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Boeing Crash Fight Will Set Price on Victims' Minutes of Terror

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Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror

#11
post #10

You can always put a price on human lives, suffering etc. It's just not nice so we pretend that you can't and assume a posture of indignant outrage when anyone concedes that you can. But what else are you meant to do, really, in this situation, where the only possible compensation is financial?

You can set a price based on its effectiveness at deterring future misbehavior, clawing back ill gotten gains, and building prevention/mitigation.

Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror

#12
post #7

Earlier quoted context omitted.

> Now it is even more so considering that shareholders, who lost nothing of real value Your point is entirely correct, that people are more valuable than money. The notion that time isn't a real value, is absurd, however. There are very few things worth more than time. Your time is what your money represents under most circumstances. Your savings - millions of people own shares in Boeing, directly or indirectly - is…

I figure if you made the mistake of buying Boeing, that's on you. I don't see why shareholders should be compensated at all. If companies do other kinds of stupid things, and they lose market value, shareholders aren't compensated for that. Why should this be any different?

Because failing to present material information accurately to current and prospective shareholders is securities fraud. That’s the allegation—not that they did something stupid, but that they misrepresented their risk exposure.

I’m of the opinion that they should pay for that. Who better to receive the proceeds than those who lost money investing based on flawed disclosures?

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