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Not enough. Still cheaper to defraud and kill people than to do it right. As a former Boeing engineer, though not involved in commercial manufacturing, I thin
by khaki54 2y ago
Not enough. Still cheaper to defraud and kill people than to do it right. As a former Boeing engineer, though not involved in commercial manufacturing, I think there are certainly about 20 people who had enough to do in the decisionmaking to rate a jail sentence.
Some of these items are profit-driven, e.g. sales reps telling airlines they didn't need to recertify /retrain to get the sale. (One of the new features ended up killing people) Other items were not directly profit driven, lazy engineers that don't care to understand and follow the procedure and guidelines laid out for them. Actual process improvement recommended by an engineer can earn bonuses after being vetted out, but they knew what they were doing was not legit. Certainly shift managers were aware what was going on also.
In purely financial terms, shareholders lost far more value than the fines so what does this do besides absolve the company?
- cyanydeez 2y agoYou gotta think, also, they already invested in the lawyers for the risk assessment so ignoring the sunk cost fallacy just means spending more money. These companies arent stupid, they are sociopathic.