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DOJ fines Boeing over $2.5B, charges it with fraud conspiracy

305 点作者 Lapz超过 4 年前

19 条评论

chmaynard超过 4 年前
Corporations 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.
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just_steve_h超过 4 年前
Boeing&#x27;s fine is essentially nothing more than a one-time 10% rebate to their largest customer.<p>(Reference: In 2017, Boeing booked over $22 BILLION in revenue from the US government. <a href="https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;greatspeculations&#x2F;2020&#x2F;01&#x2F;02&#x2F;how-much-of-boeings-revenues-comes-from-the-us-government&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.forbes.com&#x2F;sites&#x2F;greatspeculations&#x2F;2020&#x2F;01&#x2F;02&#x2F;ho...</a> )
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wolverine876超过 4 年前
Per another source, the $2.5 billion mostly goes to other major corporations:<p>* 243.6 million fine<p>* $500 million into a fund for the families of passengers who were killed in the crashes<p>* $1.77 billion in compensation to airlines that were unable to use their Max jets while they were grounded<p><a href="https:&#x2F;&#x2F;abcnews.go.com&#x2F;Politics&#x2F;wireStory&#x2F;boeing-pay-25-billion-settle-charge-plane-75118202" rel="nofollow">https:&#x2F;&#x2F;abcnews.go.com&#x2F;Politics&#x2F;wireStory&#x2F;boeing-pay-25-bill...</a><p>For the most part, the U.S. Department of Justice saved some Fortune 500 companies from civil litigation costs.
franczesko超过 4 年前
&quot;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.&quot;<p>What a cruel joke
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RachelF超过 4 年前
So anyone at Boeing going to jail for killing 346 people?
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S53Vflnr4n超过 4 年前
$500 million fund for crash victims family members (346 human lives) and $1.77 billion for its airline customers. Justice served. Now Boeing can rinse and repeat not to mention bail out from tax payers if there is a need to be. So who went to jail for this ? I know that if I steal from Walmart, I will be arrested and possibly get jail time.
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InTheArena超过 4 年前
Don’t worry, Boeing gave 19 million dollars in lobbying. They will make this back with sweet sweet new contracts from the DoD and NASA, especially now that Bridenstein is gone and won’t fire their corrupt cronies at the agency.
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Twaway45609超过 4 年前
Compare this to the fine which volkswagen got (6 times more) and prison term for the top managers, having killed 0 people.<p>Unfortunately US justice is very unfair against foreign corporations.
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JohnJamesRambo超过 4 年前
So the fine is about the cost of twenty-five 737 Max planes.<p>&gt;Boeing had around 450 Boeing 737 MAX aircraft built and awaiting delivery.<p>&gt;Boeing has unfilled orders for over 4,000 737 MAX jets.<p><a href="https:&#x2F;&#x2F;simpleflying.com&#x2F;737-max-deliveries-december&#x2F;" rel="nofollow">https:&#x2F;&#x2F;simpleflying.com&#x2F;737-max-deliveries-december&#x2F;</a>
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notadog超过 4 年前
Ongoing discussion: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25677573" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=25677573</a>
purpleidea超过 4 年前
The people doing perpetrating these crimes don&#x27;t care. Their paycheques don&#x27;t change. If they aren&#x27;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 &quot;successes&quot;.
haltingproblem超过 4 年前
