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The settlement will be paid over a decade and 3M don't admit liability. Feels like another slap on the wrist for Corporate America. Mike Roman should at least b
by tjpnz 3y ago
The settlement will be paid over a decade and 3M don't admit liability. Feels like another slap on the wrist for Corporate America. Mike Roman should at least be serving prison time as a warning to others.
- NickC25 3y agoIt's not even a slap on the wrist. 3M will just past the costs of this onto end-users (consumers). Their board and C-Suite won't face and personal liability claims or pay a cent towards the settlement costs, nor will they ever see the inside of a jail cell. Corporations MUST admit liability if they actually are liable. I get that they could face a barrage of legitimate and fiscally damaging claims if they admit liability...but that's the name of the game. I'm tired of the "we're not technically liable" bullshit. You, the corporation, knowingly created a product that you know contained harmful chemicals, and didn't disclose it. Now that it's been proven that 1. you knew they were harmful, and 2. you sold it anyway, you give up all claims to limited liability. It's just mind-bogglingly dumb to claim that you're not liable. Of course you are. I run a small business that serves an edible product. If a consumer gets sick and my product is 100% provably the culprit, I don't get to say "we're not liable" in court and dictate the terms of the settlement. If the settlement is too high, I'm out of business and ethically speaking, I'm still on the hook for damages. Why do corporations not get the same treatment?