They did it once, then did it again and not only is it still just a fine, the fine didn't even go up. Given inflation since then, the fine actually went down in real terms.
That'll teach them for sure! /s
this post was submitted on 08 Jul 2024
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This is an absolute god damn failure. Merrick Garland is a spineless, neutered, impotent, milquetoast, coward and that's exactly how history should remember him.
“In a major win for the DOJ Boeing has agreed to a plea deal to avoid a criminal trial. As part of the deal Boeing agreed to a slap on the wrist after which they will be legally required to admit to being very naughty before they can resume committing crimes.”
Damn, I wish I could commit felony fraud and get off with just a fine.
Although, doesn't the government usually prefer to not work with convicted felons? Does this mean they'll prefer other companies for contracts, etc.?
We'd need to actually have an aviation market instead of (checks notes) two corporations.
Boeing made $76B in revenue in 2023. This is slightly more than 1 day's revenue for them ($210M / day) or a bit more than 10 days profit for them ($21M / day). They will keep doing what they're doing, but increase their spending on a PR campaign to improve their public image.
They will keep doing what they’re doing
Wrong.
This plea deal helps them quantify the cost of safety lapses, which they didn't have before. Now they know that they'll only get fined a tiny bit, they know that it'll be worth it to cut further corners if that helps them sell maybe 5-10 more planes in total.
Just part of the cost of doing business.
Exactly. This is like if you charged the average person $1 for causing a major motorway accident.
It's a joke of a fine in the face of Boeing's profits - basically telling them they can get away with severe and wreckless disregard for human life in return for just over a week's profits.
You make 1$/day?
No, but it's on a similar scale as far as Boeing is concerned.
No it isn't, you were just replying to someone saying that it's slightly more than their daily revenue (equivalent to a person's income before taxes and spendings)...