For Facebook and Alphabet, Big-Ticket Fines Cause Limited Pain – WSJ

VEA Vice Chair Nell Minow is quoted in this Wall Street Journal story about whether the penalties Facebook will be paying is enough to discourage further abuses.

Financial penalties typically are meant to discourage further misbehavior or make victims whole, said Nell Minow, vice chair of ValueEdge Advisors, a corporate-governance consulting firm for investors.“That second one is out the window—no one is getting their information back,” Ms. Minow said. “As for the first one, you have to add another zero onto it to make it painful enough.”

Source: For Facebook and Alphabet, Big-Ticket Fines Cause Limited Pain – WSJ

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