Boeing shares have fallen 68% from their all-time high set just before the second MAX incident in early March 2019. Furthermore, Boeing is paying $200 million in settlement over misleading investors on the 737 Max's safety.
In response to claims that the aircraft maker and its former CEO misled investors and the general public about the safety of the 737 MAX airliner, which crashed twice and killed 346 people, Boeing Co. negotiated a $200 million agreement with the Securities and Exchange Commission on Thursday.
Former CEO of Boeing Dennis Muilenburg consented to pay the SEC $1 million as part of a settlement. The SEC claims that following the initial 737 MAX incident, Muilenburg was aware of a flight control feature known as the Maneuvering Characteristics Augmentation System as a persistent safety concern but reassured the public that the aircraft was airworthy.
Here is a description of how the MCAS operates:
Following the second incident, Muilenburg and Boeing in...