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Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes

cnbc.com

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Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes

#11

Post by uejfiweun »

Animats wrote: post #9
a012 wrote: post #3

So Boeing is a felon, but at the same time nobody is going to jail.

Wikipedia: "In 2022, Calhoun (Boeing CEO) received $22.5 million from Boeing. Most of his 2022 compensation was in the form of estimated value of stock and option awards. He received the same $1.4 million salary as in 2021. Boeing announced in March 2023 that Calhoun would not receive a $7 million performance-based bonus, which had been tied to getting the new widebody 777X into service by the end of 2023. In Februar…

Was Calhoun really the problem? This company is one of those massive, glacial companies that have enormous inertia. Whatever changes in process led to all these disasters, it was something that started long before Calhoun's reign, I personally blame Jim McNerney.

Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes

#13

Post by KingOfCoders »

labster wrote: post #6
buildbot wrote: post #2

"The guilty plea would brand the planemaker a felon and could complicate its ability to sell products to the U.S. government. About 32% of Boeing’s nearly $78 billion in revenue last year came from its defense, space and security unit." Well that's a fun little fact

I’m sure we can come up with national security reasons to hire convicted felons with their own lobbyists and captured administrators.

The convicted felon in the White House next year will make sure his fellow felons get what they want.

Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes

#16

Post by thangalin »

"Whatever the reasons (market pressures, rushing processes, inadequate certifications, fear of being fired, or poor project management), Leveson’s insights are being ignored. For example, after the first fatal Boeing 737 Max flight, why was the entire fleet not grounded indefinitely? Or not grounded after an Indonesian safety committee report uncovered multiple failures? Or not grounded when an off-duty pilot helped avert a crash? What analysis procedures failed to prevent the second fatal Boeing 737 Max flight?"

https://dave.autonoma.ca/blog/2019/06/06/web-of-knowledge/

June 6, 2019

Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes

#17

Post by slim »

puzzledobserver wrote: post #15

What does it mean for a corporation to plead guilty? Does it mean that there is evidence to establish a crime beyond reasonable doubt, but there is insufficient evidence to implicate any employees in particular?

I don't think if the company is found guilty it means people won't get prosecuted. I would think the contrary is true. IANAL

Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes

#18

Post by somenameforme »

uejfiweun wrote: post #11
Animats wrote: post #9

Earlier quoted context omitted.

Wikipedia: "In 2022, Calhoun (Boeing CEO) received $22.5 million from Boeing. Most of his 2022 compensation was in the form of estimated value of stock and option awards. He received the same $1.4 million salary as in 2021. Boeing announced in March 2023 that Calhoun would not receive a $7 million performance-based bonus, which had been tied to getting the new widebody 777X into service by the end of 2023. In Februar…

Was Calhoun really the problem? This company is one of those massive, glacial companies that have enormous inertia. Whatever changes in process led to all these disasters, it was something that started long before Calhoun's reign, I personally blame Jim McNerney.

One of the reasons we generally excuse extremely high levels of executive compensation is that when things go well, the executives take full credit for it. Does it not seem reasonable that they should also take full credit, in ways beyond words, when things do not go well? I'm very much opposed to the increasing trend of socializing costs and privatizing profits which I feel this is a sort of a spin on. 'Privatize success, socialize failure.'

Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes

#19

Post by jajko »

hdesh wrote: post #4

I wonder if the outcome would have been any different if the 737 MAX crashes had happened on the American soil and involved loss of American lives.

Absolutely 0 doubt about that. Just look how at the beginning they tried to blame it all on incompetent african pilots. Human lives have wildly different values to us based on race, ethnicity, religion, remoteness etc., I don't like it but this is still very much part of human nature.

How much do you care if plane with 150 civilians falls down in remote russia or china and everybody burns to charcoal? Now compare it to same number of your neighbors or even just unknown people from your own town meeting the same fate.

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