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this post was submitted on 21 Feb 2024
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A believe there have been quite a few articles published with interviews from former Boeing execs with who were around when the company went from engineer ran to finance ran. One of them I remember the former executive said part of why they will continue to not trust Boeing is they are only grounding planes to solve one problem at a time after it's caused massive failure and not trying to engineer and solve all the problems they can so these failures stop happening mid flight.
You take the population of vehicles in the field (A) and multiple it by the probable rate of failure (B), then multiply the result by the average cost of an out-of-court settlement (C).
A times B times C equals X. This is what it will cost if we don't initiate a recall. If X is greater than the cost of a recall, we recall the cars and no one gets hurt. If X is less than the cost of a recall, then we don't recall.