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News Capacitor companies hit with price-fixing fine

Discussion in 'Article Discussion' started by bit-tech, 22 Mar 2018.

  1. bit-tech

    bit-tech Supreme Overlord Staff Administrator

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    Read more
     
  2. Spraduke

    Spraduke Lurker

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    New business strategy: Collude in a cartel to maximise profits for years then turn in your competitors so that they are fined and you are not - competitive advantage gained!
     
  3. Cheapskate

    Cheapskate Insane? or just stupid?

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    The EU's new business model confuses me. Did they just get together to sue the pants off random corporations? What will they do with the money if anyone pays up? Do they give everyone a euro after Merkel has spent a few hours rolling around on it naked?
    Can they sue me? :worried:
     
  4. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    No, only the ones that have been breaking the law.
    Dunno: have you been breaking the law?
     
  5. Cheapskate

    Cheapskate Insane? or just stupid?

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    Possibly.
     
  6. Syphadeus

    Syphadeus Member

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    Yes it strikes me as peculiar that by dobbing in the others they've gotten away completely. A reduced fine; I can understand that, but reducing a fine to nothing isn't a reduction, it's a let off. Not only that, but the collusion ended over 6 years ago. When setting the fines have they adjusted for inflation? The amount doesn't seem all that much when you're splitting that many ways (assuming roughly equal fines). If it was such a naughty endeavour you'd think the additional gains from the act would be worth a comparatively small fine 6 years down the road.

    Who gets the money? Not anybody that was ripped off. And who learns a lesson? Nobody. Seems a bit pointless.
     
  7. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

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    Actually, everyone who was ripped off - fines go into the general taxation pot, so that's yours and mine (and everyone else in Europe.)
     
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