The benefit after the costs of potential rescue, and now the discovery of 5 recognizable pieces of the craft, will be a learning moment and there will be more regulation of deep sea diving for tourism in the near future. And the families of the victims will say that’s enough and probably name the legislation after one, or a few of the victims.
There are already regulations, the problem is that once they go to the ocean there are international waters so they are not required to follow them. That’s exactly what the cocky CEO did. He was vocal that regulations “impair innovation” and “it is not as dangerous”.
The family of the victims will make sure OceanGate will never build another deep sea vessel ever again. This one will depend on the legal logistics. Just like how some airlines caused airliner crashes due to pure negligence, some of the first-class families weren’t able to sue them into non-existence due to international airspace and/or waters protections.
From what I understand they don’t really have much assets, the CEO was the guy with the vision and is now dead, the company reputation is ruined. Even if the families wouldn’t go after them it is unlikely the company will exist.
It is possible that those people will look for jobs in other similar companies, but hopefully under somebody who is more sensible and listens to experts.
There are already regulations, the problem is that once they go to the ocean there are international waters so they are not required to follow them. That’s exactly what the cocky CEO did. He was vocal that regulations “impair innovation” and “it is not as dangerous”.
From what I understand they don’t really have much assets, the CEO was the guy with the vision and is now dead, the company reputation is ruined. Even if the families wouldn’t go after them it is unlikely the company will exist.
It is possible that those people will look for jobs in other similar companies, but hopefully under somebody who is more sensible and listens to experts.