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Profits 1st, Safety 2nd?
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betreger Send message Joined: 29 Jun 99 Posts: 11359 Credit: 29,581,041 RAC: 66 |
Fiduciary duty to the shareholder. Gary I posit there will be shareholders suing for the loss in value of their stock due to the reckless behavior by management with their cutting corners. |
rob smith Send message Joined: 7 Mar 03 Posts: 22160 Credit: 416,307,556 RAC: 380 |
Very unlikely to be lawyers - project accounts are the most likely scoundrels by saying "We must save $$$", then cutting engineering's budget by x% to do so. Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
Very unlikely to be lawyers - project accounts are the most likely scoundrels by saying "We must save $$$", then cutting engineering's budget by x% to do so. The lawyer was in his office right before the cut reminding him to maximize profit at all costs. Or he hit the boardroom with the same message and it came down the chain. |
rob smith Send message Joined: 7 Mar 03 Posts: 22160 Credit: 416,307,556 RAC: 380 |
Lawyers don't hold the purse strings, the project accountants do. Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
Richard Haselgrove Send message Joined: 4 Jul 99 Posts: 14649 Credit: 200,643,578 RAC: 874 |
This is beginning to sound like "two countries, divided by a common culture" - in this case, our respective attitude to lawyers. On this side, corporate lawyers assist, advise, sometimes warn: on the other side, I suspect they have a higher executive status. Maybe in the end, it will come down to a tussle between American criminal lawyers vs American corporate lawyers. What's the formbook on that one? |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
Board level position. https://www.boeing.com/company/bios/brett-gerry.page |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
Maybe in the end, it will come down to a tussle between American criminal lawyers vs American corporate lawyers. What's the formbook on that one?Corporate ones win, negotiated settlement for a fine which will be passed on to the customer. Look at PG&E and the recent wild fires to see how it works. |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
Corporate ones win, negotiated settlement for a fine which will be passed on to the customer.You mean like in healthcare that cost twice as much in the US compared to all other OECD countries? Are customers in the US more safe because of lawyer fees then we are ? |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
Corporate ones win, negotiated settlement for a fine which will be passed on to the customer.You mean like in healthcare that cost twice as much in the US compared to all other OECD countries? What part of Fiduciary duty to the SHAREHOLDER do you no understand? There is no duty to the customer. Aren't legal ethics grand? |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
Lets say that legal ethics are very different between the US and Europe, eh the EU, eh countries not in the Eurozone, eh not the Schengen agreement.Corporate ones win, negotiated settlement for a fine which will be passed on to the customer.You mean like in healthcare that cost twice as much in the US compared to all other OECD countries? So what part don't you understand? |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
Thought we were discussing Boeing, HQ USA. I know the rest of the world is different, why they flock to the NYSE.Lets say that legal ethics are very different between the US and Europe, eh the EU, eh countries not in the Eurozone, eh not the Schengen agreement.Corporate ones win, negotiated settlement for a fine which will be passed on to the customer.You mean like in healthcare that cost twice as much in the US compared to all other OECD countries? |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
Why would airliners that are not even American flock to NYSE? |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30608 Credit: 53,134,872 RAC: 32 |
Why would airliners that are not even American flock to NYSE? Not just airlines, corporations of every kind. Why, access to the US court system which is business friendly and anti-consumer. |
rob smith Send message Joined: 7 Mar 03 Posts: 22160 Credit: 416,307,556 RAC: 380 |
I have to say that one of the few groups of people to actually profit from the MCAS debacle will be the corporate lawyers. Just think corp on corp actions, class actions, individual actions. it will keep them in bacon butties for the rest of their greedy lives to no benefit of Joe Public apart from higher airfares.... Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
What's WRONG with Boeing?! MAX update https://www.youtube.com/watch?v=LQCPSXTE9Mg Petter's dog seem to have no interest at all... |
rob smith Send message Joined: 7 Mar 03 Posts: 22160 Credit: 416,307,556 RAC: 380 |
...that dog rarely shows any interest.... Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
moomin Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 |
He's called Patxi:) |
Sirius B Send message Joined: 26 Dec 00 Posts: 24876 Credit: 3,081,182 RAC: 7 |
Whirlpool had claimed the fire was caused by “spontaneous combustion†inside the tumble dryer.Whirlpool of flames "Nice" experts. Are all U.S. experts that dumb? Edit: Shame the rest of the world cannot follow suit. In Australia and New Zealand, the authorities have decided they cannot wait for international agreement. |
Richard Haselgrove Send message Joined: 4 Jul 99 Posts: 14649 Credit: 200,643,578 RAC: 874 |
The BBC has put together one of their long background pieces on the Boeing 737 Max saga. Haven't read it yet, but they're usually pretty thorough. Boeing and the battle over blame Edit - broadcast news is linking the Max story to the Paris Air Show, opening today. |
ML1 Send message Joined: 25 Nov 01 Posts: 20147 Credit: 7,508,002 RAC: 20 |
The BBC has put together one of their long background pieces on the Boeing 737 Max saga. Haven't read it yet, but they're usually pretty thorough. Just now read it thanks in a brief break: That is an excellent write-up and excellent journalism. Covers nicely our discussions on this thread. Edit - broadcast news is linking the Max story to the Paris Air Show, opening today. That will be 'interesting' for the Boeing Marketing 'spin'... All in our only one world, Martin See new freedom: Mageia Linux Take a look for yourself: Linux Format The Future is what We all make IT (GPLv3) |
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