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“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.”
If you were I were to commit criminal fraud, we would go to prison. Why is it that a corporation, which is also considered to be a person, does not need to do something as life-altering?
It's insane. Of course we can't just jail a corporation and just shutting them down forcibly would cause more problems than it solves, but really that fine needs to be at least 50 times as high. Probably 100 times. Something that hurts, a lot. Not enough to outright bankrupt them, but enough to do that if it happens again any time soon. Their yearly revenue is 72 billion. This is the equivalent of someone making 50k a year paying a $200 fine for gross negligience that killed people. What the fuck?
Jail the executives and/or apply the fine to them. They are ultimately the ones that pushed this culture to happen, and as they say "the buck stops here".
Wishful thinking, I know. It would never happen in real life.
It may never happen but don't give up on the fact that it could happen. We make up what is the collective consciousness of all civilization. Just as we thought pot would never be legal there was enough people who said it should be. One day you might wake up and the work we did in shaming the owner class, the robber barons, will be a reality.
I don't think a fine is an appropriate result. Any amount of money paid to the government is not going to get those people back, it's not going to fix Boeing's workplace culture, it's just going to drive them to cut more corners to recoup the cost of the fine.
Clearly, they can't be trusted to run their own QC operation in an industry where a few missed bolts leads to the violent deaths of hundreds of people. The "punishment" should be the creation of a QC and safety team that is accountable to the American people, which is paid for directly by Boeing. This team is financially liable for Boeing's mistakes, and picks a fee based on how well boeing is passing QCs and inspections. Most importantly, Boeing's C-suite is not allowed to privately communicate with this team.
Accountability should be the "punishment."
I might be mistaken but I thought they are now under a lot of scrutiny from the FAA
Fine the shareholders personally, the major ones. I leave it to the lawyers to figure out how to go about that.
I suggest a federal agency become lone shareholder and criminal charges be filed against board members