Quote:
Originally Posted by kutulu
History shows that corporations will not spend extra money to ensure the safety of their employees unless they are forced to. Even now, there are companies that do a cost-benefit analysis of potential liabilities before they decide to do a recall. If the analysis says that it's cheaper to face potential lawsuits and pay out damages to injured people or their family (if the person is killed) instead of doing the right thing and get the product off the shelves, they keep it out there.
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I so disagree about paying out damages to injured people. I know a product liability lawyer for a maker of motors that goes in everything from ceiling fans, to table saws, to drills. They do recalls ( not often because they take steps to make sure a product is safe before they release it). You only hear about the PROBLEMS and injuries, never about the recall information.
Also You'd be suprised how many lawsuits are a total joke- he quoted that Louisville Ladder has 30% of the price you pay for their ladders is for litigation and product liability. 30% of that cost is to defend the ladder makers...
But that isnt really the issue....