I posted today onto the “Pharmacist Steve” website regarding the article about “Bayer, J&J settle thousands of US Xarelto lawsuits for $775 million.” Here’s a copy of what I had to say:
While $775 million sounds like a LOT of money, in reality it isn’t. When numbers get this large, people have no concept to compare to. You have to do the math to show how FRIVOLOUS this amount really is. Between Bayer AG and Johnson & Johnson, their combined earnings recently total over $120 billion. Do the math: $120,000,000,000 divided by 365 days per year = $328,767,123 per day. That’s $328 MILLION per day, EVERYDAY, not just business days. So divide that out of their settlement amount of $775 million, and you see that it only takes them 2.36 days to make that amount of money; that’s only 56.6 HOURS. When the average citizen gets fined or penalized, it ususally represents a BIG proportion of their income. This $775 million out of $120 billion represents LESS THAN 1% of their revenue! WOW! THAT WILL REALLY TEACH THEM A LESSON! While they are laughing their way to the bank.