posts: 26800
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| post_id | thread_id | thread_title | post_number | author_username | post_date | post_date_iso | post_body |
|---|---|---|---|---|---|---|---|
| 26800 | 330 | OIL ON THE BEACH | 80 | nedsurf | Jun 13, 2010 | 2010-06-13T12:14:51-0400 | DS - with all due respect it's easy to say sue the bastards and get paid for BP's lack of living up to a contract. It is quite another to be the guy who suffers while his business goes to sh&t, and waits for years for litigation to wind it's way through the courts. It's my understanding that there are 10's of thousands (note appropriate use of the apostrophe ) of US franchise owners, licensees, employees, etc. that are victims of this when/if BP folds up their tent or reduces business in the US. I don't have an answer here but there are unintended consequences of actions, and I certainly wouldn't want to be the poor guy that gets stuck holding BP's bag. Investors are not just individual rich guys but many retirement funds and other institutions, maybe the one paying your retirement or holding your life insurance or a mutual fund that you have in your IRA. Same goes here for collateral damage. Like I said earlier, biggest CF I've ever been witness to. |