Re: Impunity - Complete Impunity
Umm, I'd dial back a little bit here for some aspects
I'm fully with anyone who states that this fine is ridiculously low but even someone as financially inept as me spotted that the valuation was, well, idiotic is probably the most gentle way to describe this.
Any institutional idiot who would have bought themselves in at that price should have been relieved of their job immediately, and I'd be surprised that it is possible that private investors bought this - if they invest so incompetently I'm amazed they had any money left to buy FB stock, and although the company that shares its initial with Microsoft (as well as it's approach to dealing with clients) was involved, I must say that you can't blame them for having idiots for clients.
What you CAN blame them for is manipulation and false statements, and there I am fully in agreement that that fine was measly in comparison to the crime.
Personally, I think they should bring back stocks (yes, winter is no barrier), and only people affected would be given a permit to sell rotten food to throw at those convicted. That would IMHO have a more correcting effect than given the company a reason to rip off more clients or cheat some more on tax to pay the fine. Or double taxation on any board level bonus payments if the company gets above a certain threshold of convictions. Something that *hurts* the people involved. Otherwise it's just a tax write-off.
Or bring back hanging - just not by the neck.