[kevinventullo]

In your heart of hearts, do you really believe that J&J wants to make things right and pay these claimants what they’re owed, or do you think J&J is trying to minimize what they pay out by any means necessary? Note that J&J shareholders likely interpret the latter as their fiduciary duty.

[themitigating]

Here's the problem. Who?

The CEO and eveyone near him is rich, they company going out of business won't affect them. I'm sure they'll be able to get high paying jobs. In fact the negative association with this case would have me wanting to move on

[kevinventullo]

A large portion of the CEO’s wealth is almost certainly tied up in company equity, and this is true for the shareholders by definition. Anyway, it’s not about teaching them anything, it’s about influencing the risk/reward calculus of other companies that are considering skipping steps and releasing unsafe products.

[themitigating]

I disagree about influencing the risk reward calculation because the punishment is supposed to be a deterrent.

If it's just a fine then the money is like fee to do something and remember that it's not always caught.

Imagine if the punishment for murder was $1 million dollars and only if I'm caught.

[kevinventullo]

If the fine is so large it bankrupts the company, I feel optimistic about its effectiveness as a deterrent.

[scotty79]

Owners. Behind all of the corporate management theatre are always some owners that will squeeze everyone in any way possible to protect their money.

[Hikikomori]

Like pension funds?

[kevinventullo]

Good point, we should never hold public companies accountable for anything because it will hurt grandpa’s pension. Think of all those poor retirees! We’re not monsters.

[themitigating]

As an investor in a company, even if it's a fund, you are part of the risk. If something fails and the pension fund is wiped out that's what happens