The family of Mae Moore, a California resident who died at age 88 in 2021, sued the company the same year, claiming J&J’s talc baby powder products contained asbestos fibers that caused her rare cancer. The jury late on Monday ordered J&J to pay $16 million in compensatory damages and $950 million in punitive damages, according to court filings.
Lets see, between its introduction in 1892 to its discontinuation in 2019 we can safely derive a global sales average of $273 million per year (accounted for inflation).
2019-1892 = 127 years * $273 = $34.67 Billion.
$966m penalty equates to a 3% deficit to its overall worldwide sales over the lifetime of the product. IE: Nothing.
If you kill a board of directors and chief officers is it only one count of murder since a corporation is a person?
I think you mean 3%…but still, nothing.
I had assumed that people would figure that the 0.03 was part of 1.00 and not 100 but yeah, my bad. changed.