental violations including 5 releated to the Clear Air Act and was fined only $394M
Bank of America actively stole money from its clients, violated federal law several times over, lied about insurance, failed to disburse benefits from govt funding, and lied about it to congress and was fined only $225M
Pharma companies participated in price-fixing for d**** (which resulted in a 10000% price hike) as well as lying to congress about it and engaging in corporate conspiracy and were fined only $400M
Criminal fines for opioid crisis-related charges were only between $225-635 million
just to give you an idea of the scale of this. sorry but while i think jones should be fine and held accountable the comparison of fines here is
(for the record OBVIOUSLY corporate fines should be exponentially higher for the above)the amount is that high probably because he intentionally botched his case to the point where the judge found him liable by default; and this happened in two separate cases. like you have to put in effort to f*** up that badly.
if he had put in any modicum of an effort in fighting the case and hired a legal counsel that was actually competent he'd definitely be paying less than $1 billion, hell maybe even less than $100 million IMO. but yeah this high score he just got in large part has self-infliction attached to it, which makes it even funnier lmao.
Oct 14, 2022a billi
RASIE 🦦Oct 14, 2022·1 replyWho cares
Oct 14, 2022RASIEWho cares
Facts