4 ms·
They did get off easy. This is about 3% of J&J's annual profit. I guarantee you they are ordering hookers, blow, and cases of Dom Pérignon in the J&J boardroom
by Bud 7y ago
They did get off easy. This is about 3% of J&J's annual profit. I guarantee you they are ordering hookers, blow, and cases of Dom Pérignon in the J&J boardroom after this.
- robocat 7y ago> This is about 3% of J&J's annual profit What % of profits made by J&J in Oklahoma? Presumably the risk is that other states could decide that this could be a good way to get income too?
- adrianmonk 7y agoIt's also only for cases in Oklahoma. Oklahoma has under 4 million people, and the US has over 300 million, so it's about 1.2% of the US population. If you extrapolate and assume similar settlements in 49 other states, that would come out to 250% of their annual profits. Which may not happen, but the point is that 3% should be viewed in some kind of perspective.
- refurb 7y agoOpioids are a very small proportion of J&J’s sales. I wouldn’t calculate it based on their entire portfolio of cancer drugs.