BBC on Nostr: What's the right punishment for 'too big to fail' Boeing? ========== Boeing, one of ...
What's the right punishment for 'too big to fail' Boeing?
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Boeing, one of the largest companies in the US, has agreed to plead guilty to a criminal charge and pay $243.6m as part of a deal with government prosecutors. The company has repeatedly faced safety concerns, including the 737 Max crashes that resulted in 346 deaths. Whistleblowers have made claims about unsafe practices in Boeing's factories. The deal is controversial, with critics calling for a fundamental change in Boeing's corporate culture. Family members of crash victims believe the penalty is too lenient and have called for a fine of over $24bn. Lawmakers have expressed concerns that Boeing is too important to be held fully accountable. Boeing's status as a major contractor to the US military and its position in the commercial aviation market may have influenced the decision on the punishment. The company has orders for over 6,000 jets and faces competition from emerging rivals like China's Comac and Brazil's Embraer. The crises have already caused significant financial losses for Boeing. The question remains whether the punishment is enough to deter future wrongdoing.
#Boeing #CorporateAccountability #AviationIndustry #737Max #Safety #Whistleblowers #CriminalCharge #Fine #UsEconomy #UsMilitary #CommercialAviation #Competition #China #Comac #Brazil #Embraer
https://www.bbc.com/news/articles/c6p2jeg14r9o?xtor=AL-72-%5Bpartner%5D-%5Byahoo.north.america%5D-%5Bheadline%5D-%5Bnews%5D-%5Bbizdev%5D-%5Bisapi%5D
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Boeing, one of the largest companies in the US, has agreed to plead guilty to a criminal charge and pay $243.6m as part of a deal with government prosecutors. The company has repeatedly faced safety concerns, including the 737 Max crashes that resulted in 346 deaths. Whistleblowers have made claims about unsafe practices in Boeing's factories. The deal is controversial, with critics calling for a fundamental change in Boeing's corporate culture. Family members of crash victims believe the penalty is too lenient and have called for a fine of over $24bn. Lawmakers have expressed concerns that Boeing is too important to be held fully accountable. Boeing's status as a major contractor to the US military and its position in the commercial aviation market may have influenced the decision on the punishment. The company has orders for over 6,000 jets and faces competition from emerging rivals like China's Comac and Brazil's Embraer. The crises have already caused significant financial losses for Boeing. The question remains whether the punishment is enough to deter future wrongdoing.
#Boeing #CorporateAccountability #AviationIndustry #737Max #Safety #Whistleblowers #CriminalCharge #Fine #UsEconomy #UsMilitary #CommercialAviation #Competition #China #Comac #Brazil #Embraer
https://www.bbc.com/news/articles/c6p2jeg14r9o?xtor=AL-72-%5Bpartner%5D-%5Byahoo.north.america%5D-%5Bheadline%5D-%5Bnews%5D-%5Bbizdev%5D-%5Bisapi%5D