There has to be some mechanism for some additional cost for the defendants to prevent appealing all court decisions...
An where have thesse 'fines' resulted in anything beneficial to human society.
THe title *SHOULD* read:
Google forced to fund N schools in Germany for fucking up.
But no,
In ALL of any of these 'fine-ings' can we have a document of where the fines were applied and what they accomplished?
That would only give them another way to put a positive spin on their anti competitive behavior.
It's particularly noticeable because the regulations selectively enforced are usually a huge hindrance to market entrants.
<Insert golden goose analogy here>
How did you draw a line from the former to the latter?
Europeans don't want you to keep that much data on them. If your business model requires that, it is not one we want to encourage.
It's also why tech companies keep complaining about EU regulators.
The company would still feel the same incentive. For the government on the other hand, it removes the incentive to fine for one's own gain. I like that it would remove this conflict of interest.
By removing the money, it's essentially very slightly reducing inflation.
>>While in theory this sounds nice, in practice it means everyone gets nothing.
im trying to find out where anyone got something?
Usually, this is impossible, because fines are tossed into a large pool of fungible money which is periodically allocated, but the allocation isn’t done per individual fine.
Of course, the budget which applies to the fund involved is usually public, so insofar as it is approximately and imprecisely (in relation to a specific fine) possible, it is already done routinely.
Actually that'd be great for serious transgressions. They're at the helm, they make decisions, they reap the rewards, why shouldn't they also be punished when the company fucks up seriously?
Then, practically speaking, the groups involved are simply too large to pin outcomes on individuals, and we don't do guilt-by-association. The timescales are also wrong, because the people responsible will often have moved on long ago. And the people usually do not participate in the spoils anywhere close to linearly with their involvement (which is a good thing because it prevents most corporate malfeasance: you aren't going expose yourself to moral and criminal guilt at a 9-5 job).
Also,, the standard-of-proof that is required is higher ("beyond reasonable doubt", i. e. 95%) than it is in civil cases ("preponderance of evidence", i. e. 50%). This is an outcrop of that moral-guilt vs responsibility thing from above, and also from the fact that in civil court it's often arbitrary what side of the courtroom you end up on.
I mean shitshows like Boeing, Equifax and similar. Where the company showed blatant disregard for safety and security, and it was really not a single person making a mistake, but big parts of the entity being rotten to the core. For such things, the executives should face consequences in the form of a combination of: go to prison for some time, face heavy fines against their personal wealth ( ideally proportional), and have bans on leading any commercial for some time afterwards.
The incentives are all wrong for everything below fraud ( Enron level). Boeing got away with literally manslaughter through criminal negligence, and what consequences where there? The CEO got a golden parachute, and a chief pilot got thrown under the bus. That will make them learn their lesson, right?