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
#2This whole situation was already depressing.
Now it is even more so considering that shareholders, who lost nothing of real value, are likely to receive to largest compensation.
"Hey your kid dying might make you feel sad, but look what happened to my balance sheet! I'm the biggest victim here!"
If you insist on putting a monetary value on human life, at least make sure you got your numbers in order.
Here's hoping some of those shareholders take that money and give it somewhere where it does good. Personally I couldn't keep it and live with myself.
Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror
#3Straight line calculation(not what will really happen) shows $2.89MM per family. Not out of line with US-valued wrongful death losses. Given that many individuals are outside the US, this is probably a good place to be. Of course its no replacement for a lost one.
Headline is clickbait though. It's only one involved component.
Yes, investors also are owed something. This is similar to VW emissions cheating.
Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror
#4Price of settlement should be proportional to median income in the country. Some lives are just less valuable than others. For example, in Ethiopia the settlement should be 2% of the US one.
An for those flagging and downvoting: I hate you and most of the third world is eagerly awaiting your 20 trillion default.
Dang, find my IP and ban me for good!
Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror
#5This whole situation was already depressing. Now it is even more so considering that shareholders, who lost nothing of real value, are likely to receive to largest compensation. "Hey your kid dying might make you feel sad, but look what happened to my balance sheet! I'm the biggest victim here!" If you insist on putting a monetary value on human life, at least make sure you got your numbers in order. Here's hoping so…
> 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 your productive time frozen for later use, when you're not as able to work (or simply want to retire regardless). It represents potentially years of your life. Years away from your loved ones; years of physically or mentally taxing labor; years of stress; and so on.
Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror
#6This whole situation was already depressing. Now it is even more so considering that shareholders, who lost nothing of real value, are likely to receive to largest compensation. "Hey your kid dying might make you feel sad, but look what happened to my balance sheet! I'm the biggest victim here!" If you insist on putting a monetary value on human life, at least make sure you got your numbers in order. Here's hoping so…
Shareholders lost money, which is definitely of value. Passengers lost their lives. Both of these things are true, and both of them are losses, even though one of those things is worse than the other.
> "Hey your kid dying might make you feel sad, but look what happened to my balance sheet! I'm the biggest victim here!"
No shareholder has said that, and I don't see anybody claiming that the shareholders are the biggest victims.
Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror
#7This whole situation was already depressing. Now it is even more so considering that shareholders, who lost nothing of real value, are likely to receive to largest compensation. "Hey your kid dying might make you feel sad, but look what happened to my balance sheet! I'm the biggest victim here!" If you insist on putting a monetary value on human life, at least make sure you got your numbers in order. Here's hoping so…
> 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?
Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror
#8From the article: " such claims are no guarantee of a windfall for victims’ families". Windfall? what a terrible way to frame it as winning the lottery.
Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror
#9This whole situation was already depressing. Now it is even more so considering that shareholders, who lost nothing of real value, are likely to receive to largest compensation. "Hey your kid dying might make you feel sad, but look what happened to my balance sheet! I'm the biggest victim here!" If you insist on putting a monetary value on human life, at least make sure you got your numbers in order. Here's hoping so…
Shareholders lost money, which is definitely of value. Passengers lost their lives. Both of these things are true, and both of them are losses, even though one of those things is worse than the other. > "Hey your kid dying might make you feel sad, but look what happened to my balance sheet! I'm the biggest victim here!" No shareholder has said that, and I don't see anybody claiming that the shareholders are the bigge…
> No shareholder has said that
Which is... rather the point? Nobody would ever say that, so nobody should reasonably expect a larger compensation than the aggrieved families either.
I already get a migraine whenever I hear of monetary compensation for the loss of a human life, but this time it's just that much more twisted. Quoting myself here:
> If you insist on putting a monetary value on human life, at least make sure you got your numbers in order.
The answer to whether we should put a price tag on a human life is: We should not, but we have to. So let's at least get it right.
Re: Boeing Crash Fight Will Set Price on Victims' Minutes of Terror
#10You 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?