Blog — June 2012

Punytive Damages? World’s Biggest Corporate Fines

Bad week for mega-corps. GlaxoSmithKline facing a $3 billion settlement for fraud (link) . Barclays hit with a $450 million penalty for manipulating interest rates (link).

But are these punishments proportional to the crime? After all, one company’s million-dollar fine is another corporation’s small change.

We’ve gathered and visualized the biggest corporate fines of the last seven years, not just as raw amounts, but also as a percentage of each company’s profits. That way you can see for yourself if the punishment was painful or puny…

(more…)

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