The Treasue of Nuestra Senora de las Mercedes goes back to Spain

Obiwancanoli · February 25, 2012 3:35AM

Nuestra Senora De Las Mercedes

I wonder if the Salvage company was able to recoup ANY costs?

edix2001 · February 25, 2012 3:41AM

It seems to me that that they likely wrote most of their expenses off previously and if they want to gain anything they can simply charge collectors more for the stuff they salvage in the future. That's how it works, right?

Unknown · February 25, 2012 4:09AM

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MrEureka · February 25, 2012 6:08AM

It seems to me that that they likely wrote most of their expenses off previously and if they want to gain anything they can simply charge collectors more for the stuff they salvage in the future. That's how it works, right?

Wrong.

edix2001 · February 25, 2012 6:16AM

<< It seems to me that that they likely wrote most of their expenses off previously and if they want to gain anything they can simply charge collectors more for the stuff they salvage in the future. That's how it works, right?

Wrong. >>

I guess they could also cut their workers' wages and benefits, that's a popular thing these days to keep corporate profits high.

slothman2000 · February 25, 2012 6:54AM

so much for "finders keepers".....

MrScience · February 25, 2012 7:23AM

<< << It seems to me that that they likely wrote most of their expenses off previously and if they want to gain anything they can simply charge collectors more for the stuff they salvage in the future. That's how it works, right? Wrong. >>

I guess they could also cut their workers' wages and benefits, that's a popular thing these days to keep corporate profits high. >>

Or they could seek a bailout from Uncle Sugar (maybe they could grow algae for biofuel in the salvage containers!), but I'm guessing that they are not politically connected, given the outcome of their court case.

edix2001 · February 25, 2012 7:34AM

They might already be using their ships and equipment for C.I.A. spying missions.

PerryHall · February 25, 2012 7:47AM

Wouldn't it be ironic if the treasure was lost somewhere over the Atlantic while in transit back to Spain?

DuPapa · February 25, 2012 7:49AM

How can it go back to Spain when it never got there...?

edix2001 · February 25, 2012 7:53AM

Apparently they did face some rough storms during the flight, but the Hercules transport planes were up to the task.

RichieURich · February 25, 2012 8:03AM

Spain should enjoy this victory because there will never be another treasure recovered from a Spanish ship.

And the U. S. courts system can lay claim to another absurd decision.

Obiwancanoli · February 25, 2012 10:24AM

Methinks if there is any way to hunt whatever treasures may be left, it will be done in secrecy if at all possible. While I believe the courts were following the rule of law, the salvagers should have received substantial share, since without them, there would be no treasure to sue over.

Clearly, the line between soverign and commercial booty was danced along by both parties, yet in the end, the article I read stated there was no absolute certainty the ship found - and thus, its treasure - belonged to the Nuestra Senora. On the other hand, if Spain had enough evidence it was, why didn't the salvagers dig a little deeper before... digging a little deeper?

Perhaps it was their hope that this was a commercial salvage?

They spent a lot of time, and money, for what? Nothing.

Bummer.

mrpotatoheadd · February 25, 2012 10:34AM

<< I guess they could also cut their workers' wages and benefits, that's a popular thing these days to keep corporate profits high. >>

Do you guarantee your employees' wages and benefits ahead of your corporate profits?

Just wondering...

edix2001 · February 25, 2012 11:16AM

<< 

<< I guess they could also cut their workers' wages and benefits, that's a popular thing these days to keep corporate profits high. >>

Do you guarantee your employees' wages and benefits ahead of your corporate profits?

Just wondering...

>>

It seems like their only way to make profits while lacking economic growth.

secondrepublic · February 25, 2012 11:19AM

Ridiculous decision to just give it to Spain without compensating the finders. I hope they kept some of the good stuff for themselves.

mrpotatoheadd · February 25, 2012 11:30AM

<< It seems like their only way to make profits while lacking economic growth. >>

If a company doesn't make a profit, it goes out of business. How is that good for employees?

BTW- you didn't answer my question.

edix2001 · February 25, 2012 11:41AM

Indeed, if the sole reason for business is profits, and they can't guarantee profits, then they can't guarantee wages.
And for a hundred years there was economic growth, where profits were maintained and wages rose.
But now there is no growth, yet the businesses demand profits, thus the attack on workers' wages and benefits.
That's the system, for as long as it lasts.

mrpotatoheadd · February 25, 2012 11:48AM

<< But now there is no growth, yet the businesses demand profits, thus the attack on workers' wages and benefits. >>

Workers have no obligation to continue working for a business just as soon as they determine it no longer benefits them to do so.

WoodenJefferson · February 25, 2012 12:23PM

The share holders really took a massive hit on this one...

The Treasue of Nuestra Senora de las Mercedes goes back to Spain

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