It’s not every day that you hear of a court ordering an individual to pay over a billion dollars in damages. I just heard of two separate cases.
Adam Guerbuez of Montreal was ordered to pay Facebook just over a billion dollars for sending spam messages.
Former Société Générale SA trader Jerome Kerviel was convicted of trading fraud and ordered to pay his former employer $US6.7 billion in damages.
It’s hard to understand the purpose of judgments that are so far beyond the means of these people. I suppose it sends some sort of message. Unfortunately, the message I hear is “we’re not very good at math.”