Boeing facing criminal charges?
05-17-2025 | 07:19 AM
#41
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,618
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From: Engines Turn or People Swim
If you put the former CEO in jail? That I would be in favor of. Do that to 2-3 CEOs and 98% of corporate malfeasance would stop. The fact is nobody has gone to jail since Enron so control fraud is extremely profitable to executives with almost no downside. Ergo no surprise at all that it is endemic.
Such legal entities are needed to execute legal devices, such as contracts, leases, ownership of property, etc while shielding arms-lengths owners (ie share-holders) from liability beyond the value of their shares.
But corporations don't commit crimes, people commit crimes, and should always be held accountable as individuals.
Corporations can be penalized with regulatory sanctions, lawsuits, etc. But that should be limited to non-criminal torts, regulatory violations, etc.
With that said, CEO's shouldn't be criminally liable for the crimes of underlings, if they didn't know about them. Even knowledge might not be enough, without active conspiracy. CEO's can be held professionally accountable for shirking their duties by regulatory/civil mechanisms, or hopefully by BoD/Shareholders.
12-18-2025 | 07:18 AM
#42
Line Holder
Joined: Feb 2015
Posts: 1,596
Likes: 112
You're quoting me out of context, I was referring to *corporate culture*. FAA doesn't seem to think that's been fixed yet.
Whether individual BCA execs were in fact guilty I don't expect to ever really know. "Can't prove it" is not the same as "innocent". Way past the point of giving them the benefit of the doubt.
Whether individual BCA execs were in fact guilty I don't expect to ever really know. "Can't prove it" is not the same as "innocent". Way past the point of giving them the benefit of the doubt.
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF TEXAS FORT WORTH DIVISION
Not surprised this didn't make the news.
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