Bad the Purdue family.gets out without a scratch
What the fuck
These fuckers murdered millions. Yes, murdered, because they knew from the start what would happen and did it anyway
So much death, so much suffering, and these fuckers became billionaires because of it and apparently humanity says that’s fine
Fuck this timeline, canwe just, you know, have a giant meteor just hit earth already?
I’m tired, so tired, of having to read this shit every day. Being evil pays off, being good gets you jailed if you’re lucky
Pierce the corporate veil dammit
Purdue reached a deal with the Justice Department in 2020 to resolve criminal and civil probes the company was facing. …
Under the Purdue deal, members of the Sackler family will be shielded from lawsuits over opioids from those who agree to the payments. …
Members of the Sackler family also have agreed not to object if their names are taken off museums and other institutions they’ve supported.
At this point, who out there can believe anything except that billionaires are above the law? The Sacklers have agreed not to object if their names are taken off of museums? Really?
Every single one of them should be in jail for the rest of their lives in addition to every other monetary remedy that’s being thrown around. Instead, they’ll live in mansions and be set for life, while only having to part with some part of their generational wealth that can be directly traced back to their human casualties.
It may prevent them from clawing back donations.
Outside of that I agree that we need more aggressive punishments for this sort of thing.
If the punishment for a crime is a fine it’s not a punishment for the rich. It’s just the cost of doing business.
The company is disappearing as a result of this, this is not “the cost of doing business”. It’s the corporate death penalty.
Also:
The settlement, which Purdue says could take effect as soon as Friday, calls for members of the Sackler family who own the company to contribute up to $7 billion over 15 years.
That is an eye watering sum of money.
My 3-second search on the Sackler net worth puts them at $11 billion. It could be high or low. I don’t care. Now here’s the fun part. Put that $11 billion into an investment calculator with a 6% interested compounded annually for 15 years, and the result is…$26.3 billion. Take away that eye watering $7 billion they may finally have to pay and the poor, bereft Sacklers will have to figure out how they’re going to get by on only $19 billion instead of the $11 billion they have today.
And before you say, “Oh, how will the poor Sacklers survive if all their money is invested?” Well, if they only invested the $7 billion for those 15 years with the same values as above, it would give them a meager return of nearly $17 billion instead, leaving them with a mere $10 billion more to figure out how to get by on, plus whatever is left from theire $4 billion of spending money for those last 15 years.
How is this anything but a simple cost of doing business? And how is this anything but making the penalty for making billions on the lives and health of millions of people as painless as possible for the Sacklers?
This leaves poor David with only $5B. Is he ok? Did somebody check on him? Should we start a crowd fund?
And still not the hangman’s noose.
Which is what the Sacklers deserve, not to ride off into the sunset on a pile of money.
“Corporate death penalty” is not that much of a punishment. Humans committed crimes, but will essentially only have their income reduced.
How about some sentencing for the people who made the decisions? They willingly did things knowing they would endanger, ruin and end lives.
If you endanger a life or cause someone to he killed, there’s specific crimes you’d get tried for.
I agree that jail time would be good to see, but with an organisation like this, it’s often hard to pin something on any one individual.
Everyone who held a title from the SVP level and up, plus all the owners and board of directors from the moment Oxy was put on the market. These are people who could have stopped the problem, but each are complicit in making it worse for piles of money.
Also, each and every doctor who took a “commission” for prescribing Oxy.
Are you purposefully not quoting the most enraging part?
Early in Tuesday’s hearing, Arleo asked lawyers why Sackler family members were being allowed to pay over 15 years. She was told it was because they had to sell other businesses to secure the cash. The judge offered a different reason. “They’d rather pay it from future money than pay it now,” she said.
It literally is the cost of doing business.
Hard to get money from an entity that no longer exists.
Force the entire c suite to take heavy doses of their drug, then abruptly cut them off. Good luck jerk bags.
‘Entities’ (companies, cities, or even countries) getting punished instead of the fuckers that actually do (and get the profits from) the fuckery must be one of the biggest scams the owning class has ever pulled off.
Fuck that. Everybody in a decision making capacity at that company should have their assets seized to restitute the victims. This way, the company is all they lose i.e no more job, but all the money they made from it, all the assets they could acquire, the wealth they could acquire, stays. Nobody’s going to have a bad sleep over this.
Remember children the difference between a drug dealer and a CEO is skin color.
And even more than that, wealth.
I say it’s the other way around. Your skin color “usually” is a prerequisite to success in today’s world. Yes there are outliers. But those are usually seen as dictators or warlords. And not CEO of industry using nonstate sanctioned violence to achieve their goals. White CEO’s have the police and US military to do their violence.
Impressive that in corporate USA this is even a possible outcome, but the decision makers aren’t going to pay anything. This is all corporate money going to the government, none of their personal assets will be touched. This is a taste of justice. It isn’t justice.
I’m surprised CEOs in the US can sleep safely with all the injustice they are doing.
How many of them are going to land cabinet positions
