USG's announcement of an agreement to resolve asbestos personal injury claims should show the U. S. Senate once and for all exactly why S.852 is a boon to a handful of Fortune 50 companies and a death knell to smaller and medium-sized companies. It is rare that the financial benefits inherent in a piece of legislation for a single company are so clearly quantified -- no wonder companies like USG are spending millions of dollars on advertising to get this bill passed.
Quotes about usg (2 Quotes)
USG's other announcement today, its earnings report, also explodes the myths advanced by advocates of S.852, that the bill must be passed to save jobs lost through the enormous financial pain being endured by big corporate asbestos defendants. In its press release, the company reports 'Record Fourth Quarter 2005 Net Sales of 1.3 billion.' That the Senate would now shower companies like USG with even more benefits from S.852 is mind-boggling.