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Re: Is £2m pounds enough for 31 lives?
I'd thought i'd wade in. Jezza Clarkson put it best. When you fine companies, it has a negative effect in the long run. Fines like this DO hurt copmpanies, and they have to respond by cutting even more costs and putting up prices to try and stay afloat. This means everytime you fine a company the situation gets worse.
He said a better punishment would be to make the board members walk through Central London naked during the day so everyone can point and laugh at their tackle
Re: Is £2m pounds enough for 31 lives?
Quote:
Originally Posted by punky
I'd thought i'd wade in. Jezza Clarkson put it best. When you fine companies, it has a negative effect in the long run. Fines like this DO hurt copmpanies, and they have to respond by cutting even more costs and putting up prices to try and stay afloat. This means everytime you fine a company the situation gets worse.
He said a better punishment would be to make the board members walk through Central London naked during the day so everyone can point and laugh at their tackle
It makes sense - in this case it becomes a bit of a farce as the company is state subsidised and the fine goes to the state - a bit circular.
Re: Is £2m pounds enough for 31 lives?
In most cases like this, the fine is just like an extra stamp of guilt, showing that they were at fault.
It's like when people sue a hospital for screwing up and killing their child.
They aren't doing it for the money, it won't bring their child back, but it says to the world that the hospital did screw up.
Re: Is £2m pounds enough for 31 lives?
Quote:
Originally Posted by punky
I'd thought i'd wade in. Jezza Clarkson put it best. When you fine companies, it has a negative effect in the long run. Fines like this DO hurt copmpanies, and they have to respond by cutting even more costs and putting up prices to try and stay afloat. This means everytime you fine a company the situation gets worse.
He said a better punishment would be to make the board members walk through Central London naked during the day so everyone can point and laugh at their tackle
Very true. Until you hit the senior management of the companies concerned nothing will happen. Of course, if you're pessimistic, what could actually happen is that senior management would become extremely cautious and the amount of money spent on safety would soar and the companies would cease making any profits whatsover.
I dunno. I think I'll start travelling by sedan chair.
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