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FTC Pursues Rambus Appeal To Supreme Court
pheede writes "SCOTUSblog brings us news that the FTC has appealed the recent circuit court decision regarding Rambus's deceptive conduct on the JEDEC standards committee, where they conveniently avoided telling anyone that they owned patents on the resulting standards. The FTC, which is proceeding on its own without help from the Justice Department, notes the circuit court's 'sweeping rules that would immunize' deceptive conduct by would-be monopolists 'in most circumstances.'"
Corporations will generally screw over any person or entity, government or otherwise, to make a profit and protect any revenue stream. There is a strong case that deregulation would only fuel things like the financial crisis in the USA at the moment.
First fix the mindset of corporate CEO's who care not for the people working in the company who are not directly related or the end customer. They seem to exist to screw companies over and run with large payouts when all the problems that get swept under the carpet eventually emerge.
More government regulation could be beneficial here to check that corporations are really as valuable at any point of time as their own balance sheets say they are.