a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by kleinbl00
kleinbl00  ·  2880 days ago  ·  link  ·    ·  parent  ·  post: OxyContin goes global — “We’re only just getting started”

Hey, Vioxx killed half a million people.

That cost Merck about five billion dollars.

At 200,000 deaths, Purdue owes about $2b. Purdue makes about $3b a year. They've made about $35b so far.

The Sacklers could write a personal check and still have $12b.





thundara  ·  2880 days ago  ·  link  ·  

They've already paid out half a billion, so Jan 1st - March 12th.

kleinbl00  ·  2880 days ago  ·  link  ·  

These are the sorts of calculations that make one drink.

ButterflyEffect  ·  2880 days ago  ·  link  ·  

...$10,000 per death?

If I'm a financial analyst in that company...

kleinbl00  ·  2879 days ago  ·  link  ·  

...you'd point out that you could kill another three million people and still be in the black.

ButterflyEffect  ·  2879 days ago  ·  link  ·  

So, the question is should we expect companies to be ethical and moral or should regulations force them to do so? Because clearly neither are happening in this case.

OftenBen  ·  2879 days ago  ·  link  ·  

There must be financial incentives to save lives.

If saving lives becomes valuable in a dollars and cents sort of way, it will be something that CEOs will try to optimize.

kleinbl00  ·  2879 days ago  ·  link  ·  

Have you seen The Corporation? They make the point that a company must necessarily be a sociopathic apex predator in order to maximize shareholder value and only through adjusting its ecosystem to internalize the externalities will we ever be more than chum in a bucket.