this post was submitted on 04 Mar 2024
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Which is why it's better for fines to be expressed as percentages of revenue of the company. Not raw amounts. That way it truly hurts their bottom line and makes them listen and comply.
I mean, that is what happened here -- they looked at market cap and yearly revenue to determine the fine amount. I agree with you for like speeding tickets which need to have their fines pre-listed, but for stuff like this a commission deciding the fine is exactly what you want. They could have gone higher ofc but the higher you make the punitive damages the higher the chances of an appeal working.