Ya the problem needs to be a fine the first time, second time it’s fraud. Allow for honest mistakes. Punish for clearly defrauding customers. We really need jail time for execs making these decisions but that rarely happens.

You want prison sentences for execs if you were charged $1.50 for a can of corn instead of $1.45? Surely you can't be serious.

If there’s a paper trail showing they authorized it, and the total amount of fraud is enough for felony charges (a few thousand bucks, I think), then yeah, throw their asses in prison, and make them refund the money they had the business steal out of their personal funds.

I’m all for limited liability corporations, but if there is a smoking gun that shows you intentionally engaged in criminal activity, that should pierce the liability shield.

Do you honestly believe a senior exec at a company specifically said to charge the customer more than what the price on the shelf says? Chances are, in the world of computers and automation, mis-pricing just happens. Its a chance we all take as consumers. You just have to be mindful when shopping.

If you really believe 5 cent transactions never amount to significant consequences why don't you send me 5 cents a million times.

OK, and the next time you defraud your employer by $0.05 (take a longer break then needed, arrive late to work, etc) then you should spend the rest of your days in prison. Fair is fair, right?

Corporate fines should all be percentages of profits.

Pretty trivial to make profits "not exist" though if you planned to engage in fraud and wanted to de-risk it.

I'm pretty sure GP was suggesting a general enforcement framework, not talking about any particular company.

Anyway no, shareholders care about much more than simple profits.

Explain, please.

I ask because I've never invested in a company that wasn't very profitable. I'm trying to find out besides intense insider information why someone would. (I'm not VC clearly, just a retail investor.)

Explain how people care about more than just profitability?

If they didn't, everyone would be invested in the single most profitable company on the market, which they're not.

There are unprofitable companies people are perfectly willing to buy.

Growth, absolute revenue, rates of rates of change are all relevant depending on what you care about.

Revenue, not profit.

Or revenue?

If movie contracts are any lesson, you always want to be on the gross. Too many ways to game the system otherwise.

And that only works because the theatres aren’t controlled by the producers. Revenue recognition is its own field of ripe fuckery.

God yes

Percentage of global tärevwbue works. We know that from GDPR. But I would personally prefer prison sentences for the execs.