5 ms·
Bribery or MCAS? Your choice.
by jdkee 7y ago
Bribery or MCAS? Your choice.
- bobbydroptables 7y agoOption 3: start jailing these fraudsters for criminal fraud. Jail corporate profits for 6 months. Claw back any and all executive pay since the fraud began and distribute it to low level employees or other victims of the fraud. If you can't survive as an honest company you don't deserve to survive. And there are very few people that give the government as many screws as executives to modify their behavior.
- Ididntdothis 7y agoIn medical devices when you screw up they can stop you from selling in a country for a while. That usually wakes people up. Stopping them from doing business for a while would wake up a lot of companies. But they can always hold their employees hostage since they would take most of the suffering.
- bobbydroptables 7y agoYep. Restrict their access to countries, markets, permits, approvals, private jets, the list goes on. There's a lot we can do short of jailing. And we can and should jail.
- monadic2 7y agoUnless of course the screw up is “normal”, like leaving your device unsecured and open to the internet (which is wide spread in the medical device community, at least in practice).
- Ididntdothis 7y agoI guess with “screw up” I meant things the regulatory organization doesn’t like. This could mean just wrong paperwork. As far as security goes things are improving. Five years ago you got brushed off if you pointed out how easily hackable the devices were. Now people are listening and the FDA also seems to understand issues better.
- esel2k 7y agoWell it is not completely clean in that industry. When selling large capital equipment you influence the buyer alot - invite them to your HQ, big hotel, show your secret innovation and talk about massive deals in reagents or other system the buy from you...
- Thorrez 7y ago> Jail corporate profits for 6 months. It seems like they did more than 6 months. Their profits for the first half of 2019 were €2.53B[1], the fines for this were €3.6B. [1] https://www.businessinsider.com/airbus-more-than-doubles-half-year-profits-boost-boeing-rivalry-2019-7 https://www.businessinsider.com/airbus-more-than-doubles-hal...
- lonelappde 7y agoProfit is the wrong number. Executives and others took home pay during that time too.
- lainga 7y agoI choose... Embraer?
- turrican 7y agoUnfortunately, Embraer is currently being bought out by Boeing.
- rl3 7y ago>Bribery or MCAS? Your choice. The irony of it: bribing people to choose planes that are actually safe.
- TylerE 7y agoAirbus doesn’t exactly have a clean record either.
- hathym 7y agoBribery or (MCAS and Bribery)
- crubier 7y agoI came to say exactly this. Come on, everybody knows that bribery is a usual part of international trade, as depressing as it is.
- agumonkey 7y agowhich is why I feel strongly that this is just an attempt at making people look away from Boeing even though the Airbus practice was flagged, investigated and publicized long ago.. it's just dirty laundry revival
- raverbashing 7y agoI'm a bit rusty on boolean logic and it's a Saturday but I think that means "Bribery"
- lonelappde 7y agoIt's not a Boolean logic problem. It's a near-semiring problem that is equivalent to (Bribery and (MCAS or nothing))