Failed Boeing killer planes boss’ golden handshake

This 29 April 2019 video says about itself:

The families of Canadians killed in the Ethiopian Airlines crash last month have launched a lawsuit against plane maker Boeing.

Lawyers in Chicago have filed the suit on behalf of a Brampton, Ont., family that lost six members and a man who lost his Hamilton-based wife and three young children.

All 157 people on board Ethiopian Airlines Flight 302 were killed when the Boeing 737 Max 8 aircraft en route from Addis Ababa to Nairobi crashed on March 10.

Lawyers for the families behind the lawsuit allege Boeing was blinded by greed as it rushed its 737 Max 8 jets to market, claiming the company put profits over safety.

The families have also filed a claim against the U.S. Federal Aviation Administration, alleging the regulator enabled the plane’s rush to market.

Translated from Dutch NOS TV today:

The fired chief executive of aircraft manufacturer Boeing can claim tens of millions. All in all, Dennis Muilenburg’s severance arrangement gives him around 33 million euros. At the current Boeing share price of more than 300 euros, Bloomberg news agency has calculated.

Muilenburg is also entitled to a pension scheme of almost 12 million euros. He also has shares in the company with a current value of 39 million euros. If the price rises, it can therefore become even more.

Muilenburg has made tens of millions since he took office in 2015, largely through stock options and bonuses. He was sent out by the board yesterday because of the crisis around the 737 MAX aircraft.

They have been on the ground for months worldwide because two air disasters happened, killing 346 people in Indonesia and Ethiopia.

Both accidents were caused by software errors in the operating system of the device. …

Boeing not only builds commercial aircraft, but also military aircraft, helicopters, satellites, missiles and weapon systems. The loss that the company suffers because of the problems with the 737 MAX is only a fraction of the billions in turnover it makes every year.

6 thoughts on “Failed Boeing killer planes boss’ golden handshake

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