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@thanatos
Created February 5, 2021 03:25
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Slap on the Wrist

Corporations are supposedly like people. So, when they do something bad, do we punish them like people?

The following is a collection of articles reporting on corporations that have done something bad, and what the conclusion of that was. Any penalty the corporation faced is listed, both in its absolute value, and scaled relative to that company's revanue to that of a "normal" household income. For the purposes of this Gist, the value $65,000/year is chose as "normal":

According to the ACS, the U.S. median household income in 2018 was $61,937.

Household income in the United State

That is, the fine is scaled by scaled_fine = fine / corporate_revanue * median_household_income, where median_household_income is $65,000 for simplicity. The other two varaibles depend.

fine is any punitive amount. If you steal $10 from someone and are caught and only forced to give back the $10 you stole, you're no worse off, and will likely keep stealing, since there's a chance you won't get caught, and no downside if you do.

Read carefully below: some of these are settlements. Some are not.

Amazon shortchanged drivers $61.7 million in tips. Now it has settled with the FTC to pay up.

https://www.washingtonpost.com/technology/2021/02/02/amazon-ftc-tip-settlement/

On Tuesday, it settled claims with the Federal Trade Commission, which found that statement false. Amazon agreed to pay the regulator $61.7 million, the amount the FTC claims the company shorted its drivers in tips over a 2½ year period.

The FTC said it will refund all of the payments to drivers who were shorted. Law precludes the agency from additionally fining the company, FTC Commissioner Noah Joshua Phillips said during a news conference Tuesday.

fine = $0; corporate_revanue = $386B (2020, Wikipedia)

Scaled fine: $0.

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