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submitted 1 year ago* (last edited 1 year ago) by grte@lemmy.ca to c/canada@lemmy.ca
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[-] Metal_Zealot@lemmy.ml 23 points 1 year ago

Literally just chump change to them. We need to start actually punishing these fuckers, not slapping their wrists and saying "Don't do it again, alright??"

[-] AngryMulbear@lemmy.ca 4 points 1 year ago
[-] Rodeo@lemmy.ca 15 points 1 year ago
  1. Fines that are a significant percentage of global revenue.

  2. 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.

[-] Auli@lemmy.ca 4 points 1 year ago

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?

[-] AngryMulbear@lemmy.ca 0 points 1 year ago

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.

[-] Auli@lemmy.ca 4 points 1 year ago

You mean an actual punishment.

[-] AngryMulbear@lemmy.ca 0 points 1 year ago

Putting rank and file employees out of work isn't the win you think it is.

[-] Metal_Zealot@lemmy.ml 6 points 1 year ago* (last edited 1 year ago)

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

[-] AngryMulbear@lemmy.ca 9 points 1 year ago

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.

[-] jadero@lemmy.ca 3 points 1 year ago

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.

[-] eezeebee@lemmy.ca 1 points 1 year ago* (last edited 1 year ago)

chop off their hands

Stomp on those greedy little fingers first

[-] xmunk@sh.itjust.works 5 points 1 year ago

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.

[-] zainitopia@lemmy.world 14 points 1 year ago

The funny part is that the compensation is maxed at $25/person, it's actually a joke for those that were affected.

[-] Cornpop@lemmy.world 13 points 1 year ago

Wow a whole 2.7 million. What's that 12 hours of revenue?

[-] DerisionConsulting@lemmy.ca 8 points 1 year ago

Not even half that amount of time.

So Epic games is complaining that they removed the loot boxes in 2019, so let's look at what they made around that time; about 4.5 Billion a year.

So that's about $514,000.00 an hour, or about five hours and fifteen minutes.

[-] dingleberry@discuss.tchncs.de 7 points 1 year ago

So like the salary of a single executive.

this post was submitted on 30 Sep 2023
50 points (96.3% liked)

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