Your tip

ExxonMobil Gets Awesome $4500000000 Break!

Oct. 27 2008, Published 7:07 a.m. ET

Link to FacebookShare to XShare to FlipboardShare to Email
Getting your Trinity Audio player ready...
  • Nearly 20 years ago, some drunk dude plowed into Alaska in a big boat and killed a lot of Arctic ducks or something. Unfortunately his boat was full of oil. Ten million gallons of it. (The boat, by the way, is still in operation. The captain is not; last we heard of him, he was living in Long Island, picking up trash on the side of the road.) Today the Supreme Court decided that there should be a ratio of compensatory to punitive damages in the lawsuit which resulted, and therefore gave ExxonMobil a big relief in their fat wallets. (Though, for the record, the company did pay more than $3 billion in cleanup and the like. Though they wouldn't have had to, would they, if they hadn't made a mess!) In the end, each plaintiff got/gets $30,000. Which, in Alaska, means they'll never have to work again. Except they pretty much all drank through it already. ISN'T IT IRONIC.

  • MORE ON:
    Article continues below advertisement


    More From Radar Online

      Opt-out of personalized ads

      © Copyright 2024 RADAR ONLINE™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.