The maker of the popular video game “Fortnite” has begun compensating claims in a $2.75-million settlement to a Canadian class-action lawsuit over the inclusion of controversial “loo...
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??”
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.
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
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.
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.
Fines that are a significant percentage of global revenue.
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.
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?
What-about-ism is not a valid consideration for the law for very good reasons. I think we’d all be better off if more people in general could see through how petty of an argument it is.
Care to share some of those good reasons? And how the comment you replied to is a whataboutism? It’s not raising a new issue to distract from the topic; it’s asking why nobody else doing the same shit is being punished.
The comment above didn’t say “Hey, we should go after those other guys.” It pointed out that it’s weird for Epic to be punished when others weren’t. Epic broke the law - they were punished. Ideally everyone else who has done so should be pursued as well but whether or not they have been isn’t a reason to delay punishing Epic.
This is classic what-about-ism (though I don’t think it was malicious just ill conceived) and, legally speaking it leads to a very serious mechanical problem. Lawsuits aren’t instantaneous or entirely predictable. If we wanted to pursue fossil fuel companies in court for environmental damages the absolute first thing they’ll all do is put PR pressure on the court system by pointing out how much less bad they are than their competitors - and its impossible for all of the big companies to be pursued precisely in sync… this pressure needs to be ignored by the legal system or it prevents the fair prosecution of anyone.
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Fixed
So like the salary of a single executive.
Wow a whole 2.7 million. What’s that 12 hours of revenue?
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.
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??”
What are you proposing?
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.
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
I’ll split the difference and be happy putting them in jail for a decade or two.
Stomp on those greedy little fingers first
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.
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.
Fines that are a significant percentage of global revenue.
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.
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.
You mean an actual punishment.
Putting rank and file employees out of work isn’t the win you think it is.
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?
The funny part is that the compensation is maxed at $25/person, it’s actually a joke for those that were affected.
It’s weird that they have to payout anything when they were hardly the first to monetize this way
What-about-ism is not a valid consideration for the law for very good reasons. I think we’d all be better off if more people in general could see through how petty of an argument it is.
Not really though. Cause there is precedent.
Care to share some of those good reasons? And how the comment you replied to is a whataboutism? It’s not raising a new issue to distract from the topic; it’s asking why nobody else doing the same shit is being punished.
The comment above didn’t say “Hey, we should go after those other guys.” It pointed out that it’s weird for Epic to be punished when others weren’t. Epic broke the law - they were punished. Ideally everyone else who has done so should be pursued as well but whether or not they have been isn’t a reason to delay punishing Epic.
This is classic what-about-ism (though I don’t think it was malicious just ill conceived) and, legally speaking it leads to a very serious mechanical problem. Lawsuits aren’t instantaneous or entirely predictable. If we wanted to pursue fossil fuel companies in court for environmental damages the absolute first thing they’ll all do is put PR pressure on the court system by pointing out how much less bad they are than their competitors - and its impossible for all of the big companies to be pursued precisely in sync… this pressure needs to be ignored by the legal system or it prevents the fair prosecution of anyone.