Re:Johnson and Johnson Ordered to Pay $572M in Landmark Opio...
by dastx on Monday August 26, 2019 @06:08PM
(#20804274)
Last year they made over $81 billion in revenue and a net income of over $15 billion.
This is yet another case of "the cost of doing business" to them. Just over than 2% of their net income, which mind you, they can write that off in taxes if they pay any at all.
These fines are ridiculous. They need to be at a level that hurts the companies so they don't think twice before doing dumb shit.
I guess the lives of over 6000 deaths is worth just shy if $100 dollars per head.
Re:Johnson and Johnson Ordered to Pay $572M in Landmark Opio...
by saag4dinner on Monday August 26, 2019 @06:00PM
(#20804217)
Interesting--60 minutes last night featured a doctor in Florida prosecuted for essentially running a one-stop Opioid shop. They discussed responsibility and seemed like manufacturers tried to push that to mid-level distributors. (https://www.cbsnews.com/news/jailed-doctor-barry-schultz-int...)
How does HN feel about $572M--too low, high, or just right?
This is yet another case of "the cost of doing business" to them. Just over than 2% of their net income, which mind you, they can write that off in taxes if they pay any at all.
These fines are ridiculous. They need to be at a level that hurts the companies so they don't think twice before doing dumb shit.
I guess the lives of over 6000 deaths is worth just shy if $100 dollars per head.
How does HN feel about $572M--too low, high, or just right?