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> These people are insane. No, not really. An earnings call for an enterprise that large is worth many human lives (at the standard rate of about $2 million,
by wtbob 10y ago
> These people are insane.
No, not really. An earnings call for an enterprise that large is worth many human lives (at the standard rate of about $2 million, which is itself derived from both people's own insurance choices as well as court-case awards); part of what someone at that level is paid to do is to put her company (and the well-being of the millions of people with a stake in it) above herself, and Mrs. Porat did that.
- lfam 10y ago$2 million (or whatever number) may be the standard rate used to compensate others for a lost life, but does anyone willingly sell their life for $2 million? I think there is a difference between how we try to compensate for the loss of something irreplaceable (a life) or disincentive negligence, and the price of something bought and sold.
- sa46 10y agoIsn't life insurance fraud by suicide selling your life for a chance at money, usually much less than $2 million?
- jonathankoren 10y agoObviously not, because you're not dead.
- mvid 10y agoLife insurance fraud of killing yourself and making it look like it wasn't a suicide in order for your beneficiaries to get the payout. You would very much be dead.
- majewsky 10y agoOkay, let me assume that this is even a thing (I don't know, but you seem to). There are still two fallacies in trying to equate the lost life against the payout: 1. The person committing the suicide and thus the fraud would not be weighing his life against the money, he would be considering the well-being of his beneficiaries instead, and deciding that their well-being is worth more than his life. 2. He cannot reasonably control the payout of the life insurance. Anything beyond a certain mark (maybe 2 million $) would raise a lot of eyebrows in the insurance company.
- deleted 10y ago[deleted]
- vvanders 10y agoThe fact that you're trying to equate the cost of a human life with an earnings call shows that you've missed the point entirely.
- whyenot 10y agoThe minimum prison sentence for manslaughter in the first degree in New York is 10 years, not a $2 million dollar fine. [My point being that there are some problems with equating lives to money.]
- jonathankoren 10y ago> An earnings call for an enterprise that large is worth many human lives I wish I could read this without thinking of human sacrifice on a scale unseen since pre-Columbian meso-America. Even by your logic this is insane. She's paid more than 2,000,000 a year, and therefore should not be sacrificing herself from a pure economics standpoint.