> At some point, compliance becomes bad business.
It's not even funny. If compliance is bad business for you, well, your other choice is to not have business.
Wonder what shareholders would say, but not too much. Not one of them.
It's not even funny. If compliance is bad business for you, well, your other choice is to not have business.
Wonder what shareholders would say, but not too much. Not one of them.
But say instead France asks for 4% of global revenue, and there are rumblings from Spain, Italy, Germany, UK, Sweden, Poland, Romania, Denmark and Greece that if France is successful they will do the same.
Suddenly the potential fines are 40% of global revenue, but Europe doesn't generate 40% of global revenue.
I mean, if somehow Google would manage to pay biggest possible fine without changing practices, I'd expect the law updated to bigger fines.
And if they refused to pay, I imagine new laws would be passed to force compliance...such as criminal penalties against corporate executives and board members who choose to leave the fines unpaid.
Sundar Pichai's going to have Google pay up if the alternative is that he could end up in a French jail.