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Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by Trias11 on Thursday January 07, 2021 @06:12PM (#25678966)
No one who has $2.5B is going to jail for anything.
Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by m1sta_ on Thursday January 07, 2021 @07:19PM (#25679594)
Fines like this typically punish shareholders and lower level employees (via restructuring in response to a need to find budget for the fine).
Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by dragonwriter on Thursday January 07, 2021 @07:25PM (#25679633)
> Fines like this typically punish shareholders

Good.

That should motivate shareholders to assure that they can hold management of firms they invest in accountable.

> and lower level employees

Which is regrettable, but I’m not sure how any form of corporate sanction could avoid that.

Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by entangledqubit on Thursday January 07, 2021 @08:04PM (#25680020)
You could have the fines be "heavily" pulled out of compensation packages for the higher ups who actually have the power to change the organization... but then they'd probably just leave and screw up some other place?

Do boards generally try to claw back compensation in these sorts of situations? (Just as they have been doing in some of the recent cases involving financial shenanigans.)

Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by deepsun on Thursday January 07, 2021 @07:28PM (#25679655)
Boeing belongs to the USA, so US citizens will take the punishment then. Am I right?
Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by blendergeek on Thursday January 07, 2021 @07:47PM (#25679824)
Boeing is a publicly traded company based in the USA. That is different from being owned by the USA. Amtrak (which provided passenger rail service in the USA) is owned by the US Federal Government. Boeing on the other hand is owned by a multitude of individuals like you and me and probably a good number hedgefunds.
Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by m463 on Friday January 08, 2021 @12:20AM (#25681777)
Meanwhile, Airbus... I've always heard the French Government supports it, but it's hard to see exactly how.

and something interesting I just noticed:

"In 2015, Airbus Group said it was establishing an R&D center and venture capital fund in Silicon Valley."

Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by lallysingh on Thursday January 07, 2021 @06:20PM (#25679043)
Martha Stewart? But that was securities fraud, the only true crime.
Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by arcticbull on Thursday January 07, 2021 @07:13PM (#25679552)
"The charge is bank robbery. Now, my caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested. Therefore, robbing a bank is tantamount to that most heinous of crimes, theft of money."
Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by floxy on Thursday January 07, 2021 @07:40PM (#25679749)
>In March 2004, Stewart was found guilty of conspiracy, obstruction of justice, and two counts of lying to a federal investigator. Her securities fraud charge was dismissed.

https://www.thestreet.com/lifestyle/martha-stewart-net-worth...

Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by vageli on Thursday January 07, 2021 @06:24PM (#25679081)
> Martha Stewart? But that was securities fraud, the only true crime.

I don't think Martha Stewart is a billionaire.

Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by ineedasername on Thursday January 07, 2021 @07:40PM (#25679747)
She's > 600 million.

At that level, I'm not sure there's a useful distinction between her level & billionaire

Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by blazor on Thursday January 07, 2021 @06:24PM (#25679085)
that was lying to the FBI actually
Re:DOJ fines Boeing over $2.5B, charges it with fraud conspi... by paulmd on Thursday January 07, 2021 @11:36PM (#25681557)
The one thing that will absolutely send you straight to jail 100% of the time is playing games with rich people's money.