Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
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Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
#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
Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
#3So Boeing is a felon, but at the same time nobody is going to jail.
Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
#4I 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.
Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
#5So Boeing is a felon, but at the same time nobody is going to jail.
That's the purpose of creating a corporation.
Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
#6"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.
Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
#7So Boeing is a felon, but at the same time nobody is going to jail.
Too big to jail.
Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
#8"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
Well yeah. Don't wait for Boeing supply to be replaced by AliExpress orders.
Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
#9So 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 February 2023, Boeing awarded Calhoun an incentive of about $5.29 million in restricted stock units to 'induce him to stay throughout the company's recovery.' In March 2023, Boeing announced Calhoun was being given shares worth $15 million that will vest in installments over three years."
Re: Boeing to plead guilty to criminal fraud charge stemming from 737 MAX crashes
#10So Boeing is a felon, but at the same time nobody is going to jail.
Maybe there should be some similar effect for corporations. Maybe ban then from giving out dividends of performing stock buy backs until sentence is served. Here I think something reasonably light like 10 to 50 year per victim non concurrent would do the trick.