[flagged]
USA imprisons more corrupt executives than Europe does.
German court sends VW execs to prison over Dieselgate scandal
41–50 of 348 posts
Re: German court sends VW execs to prison over Dieselgate scandal
#42Good for Germany, but it is all too rare to see bad corporate behaviour punished like this. Steal £10k from a company, and you will probably go to prison for a long time. Start a company and steal billions from your customers and/or the tax payer, and you will probably get away with it. I believe Iceland was the only country to jail bankers after the 2008 banking disaster. We are still waiting for the British governm…
The question is, whether VW as a German company is now going to end up being beaten by US competitors which could do even more nasty stuff unpunished.
Germany is free to prove that these companies are cheating as well.
Re: German court sends VW execs to prison over Dieselgate scandal
#43Nice.
Re: German court sends VW execs to prison over Dieselgate scandal
#44[flagged]
> You see USA? This is how it's done. You mean like Oliver Schmidt, the VW exec that the USA sentenced to 7 years in federal prison all the way back in 2017 for his part in this scandal? Who was then sent back to Germany in the middle of his sentence and pretty much immediately released on parole by German authorities? But sure, USA bad or whatever.
So who got put into prison at Jeep, RAM and Dodge (Cummins, FCA)?
Re: German court sends VW execs to prison over Dieselgate scandal
#45Good for Germany, but it is all too rare to see bad corporate behaviour punished like this. Steal £10k from a company, and you will probably go to prison for a long time. Start a company and steal billions from your customers and/or the tax payer, and you will probably get away with it. I believe Iceland was the only country to jail bankers after the 2008 banking disaster. We are still waiting for the British governm…
Well, as everyone knows, accountability really stifles innovation. All my libertarian friends tell me that it’d be better to privatize it rather than trying to legislate morality.
Luigi as privatized accountability?
Re: German court sends VW execs to prison over Dieselgate scandal
#46[flagged]
What did Zuckerberg do? Maybe he did do something, but hearing "Boo Fuckerberg!" over and over again doesn't imply he's guilty of anything. It's similar to hearing "it's the Jooos" a bajillion effing times and then believing it without asking for any substance.
Zuckerberg profits by replacing normal human social interaction with ad-infested parasitic addictive pseudo-socialization that drives a sobering % of the population to worse mental states
Re: German court sends VW execs to prison over Dieselgate scandal
#47Good for Germany, but it is all too rare to see bad corporate behaviour punished like this. Steal £10k from a company, and you will probably go to prison for a long time. Start a company and steal billions from your customers and/or the tax payer, and you will probably get away with it. I believe Iceland was the only country to jail bankers after the 2008 banking disaster. We are still waiting for the British governm…
SBF is in prison, so it happens sometimes.
Re: German court sends VW execs to prison over Dieselgate scandal
#48Earlier quoted context omitted.
Not really, it's just that rich people are mostly above the law most of the time
When it comes to criminal offences, they are pretty much within the law, well except they can afford better lawyers so usually get away with minimum legally possible punishment. Companies and the concept of limited liability exists to make innovation possible. No one will start a startup knowing they will have their house confiscated and go to prison if it fails. And, because majority of money businessmen make is the…
> No one will start a startup knowing they will have their house confiscated and go to prison if it fails.
What does that have to do with anything? We're not discussing a case of VW making bad business decisions and losing money.
If you start a company and break the law and harm people, you should have your house confiscated and/or go to prison. If you can't take this responsibility, just don't start the startup, that's perfect.
You are creating confusion about the subject being discussed in order to defend criminals.
Re: German court sends VW execs to prison over Dieselgate scandal
#49Good for Germany, but it is all too rare to see bad corporate behaviour punished like this. Steal £10k from a company, and you will probably go to prison for a long time. Start a company and steal billions from your customers and/or the tax payer, and you will probably get away with it. I believe Iceland was the only country to jail bankers after the 2008 banking disaster. We are still waiting for the British governm…
The question is, whether VW as a German company is now going to end up being beaten by US competitors which could do even more nasty stuff unpunished.
We should let our executives commit crimes lest they be outcompeted by other executives committing worse crimes is a terrible argument. It's more a argument for not letting the other company compete as easily in your country
Re: German court sends VW execs to prison over Dieselgate scandal
#50Earlier quoted context omitted.
Well, as everyone knows, accountability really stifles innovation. All my libertarian friends tell me that it’d be better to privatize it rather than trying to legislate morality.
Luigi as privatized accountability?
If powerful people were afraid they would be a lot less unhinged.