Reply to post: Re: CEO in Jail

AT&T: We did nothing wrong in promising unlimited data that wasn't. We're just giving the FTC $60m for fun

Jimmy2Cows Silver badge

Re: CEO in Jail

I agree, but I suspect allowing the get-out clause of settling without admitting liability/guilt enables the US gov to make some money with minimal risk.

Putting the CEO and board in jail means an expensive trial which gov might lose, opening them to litigation costs and counter-suits.

The current state of play means gov gets some cash, has the appearance of taking punitive action, and the companies still make profit as the settlement is less than profit made from the infraction.

So everybody wins. Except the consumer, who is continually shafted. And this is why things are unlikely to change.

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