51–60 of 94 posts
The legal discovery process is an interesting one here - we are seeing documents almost 50 years old here, paper records of what, prima facie is damning behaviour. But who keeps records for fifty years any more? My BigCo Employers delete my mails after a quarter usually. The idea of my emails being dragged up in 20 years is crazy Edit: I meant to say that new practises like deleting emails are likely to ensure that c…
We shouldn't be surprised that this sort of thing happens from time to time. What are the incentives? If you're an exec in charge of some product, you want to sell the product. You don't want to be pulling it, you'll never get promoted like that. And you know more about how to move product than about asbestos testing results, that's for sure. And chances are nothing will be discovered. And if it is discovered it will…
I think it's very important to keep your frame. With passive investors who simply are not privy to any of the decisions and middle management who are often powerless, our question should be how we make executives responsible for the actions they oversee. Especially when those actions are discovered to be harmful years after they have left.
Perhaps one option is that all executive stock options and compensation over a particular amount should be held in trust, distributed only incrementally, so that their "privatization of profits" can be recovered in the case of material damages done by the company while it is under their direction & control.
The other thing we could do is give standing to middle management so they can sue executives from this trust if they can show executives were negligent. Incentivize middle management to have a financial stake in preventing unsafe behavior.
When I read about something like that, I’d like to hear more than “traces of”. I’d like to see concentrations and levels of concentrations from which it is considered toxic. Products can even have traces of radioactive material while being harmless.
Did you read the article? They explain that "traces of" was actually as high as 3% in some samples. The bulk of the article explains the tests performed over time including the results of concentration. Not sure what your complaint is, they even link to the original test result documents.
We shouldn't be surprised that this sort of thing happens from time to time. What are the incentives? If you're an exec in charge of some product, you want to sell the product. You don't want to be pulling it, you'll never get promoted like that. And you know more about how to move product than about asbestos testing results, that's for sure. And chances are nothing will be discovered. And if it is discovered it will…
> Not saying I have an answer The answer must involve making the risks outweigh the benefits, through both an increased probability of being caught and a higher level of punishment.
(Both of which, sadly, seem to have become partisan issues in the modern world...)
We shouldn't be surprised that this sort of thing happens from time to time. What are the incentives? If you're an exec in charge of some product, you want to sell the product. You don't want to be pulling it, you'll never get promoted like that. And you know more about how to move product than about asbestos testing results, that's for sure. And chances are nothing will be discovered. And if it is discovered it will…
> you want to sell the product but if it has a carcinogen in it? do you really still want to? i fail to understand how humans can behave like this.
The only one who should know it all - says to himself oh, i do not want to know all the details.
Splitting responsibility works very well. You could nuke the planet, as long as you split responsibility.
We shouldn't be surprised that this sort of thing happens from time to time. What are the incentives? If you're an exec in charge of some product, you want to sell the product. You don't want to be pulling it, you'll never get promoted like that. And you know more about how to move product than about asbestos testing results, that's for sure. And chances are nothing will be discovered. And if it is discovered it will…
If people started tossing J&J baby powder at J&J executives would that be assault with a deadly weapon?