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Yeah if you read the article what you see is companies saving $7000 to avoid installing safety devices that ended up causing injuries that costed them multi-mil
by jz87 10y ago
Yeah if you read the article what you see is companies saving $7000 to avoid installing safety devices that ended up causing injuries that costed them multi-million dollar payouts in lawsuits.
The thing is, the incentives to the executives making these decisions is skewed. If they avoid investing in safety equipment, they make their bonuses, which can add up as long as nothing too bad happens. Yet if there is a serious injury costing the company millions, the worst thing that can happen is they lose their jobs. For senior executives, the bonuses can be larger than their base salaries, so the upside is larger than the downside.