• realcaseyrollins@thelemmy.clubOP
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    2 months ago

    TBF fines do more than that, they tank stock value if the company is publicly traded. That makes stockholders mad at the corporate leadership and threatens their jobs.

    • 5too@lemmy.world
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      2 months ago

      That seems like a pretty weak consequence, and not an intended one. Worse, it’s one likely to be least impactful for the worst offenders - a megacorp isn’t going to care much about fines, and the market won’t see any danger to their investment in them.

      • realcaseyrollins@thelemmy.clubOP
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        2 months ago

        If Mark Zuckerberg keeps breaking the law and gets Meta constantly fined, tanking the stockholder value, heck yeah he’s gonna be out of a job. That’s a relatively big consequence as far as consequences go.

        • 5too@lemmy.world
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          2 months ago

          I certainly hope that happens. But it’s not a reliable enough consequence to justify the currently low level of fines, which was how I read your earlier comment.

    • madcaesar@lemmy.world
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      2 months ago

      Oh no 😱 the stock value!! I guess that makes up for all of the people dying because they were denied care.

      • realcaseyrollins@thelemmy.clubOP
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        2 months ago

        That’s like saying “putting a murderer to death doesn’t bring the victim back”.

        Like, okay. And? Restitution is not the point of penalties like these, it’s to punish the perpetrators and deter others from doing the same in the future.