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Boeing will pay a $200m settlement over its 737 crashes

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Boeing will pay a $200m settlement over accusations it misled investors about its controversial 737 Max aircraft

Boeing will pay a $200m settlement to investors after misleading them about its controversial 737 Max aircraft.

The settlement follows a wide sweeping investigation by America’s Securities and Exchange Commission.

The SEC was probing allegations of misleading statements made by Boeing’s former-Chief Executive about the troubled jets, which crashed in both Indonesia and Ethiopia.

This CEO led the company through both incidents, which took 346 lives.

The SEC investigated how Boeing communicated with investors about the crashes, as well as its response to the crisis.

Credit: ABC

The incidents wiped billions from the company’s market value.

In a seperate investigation, the U.S. Justice Department found a former Boeing pilot misled air-safety regulators about the aircraft’s flight-control system.

Boeing paid $2.5 billion following this probe, with most of the settlement provided to airline customers and families of the crash victims.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

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Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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