International Boeing Unable To Buy Their Way Out of Prosecution; $2.5 Billion Doesn't Resurrect Dead

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https://www.bbc.co.uk/news/business-64390546

Aircraft giant Boeing will answer a fraud charge in court later over two plane crashes which killed 346 people.

Both accidents were down to flaws in the flight control systems on the 737 Max aircraft which caused nosedives.

Boeing was found to have failed to disclose information about the system but avoided a trial by agreeing to pay $2.5bn (£1.8bn) in fines and compensation.

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Investigations in the US revealed that Boeing had not included information about the MCAS system in pilot manuals or training guidance, and had deliberately sought to downplay the impact of the system in its communications with the US regulator, the Federal Aviation Administration.

In January 2021, the US Department of Justice (DoJ) charged Boeing with fraud. But the company was able to avoid going on trial, by agreeing to pay $2.5bn in fines and compensation, and promising to tighten up its compliance procedures.

This settlement - known as a deferred prosecution agreement - provoked intense anger among a number of the relatives of those who died aboard ET302.

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"To us a fine and cover-up is not justice," he said.

"It is important a precedent is set to prevent similar loss of innocent lives, and for Boeing to understand the horrific impact their misconduct has had on so many families," he added.

It is still far from clear whether the legal action will ultimately lead to the deferred prosecution agreement between Boeing and the DoJ being reopened.
 
The current shitshow at Boeing is what happens when you let the accountants run an engineering firm.
When the bottom line becomes the only important factor in running any business that business will inevitably become unreliable and corrupt. Loyalty to shareholders above customers is fucking disgusting, especially if life and limb are on the line.

We gotta come up with some sort of an ethical capitalism model. And soon.
 
When the bottom line becomes the only important factor in running any business that business will inevitably become unreliable and corrupt. Loyalty to shareholders above customers is fucking disgusting, especially if life and limb are on the line.

We gotta come up with some sort of an ethical capitalism model. And soon.
You are about to see that in the next few weeks, when companies miss profit margins and laying people off, ruining the lives of millions.

Because in capitalist societies, the lives of the working Americans are "human capital"
 
Imagine trying to cut costs on a way of transportation that either leads to safe travel or death, nothing inbetween unless your Denzel. Good, i hope Boeing folds like a paper airplane.
 
There is a docu about this on Netflix that I watched a few weeks ago. So sad how it's all about money and they hid the truth in the name of the all mighty dollar. I hope they go belly up
 
There is a docu about this on Netflix that I watched a few weeks ago. So sad how it's all about money and they hid the truth in the name of the all mighty dollar. I hope they go belly up

I have not seen that yet but want to. The thing I don't understand is the thought process behind the choices. They knew there was a problem. And that the result of the problem could be the planes crashing. I just don't understand how you start with that and end with the decisions they made.
 
You are about to see that in the next few weeks, when companies miss profit margins and laying people off, ruining the lives of millions.

Because in capitalist societies, the lives of the working Americans are "human capital"

This is crony capitalism, the problem you get with unlimited money in politics.
 
The current shitshow at Boeing is what happens when you let the accountants run an engineering firm.
And a bunch of shitheads whose only goal in life is to maximize quaterly earnings.
 
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