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Boeing's 737 MAX Scandal: A Fair Resolution? (Part III of III) | Michael Volkov


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Boeing’s settlement with DOJ raises more questions than answers.  While I understand that a criminal case against Boeing requires DOJ to identify
one or more
individuals who have committed a crime that can be fairly attributed to the Boeing corporation.  The doctrine of
respondeat superior is the mechanism by which this legal attribution occurs.
Boeing has been praised for its remediation efforts and its end result.  It clearly could have been a lot worse.  In my view, it should have been a more severe enforcement action against Boeing.  When misconduct results in a loss of life, the prosecution and eventual result should reflect the seriousness of the matter.  ....

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Uttarakhand Weather Update Three Flights of spice jet cancelled due to fog and hail rain warning from tomorrow

Uttarakhand Weather Update Three Flights of spice jet cancelled due to fog and hail rain warning from tomorrow
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DOJ fines Boeing over $2.5B to resolve conspiracy fraud charge related to 737 Max crashes


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Under the terms of the three-year deferred prosecution agreement, Boeing will pay a total criminal monetary amount of over $2.5 billion, composed of a penalty of $243.6 million and a $1.77 billion commitment to provide Boeing’s airline customers for financial losses resulting from the grounding of the 737 Max.
In addition, a $500 million crash-victim beneficiaries fund will be established to compensate the heirs, relatives, and legal beneficiaries of the 346 passengers who died in the two crashes.
This is a substantial settlement of a very serious matter, and I firmly believe that entering into this resolution is the right thing for us to do a step that appropriately acknowledges how we fell short of our values and expectations, Boeing President and CEO David Calhoun said in a memo to employees.  While we deeply regret the conduct described in the agreement, I am confident that it isn’t reflective of our employees as a whole or the culture or chara ....

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