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Tue Nov 27, 2012, 12:18 AM

Bangladeshi company budgets $1200 for families of those killed...

They're just all heart, aren't they?

A company that makes clothes for Sean Combs' clothing brand ENYCE and other U.S. labels reassured investors that a factory fire that killed 112 people over the weekend would not harm its balance sheet, and also pledged to pay the families of the dead $1,200 per victim.

In an announcement Monday, Li & Fung Ltd., a middleman company that supplies clothes from Bangladesh factories to U.S. brands, said "it wishes to clarify" that the deadly Saturday night blaze at the high-rise Tazreen Fashions factory outside Dhaka "will not have any material impact on the financial performance" of the firm.

http://abcnews.go.com/Blotter/1200-life-clothing-company-pays-peanuts-families-factory/story?id=17814618

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Reply Bangladeshi company budgets $1200 for families of those killed... (Original post)
Archae Nov 2012 OP
JimDandy Nov 2012 #1
Scuba Nov 2012 #2

Response to Archae (Original post)

Tue Nov 27, 2012, 12:42 AM

1. So incredibly sickening.

They may be surprised to find that media exposure of their statement gets them substantial "material impact on the financial performance" of their firm.

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Response to Archae (Original post)

Tue Nov 27, 2012, 05:30 AM

2. Note the ABC article singles out Sean Combs while ignoring WalMart, Penny's, Gap, etc.

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