For example, consider Amazon, who didn't turn a profit for decades:
http://www.slate.com/content/dam/slate/blogs/future_tense/20...
Also, maybe you could tone down the drama? Even if you were right, which you aren't, the comment you're replying to was clearly well meant.
If we're talking about the discrepancy between punishments for individuals and punishments for companies, then we should absolutely be looking at revenues, not profits. Or alternately, punishments for individuals should look at savings, not income.
Is this true? Can someone cite examples of this happening?
http://www.eham.net/articles/3908
This guy got seven years, but he was interfering with public safety radios operated by police and the like, so that's not the same:
http://www.eham.net/articles/14858
Looking at other convictions, it seems that the more usual punishment is arrest, probation, and a massive fine. Even compared to that, fining a big hotel $600,000 is a joke.
Suddenly, there will be a lot more care about ethical behavior..
http://www.slate.com/blogs/browbeat/2015/10/12/john_oliver_e...
These people are financially motivated, so the punishment should be financial. Most criminals don't think they are going to be caught anyway, so prison isn't a disincentive. Financial punishment may not be a disincentive either (but I suspect for most shareholders it would), but it has the effect of reducing the efficacy of bad actors, leading to better outcomes overall.
The real problem is the fines are usually far outweighed by the profits from acting in this manner. Make the punishment an audit at the end of which they must pay the costs of the independent audit (whether done by private third party or government) as well as a multiplier on whatever profits were determined to stem from the elicit activity.
Many of the people I found while searching got fines that probably equated to something like a year's salary. Fine these companies an amount comparable to a year's revenue and I bet things would change in a hurry.
While I agree with you about prison not working, fining a multibillion dollar company the equivalent of a few day's profits aren't good enough. The fines need to be much more strident, along the lines of administrative dissolution or something else that would motivate the top brass via angry shareholders.
Should we consider the economic impact to the neighborhood, city, state, or nation when levying fines?
Do you think VW shareholders are angry? I think not. They know management did what it had to do. I'm just mad that they threw the programmers under the bus.