The LCD industry was rocked by a scandal in late 2008 when executives from some of the largest panel makers in the world pled guilty to conspiring to fix prices. The price fixing led to inflated costs for displays used by firms like Dell in its notebook computers.
In November of 2008, executives from Sharp, LG, and Chunghwa Picture Tubes all pled guilty to price fixing. The largest fine imposed was placed on LG and totaled $400 million with Sharp said to be paying $85 million in fines.
Today reports are coming in that in addition to the fines levied against the corporations; the executives that participated in the scheme are being individually fined and sentenced to prison time here in America.
DigitalTrends reports that the former Chairman and CEO of Chunghwa, Chieng-Hon Lin was hit with an individual fine of $50,000 and a sentence of 9-months in an American prison. The other executives involved in the scandal received prison terms ranging from six to nine months each.
Deborah A. Garza, Acting Assistant Attorney General for Antitrust, said in a statement, "These cases involve the first Taiwanese nationals to face imprisonment in the United States for an antitrust offense. The Department of Justice is committed to holding accountable all conspirators who harm American consumers, no matter where they live or where they commit the crime."
quote: The Department of Justice is committed to holding accountable all conspirators who harm American consumers, no matter where they live or where they commit the crime."
quote: So when are they going to go after the cable TV companies
quote: Gasoline going from $4/gal to $1.50/gal solely based on supply and demand is pure bullsch1dt.
quote: At the time of $4 barrel it did not cost the Oil companies any more or any less to produce.
quote: So where did the money go?
quote: They money went to the oil producing nations.
quote: Whats happening now is the market is readjusting to where it should be based on supply and demand
quote: No it's not. The huge drop was due to an artificial supply problem brought on by the speculators.
quote: Not all of it. And please don't blame it on off-line refineries. That gig is so lame.
quote: Laser Monitor or OLED Monitor is the way to go!
quote: because keeping someone in jail doesn't cost money
quote: of course we could just put them all on death row
quote: Drug users, for instance. Most accept that imprisoning people makes them more likely to go on to commit serious crimes - they get indoctrinated into the criminal world while in prison.
quote: And, as an aside, I'd rather see Bush in jail than pay him $191,300/year plus travel pay for the rest of his life.
quote: war crimes (torture)
quote: criminal neglect. But don't worry, it's not going to happen.
quote: Also, drug users, when addicted, tend to move up the ladder to worse drugs. This leads to theft, burglary, murder, etc - anything to get money to pay for their fix.
quote: And, as an aside, I'd rather see Bush in jail than pay him $191,300/year plus travel pay for the rest of his life.Thats funny - because I say the same thing about Nancy Pelosi, Harry Reid, etc. But thats all personal preference.
quote: If there was a crime, he'd have been prosecuted long ago.
quote: Besides, we all know providing a free default browser is way worst than price fixing.