Boeing to plead guilty to criminal fraud charge stemming from 737 Max crashes

- Boeing pleaded guilty to a criminal fraud charge related to the 737 Max crashes - The company agreed to pay a $243.6 million fine, invest $455 million in compliance and safety programs, and have an independent compliance monitor for three years - The guilty plea could affect Boeing's ability to sell products to the U.S. government - Prosecutors accused Boeing of misleading regulators regarding the flight-control system on the Max involved in the crashes - Victims' family members are seeking a public trial rather than the deal offered by U.S. prosecutors - Boeing will plead guilty to criminal fraud charge related to 737 Max crashes - The company will pay a $243.6 million fine and have a third-party monitor installed for 3 years - Boeing must invest at least $455 million in compliance and safety programs - The guilty plea could complicate Boeing's ability to sell products to the U.S. government - Prosecutors believe Boeing misled regulators about a flight-control system implicated in the crashes - Victims' families are calling for a public trial instead of the deal - Boeing violated a 2021 agreement that shielded it from prosecution

🚨 Reddit sentiment: negative - Most people are angry about the small fine, calling it a slap on the wrist considering the severity of the crime and its impact. Summarized comments: - 243+455 million? 699 together, that's it? Out of the already mentioned in the article 78 BILLION revenue just for last year? People should be going to jail for this, not just get fines for less than 1% of their revenue. This is a slap on the wrist. The EU fined Google 4.3 BILLION euro just for abusing their dominance to push their search engine. But I guess deaths of hundreds of people are worth less... Boeing also agreed for its board of directors to meet with crash victims’ family members. Yeah that's gonna help. - Someone needs prison time. - So this Boeing guy? Who committed a crime? He's going to jail, right? - This is actually a slap in the face to the people who died and their families. Classic, business puts peoples lives at risk and quite literally kills hundreds and just gets a slap on the wrist. Incredible they expect anything different with a fine like that. - If felons can run for president, felons can build planes Bullish. - In America, there are no consequences for crime. $243.6m, only! WTF - Reply: No consequences for crime *FOR RICH PEOPLE*. - Wouldnt you like to be that An independent compliance monitor Oh, the bribes and kick backs a person in that position could make! Also how is a company a felon? Who is responsible if its not one person its 20 or 50, they should all be felons. - They probably will pay the fine using frequent flyer miles. It's insultingly low. - If corporations are people, wouldn't death penalty be on the table for murdering 346 people? - Will the stock price even go down. - Reply: The stock has taken a savage beating compared to the rest of the market imo. - Reply: Probably will go up given the small fine. Stock tickers discussed: $BA