Boeing’s Troubles Represent Feelings About Corrupt Corporations

June 25, 2024 Boeing’s Troubles Represent Feelings About Corrupt Corporations  image

Key Takeaways

  • Sentiment toward Boeing's legal troubles is predominantly negative as many Americans express frustration and distrust towards large corporations.
  • There is a palpable sense of disillusionment and anger at a recurring pattern of big businesses, despite wrongdoing, avoiding severe consequences.
  • Negative sentiments are often coupled with a broader critique of the existing political and economic systems that appear to enable unfair outcomes.  
     

Our Methodology

Demographics

All Voters

Sample Size

4,000

Geographical Breakdown

National

Time Period

7 Days

MIG Reports leverages EyesOver technology, employing Advanced AI for precise analysis. This ensures unparalleled precision, setting a new standard. Find out more about the unique data pull for this article. 

News of U.S. prosecutors recommending the Justice Department criminally charge Boeing for violating the settlement on fatal 737 Max crashes, is generating discussion. On June 18, Boeing CEO Dave Calhoun testified in the U.S. Senate about numerous issues which sparked widespread public reactions.

Public commentary focuses on the aviation giant's apparent safety lapses and retaliatory tactics against whistleblowers. Americans seem deeply concerned and outraged over the company's negligence and the emerging whistleblower claims, which add fuel to an already blazing fire of public discontent.

Sentiment Trends

American attitudes are predominantly negative towards Boeing. There is a strong sense of betrayal, with people feeling Boeing's leadership, including Calhoun, place profits above human lives and safety. The CEO's large salary amid these allegations only exacerbates public anger. This highlights a stark disconnect between Boeing's top brass and any serious consequences for their actions.

Many Americans draw parallels between Boeing's corporate practices and broader systemic issues within American political and business practices. Americans believe Boeing's safety issues represent a larger problem in which corporate malpractice goes unchecked due to weak regulatory oversight and prioritizing corporate profit over public welfare. The speculation about favoritism and insufficient criminal prosecution by the Justice Department fuels the narrative of systemic corruption.

Belief in corrupt corporations leads calls for a more extensive overhaul, beyond penalizing Boeing. Public opinion suggests holding individuals at the top levels of management accountable, including demands for Calhoun's resignation, could be a starting point. However, transforming this sentiment into a broader movement against systemic corporate and political negligence requires strategic framing.

Corporate Corruption in America

Many voters believe Boeing's quality control issues and lack of repercussions are emblematic of larger problems in corporate America. There are recurring mentions of corporate greed, regulatory failure, and political complicity. Voter suspicions include:

  • Whistleblower deaths and retaliation show grave moral and legal corruption.
  • Boeing's situation with other corporate malpractice cases reveals a pattern of corporate negligence under weak administration.

While the public's immediate reaction is one of anger and disappointment towards Boeing, there is potential to channel this sentiment into a broader movement against corporate hubris. People seem to want robust regulatory governance, which they hope can lead to a significant systemic overhaul.

Online discussion about corporate corruption isn't limited to Boeing. Many people draw parallels between Boeing's situation and other issues like corporate tax evasion, legal loopholes, and the perceived inadequacy of regulatory frameworks.

Some Americans further associate these corporate malpractices with a corrupt political establishment. They believe politicians across party lines tend to protect the interests of big corporations over those of ordinary citizens.

This negativity seems to be impacting Boeing’s stock, which is down in 2024. It also remains lower than when the deferred prosecution agreement (DPA) between Boeing and the U.S. Department of Justice (DOJ) was announced on January 7, 2021. The agreement required Boeing to pay more than $2.5 billion to resolve the criminal charge of conspiracy to defraud the Federal Aviation Administration (FAA).

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