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I don't understand why they weren't ordered to pay back the money they stole from consumers. Instead, they can turn a profit from criminal enterprise.
Because we live in capitalist oligarchies masquerading as Democracyโข๏ธ
Canada has a huge competition problem and the liberals and conservatives are too corrupt to change anything about this. We have 3 grocery company and 3 telecom providers that both fix prices so fuxking high, and the government keeps giving them subsidies aka free money. I really hope one day a government with some balls will get elected and decide to force these companies to split up. I promise to myself that if I ever get enough money, I would start a telecom company and sell plans at cost + a fixed margin, just to hurt the big players. This happened in France 20 years ago with Free, they basically had the same situation as we have here, and they came up with a plan that was still profitable but was wayyy less expensive than the competition. Of course the big players tried suing Free but they lost and now France has among the lowest telecom prices for developed countries
fucking
Iโm going to shop at local bakeries in response.
$500 million
What a joke. When I was buying bread from Fraudlaws, I was buying multiple loaves a week, for years on end. If millions of other customers did the same, they really should be refunding BILLIONS in money they stole from us. And someone should get jail time from this.
Just coincidentally, the amount of profit they made in a single quarter during the pandemic after gouging everyone with price increases that more than doubled the costs of some items.
Out of.curiosity - how well do castles burn?
And they continue to say that the doubling of prices had nothing to do with them increasing margins. Funny how a company can turn such a massive profit, get caught for actually gauging customers, and continue to gaslight everyone into thinking it's all in our heads.
Needs to come right out of senior executive compensation not the company as a whole. You bet it would never happen then.
I should become a Loblaws C executive. I'll be able to commit all sorts of crimes that normal people get jailed for, only a thousand times bigger! And I won't be punished at all, I'll just have to pay a little bit of tax and that's it! And then the kicker, they'll just let me continue commitingy crimes as of nothing happened!
This is becoming my default response to corporate bullshit:
Don't like it? Prove that you were actively fighting against the company's corruption, and we'll see.