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Have you seen the movie, if I remember the scene correctly Norton discusses the financial incentives leading to auto product recalls. I don’t think this is acc
by mirntyfirty 4y ago
Have you seen the movie, if I remember the scene correctly Norton discusses the financial incentives leading to auto product recalls. I don’t think this is accurate in real life although Boeing hasn’t inspired much confidence.
- Forgeties79 4y ago>I don’t think this is accurate in real life Ehhhh I mean they often don’t say the quiet part out loud but many companies definitely run a variation of the equation he describes.
- yissp 4y agoThe "Pinto Memo" [1] being a notable example. Although, as the article says, the cost / benefit analysis was against "societal costs" of the safety issues, not just the cost of litigation. [1] https://en.wikipedia.org/wiki/Ford_Pinto#Cost%E2%80%93benefit_analysis,_the_Pinto_Memo https://en.wikipedia.org/wiki/Ford_Pinto#Cost%E2%80%93benefi...
- Forgeties79 4y agoYeah, very good example and explanation