Johnson and Johnson reaches deal for $8.9B talc settlement
For context Johnson and Johnson's total revenue for 2022 was $94.94 billion [1], and this settlement is to be paid out over 25 years. So the total cost to them is about 1.3 days of revenue per year at their current revenue levels. Factor in inflation and growth, and it'll end up being a few hours of revenue per year.<p>More hard hitting justice for corporate malfeasance.<p>[1] - <a href="https://en.wikipedia.org/wiki/Johnson_&_Johnson" rel="nofollow">https://en.wikipedia.org/wiki/Johnson_&_Johnson</a>