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by tomhoward
958 days ago
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No, it's a big amount of money, particularly if it happens repeatedly. Governments have responded to companies' practice of just breaking laws and taking the hit, by continuing to push fines up to they point that they really do hurt and drive down the share price, which directly hurts the wealth of the senior executives and directors. Bayer's share price is 70% down off its 2015 peak and 65% off its peak since the Monsanto acquisition bid was launched, and has even dropped 30% in just the past 6-7 months. These fines and judgements, and the worry that they may keep happening into the future, are definitely damaging the company. |
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