Saturday, October 28, 2023

Some Capitalists Deserve a Final Ride in a Tumbrel

The brass of Dutch Company Royal Phillips, including CEO Roy Jakobs, which, with full knowledge, kept selling CPAP machines even though their own scientists had discovered critical risks to the users. The company had thousands of complaints about the machines and kept them secret for over a decade.

This was basically Exploding Ford Pinto logic at work.

8 comments:

  1. What about the other brands? I have a different brand of Apnea machine. Are they all not built the same?
    w3ski

    ReplyDelete
  2. w3ski, no, not necessarily. The issue in question is the sound deadening foam that Phillips Respironics used in its machines. That particular foam off-gassed and deteriorated, resulting in inhaled gases and particles.

    You can bet your ass every other manufacturer is looking at their devices, as is the FDA, and will be proactive on responding because Phillips is gonna get bent over on this one so badly it may well bankrupt at least the U.S. operations. This will be an epic class action suit, the damages will be immense and, as such, it will attract some top level legal and computer forensic specialists to chase down every penny they can get.

    Hopefully, after this, Roy Jakobs and company won't even be able to sell rubber dog shit in Hong Kong.

    ReplyDelete
  3. With the right lawyers they apologize without admitting fault and possibly just walk away. Or file BK. The people in the class are found to be "unsecured creditors". They might see some nickels and dimes in the year 2030.

    ReplyDelete
  4. Seafury, hence the need for a one-way trip in a tumbrel.

    ReplyDelete
  5. I find tumbrel is a word I almost always have to explain.

    ReplyDelete
  6. Seafury, the plus here is they have the internal documents, much like how the tobacco cases worked out. There will be huge payments, mostly to lawyers and a few token victims. Meanwhile, the rest of the C-PAP users will soldier on, wondering if their model will be next…

    ReplyDelete
  7. "What about the other brands? I have a different brand of Apnea machine. Are they all not built the same?"

    Two of my card playing buddies have gone thru a number of brands. Word gets around in you peer group. Some are easier and safer to clean/disinfect. https://www.fda.gov/consumers/consumer-updates/cpap-machine-cleaning-ozone-uv-light-products-are-not-fda-approved

    ReplyDelete

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