I get how this is happening and is independent from other things going on in the world... But what is the deal with all these CEO's stepping down?
Confirmation bias? Better access to information?
Juul Labs CEO to Step Down
11–20 of 151 posts
Re: Juul Labs CEO to Step Down
#12Also, (forgive me if I get the jargon wrong here...) isn't the vaping health crisis the article mentions due to sketchy THC vaping solutions that have Vitamin E oil in them? Not Juul's nicotine stuff? I.e. because THC isn't water-soluble, it has to be suspended/dissolved in some oil-based thing. Lipids + lungs = BAD.
Vitamin E acetate and myclobutanil are the most likely culprits. Myclobutanil is a fungicide that cannabis growers use to prevent mildew. It also turns into cyanide when heated.
Speculation: State governments are leveraging the hysteria to slow a loss in excise tax revenue stemming from the decline in combustible cigarette use.
Re: Juul Labs CEO to Step Down
#13There is an emerging argument that vaping is less health damaging than smoking and it likely is, however, Nicotine addiction is key to the business model and that will not change.
That's not an emerging argument, that's been the argument from the start.
Re: Juul Labs CEO to Step Down
#14Also, (forgive me if I get the jargon wrong here...) isn't the vaping health crisis the article mentions due to sketchy THC vaping solutions that have Vitamin E oil in them? Not Juul's nicotine stuff? I.e. because THC isn't water-soluble, it has to be suspended/dissolved in some oil-based thing. Lipids + lungs = BAD.
Regulatory crackdown was probably spawned by the deaths caused by bad THC solvents. But while regulators peruse the industry they found that nicotine vapor companies like Juul had plenty of their own misdeeds.
Re: Juul Labs CEO to Step Down
#15To be succeeded by a former tobacco executive. The takeover of Juul by big tobacco is now complete, and they have someone with strong experience downplaying, denying and obfuscating to weather the storm.
Next up: regulatory capture. Vaping right now is super cheap because of all the options from different companies. So what's a multibillion dollar international conglomerate to do? Well, make the
little guys go away with onerous regulations, of course. It's the American Way™.
Re: Juul Labs CEO to Step Down
#16And he is being replaced by a former Marlboro employee. I am sure the public will feel so much safer knowing that the advertising will be handled by a Big Tobacco veteran moving forward.
Not just some employee, but "chief growth officer at the Marlboro maker"...
I originally had the word "executive," but realized that would be technically incorrect.
Re: Juul Labs CEO to Step Down
#17Also, (forgive me if I get the jargon wrong here...) isn't the vaping health crisis the article mentions due to sketchy THC vaping solutions that have Vitamin E oil in them? Not Juul's nicotine stuff? I.e. because THC isn't water-soluble, it has to be suspended/dissolved in some oil-based thing. Lipids + lungs = BAD.
There's two vaping crises.
One is THC vaping solutions that are killing people.
The second is that we're currently living through a meteoric rise in nicotine addiction among teenagers. For a very long time, teenage nicotine use was going down, due to declines in smoking rates. Smoking rates still continue to decline, but nicotine vaping rates have gone up and to the right. 1 in 4 high school students are now vaping nicotine. That number is growing by ~20% year over year.
This is a public health crisis.
Re: Juul Labs CEO to Step Down
#18I get how this is happening and is independent from other things going on in the world... But what is the deal with all these CEO's stepping down?
True randomness doesn't always look like random?
Re: Juul Labs CEO to Step Down
#19I get how this is happening and is independent from other things going on in the world... But what is the deal with all these CEO's stepping down?
Recession coming.
Re: Juul Labs CEO to Step Down
#20To be succeeded by a former tobacco executive. The takeover of Juul by big tobacco is now complete, and they have someone with strong experience downplaying, denying and obfuscating to weather the storm.
Next up: regulatory capture. Vaping right now is super cheap because of all the options from different companies. So what's a multibillion dollar international conglomerate to do? Well, make the little guys go away with onerous regulations, of course. It's the American Way™.
Making pure ingredients compliant with good manufacturing process is expensive. It has lots of redundancy and things on the outside we consider waste. But experience tells us all these measures are necessary to ensure we get what we expect to get when we buy products that can cause great harm if incorrect.