Mike Fragassi: "Oh, it's only going to cost $40k for that. Huh" -- a buncha CEOs right now

"Oh, it's only going to cost $40k for that. Huh" -- a buncha CEOs right now

US tech firm agrees to $38,000 in penalties after ‘whites only’ job ad

US tech firm agrees to $38,000 in penalties after ‘whites only’ job adwww.theguardian.com Arthur Grand Technologies blames rogue employee but agrees to implement new training and justice department monitoring

A fine is a price tag

And this one is pretty damn cheap

If a fine isn't large enough to either act as an effective deterrent or utterly obliterate the corporation in question as an example to others, it is pointless.

Better idea, any labor violations at any company, fines should eat into CEOs salary, #2 Freeze the corp hiring, don’t allow them to grow when breaking laws.

Start making CEO’s criminally responsible for violations by their companies and shit will clean up right quick

$40k??? Should be more like $40m. Appalling.

the daycare fine story all over again

I've never heard that story.

daycare institutes a fine to parents who are late picking up their kids; parents just interpret this as a (very modest) price, show up late all the time www.jstor.org/stable/10.10...

A Fine is a Price on JSTOR www.jstor.org Uri Gneezy, Aldo Rustichini, A Fine is a Price, The Journal of Legal Studies, Vol. 29, No. 1 (January 2000), pp. 1-17

No CEO sees "justice department monitoring" as something they want to deal with. They don't even like basic government requirements that come as strings with government money!

I've said it before and I've said it again the only way corporate fines are ever going to be effective is if they are levied in percentage of voting stock.

Rude

Labeled by Bluesky Moderation Service

$40k per infraction. That could add up quick for a bigoted company that refuses to change.

No apologies. They just consider it "the cost of doing business."

Extremely minor cost of doing business.

The unfortunate thing here is that the company is getting pilloried for doing the right thing. The ad was put up by a disgruntled employee who was angry with a poor review, but the company is accepting responsibility, rather than fighting it. No good deed goes unpublished.

You are probably right, but I think people are justifiably skeptical of corporate press releases. My own point: the truly scummy ones (the ones who fume against "DEI hires") are looking at this, going "hmmm. Looking into it"

well presumeably it would scale with the ability of the company to pay. This is a small business and DoJ wants to punish them not obliterate them.

Hopefully, but I don't know if hope is justified. Other replies have pointed out that "Justice Dept. monitoring" may be a greater disincentive. Although again, details will matter.

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