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Comment by Trias11 | Hacker News Reader

No one who has $2.5B is going to jail for anything.

Fines like this typically punish shareholders and lower level employees (via restructuring in response to a need to find budget for the fine).

> Fines like this typically punish shareholders

Good.

That should motivate shareholders to assure that they can hold management of firms they invest in accountable.

> and lower level employees

Which is regrettable, but I’m not sure how any form of corporate sanction could avoid that.

You could have the fines be "heavily" pulled out of compensation packages for the higher ups who actually have the power to change the organization... but then they'd probably just leave and screw up some other place?

Do boards generally try to claw back compensation in these sorts of situations? (Just as they have been doing in some of the recent cases involving financial shenanigans.)

Boeing belongs to the USA, so US citizens will take the punishment then. Am I right?

Boeing is a publicly traded company based in the USA. That is different from being owned by the USA. Amtrak (which provided passenger rail service in the USA) is owned by the US Federal Government. Boeing on the other hand is owned by a multitude of individuals like you and me and probably a good number hedgefunds.

Meanwhile, Airbus... I've always heard the French Government supports it, but it's hard to see exactly how.

and something interesting I just noticed:

"In 2015, Airbus Group said it was establishing an R&D center and venture capital fund in Silicon Valley."

Martha Stewart? But that was securities fraud, the only true crime.

> Martha Stewart? But that was securities fraud, the only true crime.

I don't think Martha Stewart is a billionaire.

She's > 600 million.

At that level, I'm not sure there's a useful distinction between her level & billionaire

that was lying to the FBI actually

"The charge is bank robbery. Now, my caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested. Therefore, robbing a bank is tantamount to that most heinous of crimes, theft of money."

>In March 2004, Stewart was found guilty of conspiracy, obstruction of justice, and two counts of lying to a federal investigator. Her securities fraud charge was dismissed.

https://www.thestreet.com/lifestyle/martha-stewart-net-worth...

The one thing that will absolutely send you straight to jail 100% of the time is playing games with rich people's money.

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