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Luke James is a freelance writer and journalist.\u00a0 Although his background is in legal, he has a personal interest in all things tech, especially hardware and microelectronics, and anything regulatory.\u00a0 ","collapsible":{"enabled":true,"maxHeight":250,"readMoreText":"Read more","readLessText":"Read less"}}), "https://slice.vanilla.futurecdn.net/13-4-13/js/authorBio.js"); } else { console.error('%c FTE ','background: #9306F9; color: #ffffff','no lazy slice hydration function available'); } Luke James Social Links Navigation Contributor Luke James is a freelance writer and journalist. Although his background is in legal, he has a personal interest in all things tech, especially hardware and microelectronics, and anything regulatory.
hotaru251 The transactions were valued at some $126 million, with the final penalty set at twice that amount, which Commerce described as the statutory maximum. and until this changes they will keep doing it. When they can easily make the fine back its just the cost of doing business. Maximum fines need to be scaled off the company's value and/or profit (whichever is greater) since the law was broken so that the fines are ACTUALLY impactful that a company actually gets harmed for more than a quarter or two. Reply
thestryker hotaru251 said: and until this changes they will keep doing it. When they can easily make the fine back its just the cost of doing business. In this specific type of situation the company actually loses which is the outcome you want. If they make x amount and the fine is 2x that does discourage them because it's not financially worthwhile even if the company can absorb the cost. Reply
TechieTwo If there is a "next time" then the fine should be increased 100 fold. Reply
hotaru251 thestryker said: If they make x amount and the fine is 2x that does discourage them because it's not financially worthwhile even if the company can absorb the cost. except it does. they were only caught doing this one thing. They will make that back eventually and if they are doing other shady stuff they still profit. Point of scaling it to the companies value/profit is there is no making that back as thats multiple yrs of damage that a company would not risk. Its meant to be extremely costly to prevent anyone from actually trying it. Reply
thestryker hotaru251 said: except it does. they were only caught doing this one thing. They will make that back eventually and if they are doing other shady stuff they still profit. Point of scaling it to the companies value/profit is there is no making that back as thats multiple yrs of damage that a company would not risk. Its meant to be extremely costly to prevent anyone from actually trying it. That's very much not a viable strategy anyone is going to get behind. That'd be like executing someone for embezzlement. Reply
nrdwka maybe it would make economic sens to move out to another country to do business with profitable client🤔🤷♂️ Reply
jwnm These companies should be broken up and sold to cover damage. The damage amount from these corruptions perpetuate over time so the damage amount is just starting now. It will get worse over time thus breaking them up will avoid future violations and set an example. Reply
bill001g thestryker said: That's very much not a viable strategy anyone is going to get behind. That'd be like executing someone for embezzlement. Maybe not executing them but making it so they live the rest of their lives with a sign "will work for food". Take every penny they make for the rest of their lives. This is the whole problem there is no punishment. If you said we will give you a millions dollars you just have to go to jail for a year you would have a line around the block of volunteers. No different than shoplifters. Watch the youtube body cams videos. They outright say they will get a couple hours in jail and a fine for the times they get caught. They make so much from when they are not caught they do it over and over. If there was a walmart sniper on top of the roof they would not be running with their whole shopping cart of goods telling the walmart employees to not touch them and we will be gone before the cops get here. Reply
Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/applied-materials-to-pay-252-million-bis-penalty#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.