There is a notion that Boeing is&#x2F;was a company with an insanely great engineering culture and their engineers lived in an idyllic culture of building great and safe products. This great culture was all lost as a result of the merger with McDonnell Douglas [1], [2], [3].<p>This argument is frequently put forth by ex-Boeing engineers. This is an apologia for Boeing&#x27;s behavior which killed 346 people and endangered the lives of 1000s more and destroyed jobs&#x2F;wealth around the world. These apologists want you to think that the unholy trinity of the McDonnell Douglas culture which infected Boeing, the decisions of Harry C. Stonecipher, CEO of McDonnell Douglas at the time of the merger and Dennis Muilenburg, the last CEO of Boeing who greenlighted the 737 MAX are responsible for this outcome.<p>So strong is the apologists conviction in the purity of Boeing&#x27;s engineering culture that they ignore the fact that thousands of engineers worked on the 737 Max. Not a single engineer raised issues with the engineering of the aircraft. Not a single engineer wrote a blistering memo calling out its failing or quit in protest. They were all held in thrall, paralyzed and forced to go against their ethics, professionalism, decency by the power of this unholy trinity!<p>Eventually, all stellar organizations, public or private, become complacent (e.g. Israeli Intelligence Failure, 1973). Boeing made an unstable plane with a dangerous MCAS to get it to market fast. They then topped it off by making it rely on a single sensor. They then made the dual-sensor an upgrade. An undergraduate engineering student with a basic course on probability can see that this is tailor-made for disaster. Boeing made an essential safety feature an upgrade!! But wait there is more. They then proceeded to hide this monstrosity from every regulator and airline on the planet and insisted that the plane was no different in every aspect of its flight behavior than its predecessor which was over 30 years old and did <i>not require</i> additional safety training.<p>Boeing had become so criminally blatant that the head of airline training at Lion Air inquired about extra training for the 737 Max and they rebuffed him. After the Lion Air crash, Boeing proceeded to cast aspersion on the safety practices of Lion Air. Lion Air does have a spotty safety record but in this case, Boeing rebuffed their requests for additional training because it would set a precedent for other airlines in SE Asia. When that lack of training was a factor in the crash, Boeing proceeded to blame Lion Air. Chutzpah!<p>Released transcripts of messages show how Boeing employees worked in unison to ensure no extra simulator training was required. Great engineering culture obsessed with safety, this aint!<p>We need to start accepting that whatever stellar engineering culture existed at Boeing is dead. We as a society need to stop scapegoating imaginary forces in the past and giving Boeing engineers a pass. Let&#x27;s agree that strong regulation is necessary to ensure the safety of Boeing Products.<p>[1] <a href="https:&#x2F;&#x2F;qz.com&#x2F;1776080&#x2F;how-the-mcdonnell-douglas-boeing-merger-led-to-the-737-max-crisis&#x2F;" rel="nofollow">https:&#x2F;&#x2F;qz.com&#x2F;1776080&#x2F;how-the-mcdonnell-douglas-boeing-merg...</a><p>[2] <a href="https:&#x2F;&#x2F;fortune.com&#x2F;longform&#x2F;boeing-737-max-crisis-shareholder-first-culture&#x2F;" rel="nofollow">https:&#x2F;&#x2F;fortune.com&#x2F;longform&#x2F;boeing-737-max-crisis-sharehold...</a><p>[3] <a href="https:&#x2F;&#x2F;www.perell.com&#x2F;blog&#x2F;boeing-737-max" rel="nofollow">https:&#x2F;&#x2F;www.perell.com&#x2F;blog&#x2F;boeing-737-max</a>
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tomxor超过 4 年前
&gt; 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.<p>Sounds a bit like a like a fight club math answer. I wonder what a recall would have cost.
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intricatedetail超过 4 年前
People at the top need to go to jail for life. This is no punishment.
Sophistifunk超过 4 年前
If I am found criminally responsible for crashing a couple of planes, I&#x27;m pretty sure I&#x27;d get life. Just sayin&#x27;.
kumarski超过 4 年前
I bought as much as I could on Margin at $150.<p>Boeing is a national asset and has hundreds of marketing vendors in India.<p>Gonna boom under spaceforce and India vs. CCP.<p>Boeing is a national asset and it&#x27;s gonna be institutionally owned heavily or dismantled and sold off into different units.<p>Gonna be wild to watch.
mrjin超过 4 年前
Just wondering is FAA getting away with it?
derwiki超过 4 年前
Down 0.6% in after hours trading. Does this mean investors consider this a win?
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chaganated超过 4 年前
One thing the Chinese get right: high-level executions. When the blood cries out, I doubt it&#x27;s to send a paltry $2.5B to the feds.