5 ms·

How is the business getting off easy in this scenario. It's dissolving. What else can we do to it?

freetanga 3y ago
Send execs and board who looked the other way or were negligent to jail? Impede them from similar roles for life? It is a reality in some licensed industries (eg banking)in Europe
- bigfudge 3y ago
  Not really. Very few people ever go to prison or a censured in this way.
notimetorelax 3y ago
The business limited its exposure through the spinoff. J&J as an entity may need to seize to exist to pay back for the damages.
- sokoloff 3y ago
  Minor tip: “cease to exist” is the phrase you almost surely intended.
  - WarOnPrivacy 3y ago
    True but given the context of J&J's SLAPP suit the verbatim has potential.
c0nducktr 3y ago
What? J&J isn't dissolving.
FireBeyond 3y ago
J&J isn't dissolving. It's still throwing off a billion dollars a month in shareholder dividends, freed from the shackles of any liability.
- hkt 3y ago
  [flagged]
  - scarface_74 3y ago
    [flagged]
    - eropple 3y ago
      "Hmm, you raise systemic concerns yet you use the system because you live in a society enmeshed in it" is not a winning argument.
      - scarface_74 3y ago
        Well, they could always commit their time and a large portion of their resources to a non profit. I bet you dollars to donuts that they work in tech and not for a non profit.
        eropple 3y ago
        "Well they could do things to harm themselves [because we treat non-profit employees like they implicitly have a wealthy spouse or should live in a shoebox]" is also not helping the argument very much. One does not need to be a Stylite to have an opinion on society; comparing the actions of individuals, without significant power or influence, with corporate-fiction persons that come equipped with lobbying arms and sufficiently dispersed decision-making power that nasty shit comes out of them regularly, is not and never persuasive.
        scarface_74 3y ago
        It’s called having the courage of your convictions. Plenty of people live off of non profit salaries without having a wealthy spouse or even do public sector work.

Send execs and board who looked the other way or were negligent to jail? Impede them from similar roles for life? It is a reality in some licensed industries (eg banking)in Europe

bigfudge 3y ago
Not really. Very few people ever go to prison or a censured in this way.

notimetorelax 3y ago

The business limited its exposure through the spinoff. J&J as an entity may need to seize to exist to pay back for the damages.

sokoloff 3y ago
Minor tip: “cease to exist” is the phrase you almost surely intended.
- WarOnPrivacy 3y ago
  True but given the context of J&J's SLAPP suit the verbatim has potential.

c0nducktr 3y ago

What? J&J isn't dissolving.

FireBeyond 3y ago

J&J isn't dissolving. It's still throwing off a billion dollars a month in shareholder dividends, freed from the shackles of any liability.

hkt 3y ago
[flagged]
- scarface_74 3y ago
  [flagged]
  - eropple 3y ago
    "Hmm, you raise systemic concerns yet you use the system because you live in a society enmeshed in it" is not a winning argument.
    - scarface_74 3y ago
      Well, they could always commit their time and a large portion of their resources to a non profit. I bet you dollars to donuts that they work in tech and not for a non profit.
      - eropple 3y ago
        "Well they could do things to harm themselves [because we treat non-profit employees like they implicitly have a wealthy spouse or should live in a shoebox]" is also not helping the argument very much. One does not need to be a Stylite to have an opinion on society; comparing the actions of individuals, without significant power or influence, with corporate-fiction persons that come equipped with lobbying arms and sufficiently dispersed decision-making power that nasty shit comes out of them regularly, is not and never persuasive.
        scarface_74 3y ago
        It’s called having the courage of your convictions. Plenty of people live off of non profit salaries without having a wealthy spouse or even do public sector work.