I’d say 50% of gross profit, or 50% of net worth, or 50% of stock valuation, which ever (whichever?) is highest, plus 90% of C-level and Board compensation.
After the first couple companies go tits up from these kinds of fines, the industry will start paying attention, especially the C-level, as they have the most to lose.
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I think the fine is reasonable this time:
https://nieuws.nl/economie/recordwinst-voor-uber-door-vraag-naar-taxiritten-en-maaltijden
https://investor.uber.com/news-events/news/press-release-details/2024/Uber-Announces-Results-for-Fourth-Quarter-and-Full-Year-2023/default.aspx
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I’d say 50% of gross profit, or 50% of net worth, or 50% of stock valuation, which ever (whichever?) is highest, plus 90% of C-level and Board compensation.
After the first couple companies go tits up from these kinds of fines, the industry will start paying attention, especially the C-level, as they have the most to lose.
Put another zero behind the number and then it’s a start.
0290 million? ;)
But, yeah, that seems trivial to them.
€290,000,000.000
3 useless decimal places that only help in deceiving the reader into mistaking it for a 1000’th separator. I hate it.