Uh huh.....
J&J Said to Reach $4 Billion Deal to Settle Hip Lawsuits - Bloomberg
4 Billion is the tip of the iceberg in drug/medical device company recall litigation. Don't kid yourself, pretty much every consumer products company will aggressively market and sell anything they can sneak past the FDA.
That said, you're very right that modern products featuring synthetic chemicals aren't necessarily worse than traditional or "all-natural" preparations. And I think the persistent attitude that "my skin tolerates this well" against the conclusions of modern scientific knowledge is unfortunate. Just because you tan and don't burn doesn't mean that you should intentionally take in a lot of sun -- it will catch up to you in time. Similarly, just because essential oils and other known irritants don't cause you immediate discomfort, you shouldn't conclude that they aren't irritating or damaging to your skin. I go back and forth between Cella and MWF as shave soaps, but if someone found (or recommended to me) some (non-toxic) industrially produced goo that was less drying while providing similar cushion and slickness, I'd switch in a heartbeat.