naked gent
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Re: McDonald's Denies Claim For Employee Shot at W
Actually Henry since they are legally required to carry workman's comp there is zero chance the fund will go broke.......they may have to pay more into the fund if they poorly manage their claims but unless they close their restaurants the fund will survive.
For us here in the peanut gallery this is about doing the right thing or maybe not but I'm not sure this is a case of the kind Nick indicates where someone is trying to get money they are not entitled to.
There are three interested parties here, the victim, the franchise owner and McDonalds corporation and all of them are looking out for their individual interests only referencing right or wrong when it benefits them.
Henry takes the corporate position and perspective but he seems to think that perspective is identical to that of the franchisee which, as a matter of business I don't think it is at all.
I think the franchisee would come down firmly on the kids side and not because its the right thing to do but because it is in his interest to do so. From his perspective the cost of paying the claim spread over 30,000 restaurant is a lot less to him than the possible cost to him of lost customers and disgruntled employees.
The quotes from him in the linked story certainly seem to indicate that he thinks the claim should be paid. And why not which McDonalds would you rather own the one where employees feel fairly treated and customers feel safe or the one where both feel neither?
In business customers matter as much as the bottom line as evidenced today by companies like Target, Walmart and Amazon who are sacrificing profit margins in order to keep sales from dropping.
Also I'd point out that, assuming the kid had no health insurance on his own, that hospital will never see that $300,000 bill paid in full. If it becomes a comp case they will be lucky to get $200,000 and if it isn't I doubt the young man will be paying that bill in full either.
All the more reason to manage the claims paid very carefully. Payments into the trust would be a % of payroll. Payments out of the trust have to be carefully managed - if not, the trust goes broke and nobody collects a claim.
Actually Henry since they are legally required to carry workman's comp there is zero chance the fund will go broke.......they may have to pay more into the fund if they poorly manage their claims but unless they close their restaurants the fund will survive.
Rich people or companies are not obligated to pay out sums of cash they believe are unreasonable. What's implied by your emoticoms is indicative of the same problem crippling America right now -- entitlement to grab from a perceived big pot of goodies whether or not it's earned or deserved.
For us here in the peanut gallery this is about doing the right thing or maybe not but I'm not sure this is a case of the kind Nick indicates where someone is trying to get money they are not entitled to.
There are three interested parties here, the victim, the franchise owner and McDonalds corporation and all of them are looking out for their individual interests only referencing right or wrong when it benefits them.
Henry takes the corporate position and perspective but he seems to think that perspective is identical to that of the franchisee which, as a matter of business I don't think it is at all.
I think the franchisee would come down firmly on the kids side and not because its the right thing to do but because it is in his interest to do so. From his perspective the cost of paying the claim spread over 30,000 restaurant is a lot less to him than the possible cost to him of lost customers and disgruntled employees.
The quotes from him in the linked story certainly seem to indicate that he thinks the claim should be paid. And why not which McDonalds would you rather own the one where employees feel fairly treated and customers feel safe or the one where both feel neither?
In business customers matter as much as the bottom line as evidenced today by companies like Target, Walmart and Amazon who are sacrificing profit margins in order to keep sales from dropping.
Also I'd point out that, assuming the kid had no health insurance on his own, that hospital will never see that $300,000 bill paid in full. If it becomes a comp case they will be lucky to get $200,000 and if it isn't I doubt the young man will be paying that bill in full either.










