A new car built by my company leaves somewhere traveling at 60 mph. The rear differential locks up. The car crashes and burns with everyone trapped inside. Now, should we initiate a recall? Take the number of vehicles in the field, A, multiply by the probable rate of failure, B, multiply by the average out-of-court settlement, C. A times B times C equals X. If X is less than the cost of a recall, we don’t do one.
Honestly there shouldn’t even be a difference in our of court settlements.
A single death should pay out enough to be more expensive than a full recall. Even if the government gets the difference in fees as punishment for negligence.
A new car built by my company leaves somewhere traveling at 60 mph. The rear differential locks up. The car crashes and burns with everyone trapped inside. Now, should we initiate a recall? Take the number of vehicles in the field, A, multiply by the probable rate of failure, B, multiply by the average out-of-court settlement, C. A times B times C equals X. If X is less than the cost of a recall, we don’t do one.
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Honestly there shouldn’t even be a difference in our of court settlements.
A single death should pay out enough to be more expensive than a full recall. Even if the government gets the difference in fees as punishment for negligence.
Hey, I watched this movie too!