American criminals getting away with murder, while julian assange is being hunted like a dog.
crazy democracy
DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
81–90 of 130 posts
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#82> The company said it already accounted for a bulk of those costs in prior quarters and expects to take a $743.6 million charge in its fourth-quarter 2020 earnings to cover the rest. Sounds a bit like a like a fight club math answer. I wonder what a recall would have cost.
No, I don't think so. Boeing lost a lot more than this just to market forces -- the cost of lost business, the cost of repairs, the loss of future good will. There is no way a recall coordinator with a global view of the company's welfare in mind would have made the decision to go forward.
> Boeing lost a lot more than this just to market forces -- the cost of lost business, the cost of repairs, the loss of future good will.
How much did they actually lose? I mean, excluding coronavirus essentially destroying passenger airflight... Boeing does not have competition in many areas. The US military won't buy Airbus, Dassault or Saab planes, the NASA won't exclusively shift to SpaceX because ULA space flight is actually a job program. On the passenger airflight side the only competition is Airbus who have limited capacity.
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#83Boeing's fine is essentially nothing more than a one-time 10% rebate to their largest customer.
(Reference: In 2017, Boeing booked over $22 BILLION in revenue from the US government. https://www.forbes.com/sites/greatspeculations/2020/01/02/ho... )
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#84So anyone at Boeing going to jail for killing 346 people?
Who do you think should? An engineer who worked on the system? A manager? What law was broken? If you were in their position, how would you know you were breaking the law? Diffuse responsibility is a real problem. 'Teaching to the test' is a real problem. Normalizing risk is a real problem. Blaming individuals is very satisfying, and it's very easy to do with hindsight, but if you want large complex systems to work b…
the executives and the CEOs are the main responsibilities of the cooperation whoever was in charge during those build hours on the aircraft are responsible for its safety
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#85Corporations in the USA have the same legal rights as individuals in matters such as free speech, political lobbying, and so on. But when it comes to criminal liability, the people in charge are not held accountable and can buy their way out of jail with corporate funds. What a great country.
Can buy their way out with government funds. The Government is the largest spender on Boeing products.
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#86The people doing perpetrating these crimes don't care. Their paycheques don't change. If they aren't afraid of jail time and real accountability, then this will happen again. Instead they pushed through whatever they needed, and probably got well paid for those "successes".
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#87One thing the Chinese get right: high-level executions. When the blood cries out, I doubt it's to send a paltry $2.5B to the feds.
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#88Just wondering is FAA getting away with it?
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#89"No individuals have been criminally charged in the government’s investigation into Boeing, which was led by the FBI and the Department of Transportation’s Office of the Inspector General. Dennis Muilenburg, who was CEO when the crashes happened, was ousted in late 2019. He left with more than $60 million in stock options and other assets, though Boeing did not give him a severance."
What a cruel joke