DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
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Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#2Ongoing discussion: https://news.ycombinator.com/item?id=25677573
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#3So anyone at Boeing going to jail for killing 346 people?
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#4So anyone at Boeing going to jail for killing 346 people?
No one who has $2.5B is going to jail for anything.
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#5> 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.
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#6[deleted]
Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#7Re: DOJ fines Boeing over $2.5B, charges it with fraud conspiracy
#8> 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.