[PEN-L:5155] the exploding Pinto and Gingrich

[DOUG ORR <DORR@xxxxxxx>]

It is amazing how pieces of important info. slip away.  Gingrich wants to
limit the maximum product liability award to $250,000.  If I remember correctly,
when Lee Iaccoca wrote his memo deciding to continue to sell Pintos that he
knew would explode into flames in a collision, he used an estimate of
$250,000 per affected car as a likely settlement amount and concluded that
at that cost, it would be more cost effect to let people burn.  Does anyone
out there remember the exact amount he used in his calculations?

Thanks,
Doug Orr
dorr@xxxxxxx