3 ms·

I feel your frustration. The people responsible should be punished - millions of lives are f-ed up in some way now. However, the market has financially punishe

I feel your frustration. The people responsible should be punished - millions of lives are f-ed up in some way now. However, the market has financially punished this company heavily. Look at their recent profit (/massive loss) graph: valustox.com/MMM I think this is due to money being set aside for this fine. But their stock isn't exactly booming either - probably also due to this. EDIT: Looks like they made just under $2B in profit per quarter, and now a $7B loss in one quarter. They have quite a lot of debt, so this isn't the easiest blow to absorb, but they should be able to afford this without going under.

skyyler 3y ago
>However, the market has financially punished this company heavily. If I caused even three people to become deaf through gross negligence, I'd expect to see jailtime. Lost profit isn't a punishment to the execs that OK'd this shit, they still have jobs; very lucrative jobs, even.
- sokoloff 3y ago
  In the US, as long as you did it with a vehicle that you knew did not meet road safety standards and were sober at the time, I think you'd be in for a modest civil penalty (maybe even entirely covered by insurance) and no jail time.
- FredPret 3y ago
  Lost profit punishes 3M. Those employees directly responsible for this should be punished as well.
wahnfrieden 3y ago
[flagged]
- FredPret 3y ago
  No! But it doesn’t hurt in addition to the actual punishment. I guess the MMM entity should be punished (done as per the market and the lawsuit) and the employees in charge as well, to the extent they were responsible (perhaps not done yet - I’m not sure)
ihsw 3y ago
[dead]
pc86 3y ago
> millions of lives are f-ed up in some way now It's only 300,000 lawsuits, and 85% have normal hearing. So it's more like 45,000. Still 45,000 too many, but certainly not "millions" by any stretch.

3 ms·

I feel your frustration. The people responsible should be punished - millions of lives are f-ed up in some way now. However, the market has financially punishe

by FredPret 3y ago

skyyler 3y ago
>However, the market has financially punished this company heavily. If I caused even three people to become deaf through gross negligence, I'd expect to see jailtime. Lost profit isn't a punishment to the execs that OK'd this shit, they still have jobs; very lucrative jobs, even.
- sokoloff 3y ago
  In the US, as long as you did it with a vehicle that you knew did not meet road safety standards and were sober at the time, I think you'd be in for a modest civil penalty (maybe even entirely covered by insurance) and no jail time.
- FredPret 3y ago
  Lost profit punishes 3M. Those employees directly responsible for this should be punished as well.
wahnfrieden 3y ago
[flagged]
- FredPret 3y ago
  No! But it doesn’t hurt in addition to the actual punishment. I guess the MMM entity should be punished (done as per the market and the lawsuit) and the employees in charge as well, to the extent they were responsible (perhaps not done yet - I’m not sure)
ihsw 3y ago
[dead]
pc86 3y ago
> millions of lives are f-ed up in some way now It's only 300,000 lawsuits, and 85% have normal hearing. So it's more like 45,000. Still 45,000 too many, but certainly not "millions" by any stretch.