Boeing CEO Resigns After Ignoring Multiple Safety Failures

The CEO of Boeing announced that he’s leaving the company at the end of the year. His announcement came after a string of mechanical failures on Boeing jets, which employees say were the result of years of cutting corners. Mike Papantonio & Farron Cousins discuss more.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

The CEO of Boeing announced that he's leaving the company at the end of this year. His announcement came after a string of mechanical failures on the Boeing jets, which employees were warning about for years. They said, this is coming, this is coming. But it was during a time when there was cost cutting and cutting corners at every, every step of the way. This is an industry, Farron, that is making so much money they can't spend it all. Right. They're the war, they are the weapons war industry. That's what this story, I wish they had got into more details on it, but they're the weapons war industry. They don't make money on building jets. They make money on selling missiles that blow the hell out of three quarters of the world. That's what they do. And so they're making a ton of money, but they still want to cut corners so they can pay this cat an exorbitant obscene bonus every year, while the workers keep getting cut and cut and cut. Pick it up.
Or worse, depending on what happens to the workers, as we've seen. But like you said, you got over 150 employees for Boeing that in the last couple years have sounded the alarm to regulators saying, hey, listen, they're cutting corners here. They're using shoddy materials. They're not following regulations. This is subpar material on this jet that will fail. Will you do something? 150 employees telling regulators this and regulators say, nah. I mean, we've got all these big contracts with Boeing. We're kind of bailing 'em out already with the 737 Max. So we're just gonna let it be. And of course, what happens? People die.
Yeah.
It's obscene.
Okay. 350 deaths just in two fatal crashes. 350 deaths. Not to say, what else is there? And okay, so not one time have they been criminally prosecuted. Okay. They always get these sweetheart deals. We're gonna defer prosecution. Can you get it right? No, Mr. CEO, you're not going to prison. If you killed that many people, you'd be in prison tomorrow. But we have a Department of Justice that is so tied to white collar, I mean, here's what happens. They're looking for jobs. You got lawyers there that are looking for jobs. Either that, or the lawyers with the Justice Department are career lawyers. They're tired. They don't have to work that hard. They're at GS, whatever the hell that is. And they're making all the money that they need, so they don't do anything to go after these folks. The other part, like I said, the other, two different divisions. One is the career person. Hell, why work hard? Right. I'm gonna be paid anyway. And then the other folks that are looking for jobs with corporations like this. So they kill all these people, no criminal prosecution, just like we saw with opioids. They killed 150 people a day for decades, Farron. The Department of Justice had everything they needed to prosecute, but they didn't prosecute. And we see it constantly. It's just a way of life in this country. But in this case, the 737 Max 9, what a disaster.
Yeah, absolutely. We're dealing with a company that there is no question they were intentionally making bad airplanes.
No. Which is the part of the criminal intent.
Right.
Which flows all the way to the top. Right?
Absolutely. And these non prosecution agreements from the DOJ are actually only meant for basically first time offenders. Okay, this is your first time doing something bad. You didn't actually even hurt anybody. So we will give you a non prosecution agreement here. But with companies like Boeing, these are repeat offenders. They should not even qualify for these non prosecutorial agreements.