May 7, 2019
The Federal Trade Commission is haggling over whether to hold Facebook CEO Mark Zuckerberg personally responsible for mishandling the privacy data of millions of users, reported The New York Times, citing anonymous sources.
The FTC, which is made up of three Republicans and two Democrats, appears split on a proposal that would hold the billionaire personally responsible for mishandling privacy data and violating a 2011 agreement. The proposal would also likely slap a historic, multi-billion fine against the company.
Joseph Simons, the commission’s Republican chairman, appeared to have the votes of the other two Republican commissioners, TheNYT reported Saturday, citing two sources who commented on the condition of anonymity. He said the Silicon Valley giant must pay a severe fine, yet Simons is hesitant to hold Zuckerberg personally responsible.
“When you get to a position when threatening to name individuals and make them personally liable, companies are less likely to settle and you end up having to litigate a lot more than you would otherwise,” Simons said Thursday at a privacy conference in Washington, D.C. “You have to think are you getting sufficient relief for consumers without having to name these people as a sufficient deterrent.”
Other Republicans on Capitol Hill made similar comments.
“It’s one thing if Facebook were an entity that itself couldn’t be held liable,” Republican Sen. Mike Lee of Utah told TheNYT.”To hold a C.E.O. liable is extraordinary and not needed here.”
This article was posted: Tuesday, May 7, 2019 at 4:17 am