Linked by Thom Holwerda on Wed 5th Dec 2012 18:05 UTC
Legal "The European Commission has fined seven international groups of companies a total of EUR 1,470,515,000 for participating in either one or both of two distinct cartels in the sector of cathode ray tubes. For almost ten years, between 1996 and 2006, these companies fixed prices, shared markets, allocated customers between themselves and restricted their output. One cartel concerned colour picture tubes used for televisions and the other one colour display tubes used in computer monitors. The cartels operated worldwide. The infringements found by the Commission therefore cover the entire European Economic Area. Chunghwa, LG Electronics, Philips and Samsung SDI participated in both cartels, while Panasonic, Toshiba, MTPD (currently a Panasonic subsidiary) and Technicolor (formerly Thomson) participated only in the cartel for television tubes." The EU can do good things.
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RE: Comment by Kroc
by Doc Pain on Thu 6th Dec 2012 03:10 UTC in reply to "Comment by Kroc"
Doc Pain
Member since:
2006-10-08

Where's my rebate?


Your rebate? Whenever a company has to pay fines, they usually let their customers (i. e., you and me) pay the bill, and maybe adding them as "tax deductible" in their declaration. All kinds of "extra costs" are handed down through trading chains until they finally reach the consumer who cannot avoid paying them. In the end, some clever manager gets a bonus of "having successfully dealt with it".

Reply Parent Score: 5