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Boeing to pay $2.5bn to resolve 737 MAX criminal probe in US:
Boeing Co will pay over $2.5bn to resolve the United States Department of Justice (DOJ) investigation into two deadly 737 MAX crashes that killed 346 people, the DOJ said, but will not be forced to plead guilty to criminal charges.
The DOJ said the settlement includes a criminal monetary penalty of $243.6m, compensation payments to Boeing's 737 MAX airline customers of $1.77bn, and the establishment of a $500m crash-victim beneficiaries fund to compensate the heirs, relatives and legal beneficiaries of the passengers.
[...] Boeing admitted in court documents that two of its 737 MAX Flight Technical Pilots deceived the FAA about a key safety system tied to both fatal crashes called MCAS.
Boeing Chief Executive David Calhoun said in a statement the agreement "appropriately acknowledges how we fell short of our values and expectations."
The airline payment fund will include prior payments already made by the Boeing to airlines.
(Score: 2) by edIII on Saturday January 09 2021, @07:57PM
Exactly. Until executives are actually KILLED, or EXECUTED for their negligence that results in hundreds of deaths, or in other cases, thousands of deaths, there will be ZERO deterrent against their continued behavior.
China gets it correct. Those executives over there that knowingly cut the baby milk with bad chemicals were dragged out and shot, and then their families billed for the bullets. In China, they KNOW that if they do these things and get caught, especially in the public eye, that the government will take quick and decisive action to give the people want they want. Whether that's a form of justice, and vengeance, it's result is the same. Deterrence.
How many people on this site violate speed limits on a routine basis? In part because you know it might just be a fine? What if every single moving violation was punished by a minimum of 4 hours of community service, every weekend, for the next 30 days? Would you speed less?
Fines are in no way a deterrent to the rich and powerful, there are merely fees for their bad behavior to be excused. There must be punishment. Period.
That's why I won't ever get into a 737 MAX for my entire fucking life. I have zero faith that is safe, precisely because of the greed of those executives overriding science, engineering, and their humanity.
This isn't the first bullshit to go on either. I can recall when the electrical wiring and conduits were installed incorrectly, that could result in a dangerous situation over time. Executives complained it would be too expensive to correct, and they should be allowed to move those planes into service.
All of those planes should be moved to Tuscon, AZ. Where they can bake in the sun and be stripped for parts. Let those executives suffer a multi-billion dollar fuckup, and pay for it.
Technically, lunchtime is at any moment. It's just a wave function.