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Epic Games, maker of โFortniteโ video game, begins $2.75M settlement payout
(www.winnipegfreepress.com)
this post was submitted on 30 Sep 2023
52 points (96.4% liked)
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What are you proposing?
Fines that are a significant percentage of global revenue.
Personal consequences for the people who made those decisions. For example if I started an illegal casino I'd be looking at jail time. Meanwhile these guys are literally walking away.
CEO's should be the ones punished. They get the praise when things are good and then when shit happens OH we can't know everything. Well which is it are the responsible for the companies actions or not?
The problem with revenue based fines is payroll makes up a large portion of a companies expenses.
This would just lead to job losses as the company makes cuts to pay the fine.
You mean an actual punishment.
Putting rank and file employees out of work isn't the win you think it is.
Somehow force the people responsible to resign for knowingly pushing forward tactics that take advantage of the consumers/market, instate laws that prevent it from happening again, chop off their hands, take your pick
I'd like to see something like a corporate prison, where the company is put under government receivership for X number of years, with no distributions to shareholders. Board of Directors would be disolved, and all C levels fired.
That increased risk would ensure shareholders are more diligent at governing these companies.
I like it!
If it's serious enough or there are repeated offenses, the directors might have to resign from all boards and the C-suite prohibited from taking equivalent positions elsewhere. And eventually actual humans get prison.
I'll split the difference and be happy putting them in jail for a decade or two.
Stomp on those greedy little fingers first
It needs to at least be a steep multiplier of how much they earned. Consumers should be getting full refunds and the province should be collecting a tidy war chest off of Epic.