Global aerospace giant Boeing (NYSE:BA) has agreed to pay $200 million as settlement charges related to the two fatal crashes of 737 MAX jets in 2018 and 2019. Further, Boeing's former CEO, Dennis Muilenberg, will pay $1 million as part of the total settlement. According to the U.S. Securities and Exchange Commission (SEC), Boeing and its former CEO allegedly made misleading statements to investors regarding the safety of its 737 Max jets. Gary Gensler, Chairman of the SEC stated, “The Boeing Company and its former CEO, Dennis Muilenburg, failed in this most basic obligation.
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