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What is the point of this URL exactly ? The company's damage starts in the 1960's and wast most actively protected by states, in the 80s. Your link barely cove
by IG_Semmelweiss 3y ago
What is the point of this URL exactly ?
The company's damage starts in the 1960's and wast most actively protected by states, in the 80s. Your link barely covers only to 2012.
- 29athrowaway 3y agoThe point of this URL: - They lobby the government - Their lobbyists go to work to the government, and then go back to work to the company and so on The government won't touch them.
- gruez 3y ago>The government won't touch them. That's clearly not true, as evidenced by this settlement.
- abenga 3y agoThere are some actions (e.g. killing people, poisoning entire communities, getting thousands addicted to drugs, etc) that if perpetrated by an individual, society generally either puts the perpetrator's lives on pause for decades by imprisonment, or actually ends them altogether. Yet companies do the same things and are fined a few months' worth of revenue (and the shareholders who received profits due to the crimes keep them anyway) due to limited liability.
- techwizrd 3y agoSettling for almost twice their net annual income (and similarly large lawsuits against Dupont's subsidiaries) does not strike me as the government not touching them. This is certainly a better result than the Purdue opioid lawsuit where the Sackler family received immunity and in exchange for a $6B settlement.
- r00fus 3y agoThe real damage is going to be so much more to the US and world populace. 3M (along with Dupont) should get the corporate death penalty and their boards/C-levels should never be allowed to work or advise in industry again. That's the bare minimum we should set. China/USSR had a more severe consequence for officers of the company that isn't likely feasible here in the US but is probably the real deterrent to this behavior in future criminal endeavors.
- NickC25 3y ago>That's the bare minimum we should set. China/USSR had a more severe consequence for officers of the company that isn't likely feasible here in the US but is probably the real deterrent to this behavior in future criminal endeavors. Completely agree. In China, it's pretty straightforward - you become the nail that sticks out. If you fuck with the population at large and make people sick, or you rob them blind, etc... it doesn't matter if you have or you haven't given The Party their cut of the action - your C-Suite will all disappear. A few will be lucky enough to be re-educated. Whereas in America if you beat the regulators or catch them sleeping on the job, you'll have one side of the political aisle cheering you on no matter how many people you kill.
- WalterBright 3y ago> This is certainly a better result than the Purdue opioid lawsuit where the Sackler family received immunity and in exchange for a $6B settlement. Nothing of note was accomplished. People just switched to fentanyl.
- IG_Semmelweiss 3y agoSorry. Who is "they" or "them" ?
- 29athrowaway 3y agoCorporation board members, top stockholders and lobbyists.