Aftermath of Incident:
John Manville did admit that he knew about the dangers of Asbestos and that it could kill people and still kept it from all of his employees, except for his executive stakeholders. After 40 years of damages and lives lost, the cost to John Manville was 4.3 billion in settlements and over 800,000 in claims. John Manville still exists today making close to 2 million dollars in sales yearly. They are now forced to tell everyone who works for them the risks and how to prevent any exposure.
Lessons other corporations can learn from the case:
If John Manville was only forthcoming to his employees and told them what was going on, they would have saved themselves a lot of money in settlement fees. With that, what other corporations
John Manville did admit that he knew about the dangers of Asbestos and that it could kill people and still kept it from all of his employees, except for his executive stakeholders. After 40 years of damages and lives lost, the cost to John Manville was 4.3 billion in settlements and over 800,000 in claims. John Manville still exists today making close to 2 million dollars in sales yearly. They are now forced to tell everyone who works for them the risks and how to prevent any exposure.
Lessons other corporations can learn from the case:
If John Manville was only forthcoming to his employees and told them what was going on, they would have saved themselves a lot of money in settlement fees. With that, what other corporations