FILE - Boeing employees work on the 737 MAX on the final assembly line at Boeing's Renton plant, June 15, 2022 in Renton, Wash. The SEC announced Thursday, Sept. 22, 2022, that Boeing Co. will pay $200 million to settle allegations that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people.
FILE - Boeing employees work on the 737 MAX on the final assembly line at Boeing's Renton plant, June 15, 2022 in Renton, Wash. The SEC announced Thursday, Sept. 22, 2022, that Boeing Co. will pay $200 million to settle allegations that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people.
Boeing Co. will pay $200 million to settle charges that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people. The Securities and Exchange Commission said Thursday that it charged the aircraft maker and former CEO Dennis Muilenburg with making significant misleading public statements about the plane and an automated flight-control system that was implicated in the crashes in Indonesia and Ethiopia.
Neither Boeing nor Muilenburg admitted wrongdoing, but they offered to settle and pay penalties, including $1 million to be paid by Muilenburg, who wasThe SEC said Boeing and Muilenburg knew that the flight system, known as MCAS, posed a safety issue but promised the public that the plane was safe. The SEC said they also falsely claimed that there had been no gaps in the process of certifying the plane in the first place.
The money soothes cannibals' jealousy.
THOSE DEATH TRAPS SHOULD BE PERMANENTLY GROUNDED!!!!!
No way these planes are safe. You can always view ur type of plane when you make a flight rez, if you don’t feel like risking it. Note airlines often change plane/equipment for various reasons after booking. You MUST be notified & you can deny the changes or change to other optin
And yet admission of guilt, HUNDREDS of innocent lives lost, and ZERO FUCKING ACCOUNTABILITY 🖕🖕🖕
The penalty is rather funny
Hey, remember when retired Judge Michael Luttig got the hell out of Boeing right around the time Max737s started falling out of the sky? General counsel Counselor and senior advisor to the Board of Directors Fingerprints all over the cover up Reprehensible magaT
Boeing’s CEO pushed to keep those planes in the air when he knew they were unsafe, and people died. The sky should be the limit on fines, $500 million to $1 billion seems more reasonable.According to whistleblowers, Boeing is still prioritizing cost cutting over safety.
They should be in prison.
No criminal charges because laws are for the working class.
And no prison, like always
How much goes to victims families
$200M? Thats C-suite salary. Big deal.
I am sure Artemis will be more successful
hold up. TFG's 'baseline' fine is more $ than a mega airline -that admits- negligence in the deaths of 346 innocent people?
You mean settled charges they lied to investors about the safety of the airplane but OK, good headline I guess!
Culpable homicide may be a more appropriate charge for Boeing?
Who gets that money? Hopefully families of the crash victims.
Another case of a peanuts fine for a mega corporation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: chicagotribune - 🏆 8. / 91 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: snopes - 🏆 228. / 63 Read more »
Source: CNN - 🏆 4. / 95 Read more »
Source: CBSNews - 🏆 87. / 68 Read more »