Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Monsanto posted a gross profit in 2015 of $8 billion [1]. I doubt losing 1% of their earnings for a single year qualifies as being "screwed".

--

[1]: http://www.monsanto.com/investors/documents/2015/2015.10.06_... - "Gross Profits: $8,182 M"

edit: accidentally a word



It's for accounting improprieties, not a drug hustle. The fine is proportional to the crime. Even if we charged $800 million for this, would we charge $800 million for them not having a handicapped parking space at one of their offices?

Comparing to overall profits is counterproductive and dishonest. The punishment should fit the crime.


Comparing to overall profits is necessary when the discussion is about whether the penalty financially screws Monsanto's shareholders over. Nowhere in the parent thread is there a discussion going on about whether this is an appropriate penalty, just whether or not it "screws" Monsanto - in the context of their 2015 earnings statement, it's obviously not.


Fraud is a serious crime. Much worse than selling drugs in my opinion.


God. Put it in those terms and it feels like the punishment for corporate tax fraud is a parking ticket.


Even worse, it's just written off as a cost of doing business.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: