Re:Boeing Admits It Knew of a Faulty Safety Alert in 737 Max
by atonse on Thursday May 09, 2019 @03:09PM
(#19871232)
Not sure why this is getting downvoted. We see again and again that in spite of these kinds of disasters and callous disregard and fraud, CEOs don't actually get punished, instead are rewarded with massive exit packages.
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Re:Boeing Admits It Knew of a Faulty Safety Alert in 737 Max
by rocqua on Thursday May 09, 2019 @03:22PM
(#19871358)
Whilst the lack of prosecution of CEOs is disconcerting, I don't think it is fair to say that CEOs come out of a scandal better because of their exit package.
Sure, its a nice sum of money, but I think most CEOs still prefer not having the money and the scandal not happening. That is not to say that current repercussions are enough, just that it is currently not net beneficial to have a scandal. Notably, with the current low levels of repercussions, it might still be net beneficial to risk a scandal though.
Re:Boeing Admits It Knew of a Faulty Safety Alert in 737 Max
by atonse on Friday May 10, 2019 @01:45PM
(#19880293)
Correct. I assure you, at no point in any of these board rooms, are CEOs saying "let's not do that, it might land me in prison" – they're probably just saying "let's not do that because it'll depress the share price by 5%" – but in the case of Boeing and other similar companies, the "let's not do that" part is something that can result in deaths.