3 ms·
Lots of people here are focusing on the size of the deal, which is admittedly large. However, the terms are just as important.... FTA - "The proposed settlemen
by MR4D 4y ago
Lots of people here are focusing on the size of the deal, which is admittedly large. However, the terms are just as important....
FTA - "The proposed settlement would be paid out over 25 years"
Inflation alone will wipe a big chunk of that value. Evan at 3% inflation, they will save over 2.5 billion in real dollar terms.
- Etherlord87 4y agoI imagine the settlement considers inflation and corrects for inflation, unless the 8.9 B is already based on some prediction of future inflation.
- Narkov 4y agoThis makes sense to me and might just need some context. My grandfather died from mesothelioma - a dust based disease caused, in his case, by asbestos. As a 20/30 year old plumber, he was using asbestos products without any protection as it was assumed to be safe. Later in life, he developed mesothelioma which effectively causes your lungs to fail. These diseases develop over time so there are claims that are unknown at this point in time but will appear in the future. It makes sense for a fund to be set up to cover future claims.