ryan cooperVerified account

Sooooo is anyone going to jail and/or will the state of California seize PG&E or is this just going to be a case of a CEO resigning with a golden parachute and everything going back to business as usual

Business as usual. "We treat corporations as persons but we don't send corporations to jail,' Ramsey remarked. The best the state could do, he said, is to fine the company as a person." That statement is from the district attorney.

Is anyone going to jail?

i am v skeptical that public ownership is any kind of automatic cure for that kind of problem. our roads, bridges, such like aren't generally privately owned, for instance. the state could change the way this very tightly regulated private utility behaves if it wanted to.

no it's not automatic, but what's missing is a competent state. it can run things itself or it can regulate the piss out of private utilities, but let greedy capitalists run the show and this is what happens

My god, this should result in corporate equivalent of life in prison or something. Instead they are only paying a less than 4 million dollar fine?! This is so wrong