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The Cost Corner: Government Contracts Cost and Pricing – Compensation for Personal Services (Part I)
29 Feb 2024, 2:29 pm
Sixth, the Compensation Cost Principle requires “special consideration” of compensation costs for certain individuals.[25] Such individuals include owners of closely held corporations, members of limited liability companies, partners, sole proprietors, or members of their immediate families, and persons who are contractually committed to acquire a substantial financial interest in the contractor’s business.[26] Compensation for those individuals must be reasonable for the… [read post]
22 Feb 2024, 12:35 pm
” Such accusations are misplaced, as Boeing’s DEI initiatives are designed to help transform the corporate culture of the company which has, as the recent securities lawsuit alleged, prioritized “profits over safety. [read post]
7 Feb 2024, 7:45 pm
Court of Appeals for the Fourth Circuit, and as General Counsel of Boeing, has been one of the more vocal proponents of the view that Trump should be disqualified from the ballot. [read post]
1 Feb 2024, 9:39 am
Before the pandemic Boeing traded at over $300 a share. [read post]
31 Jan 2024, 2:17 pm
The post Boeing Defense Business Narrows Losses As Company Battles MAX Crisis appeared first on Above the Law. [read post]
30 Jan 2024, 1:56 pm
According to the government, Boeing failed to comply with certain regular testing requirements of the contracts. [read post]
30 Jan 2024, 3:24 am
The company's last profitable year was 2018. [read post]
22 Jan 2024, 1:06 am
If it is the foreign mother company that is the defendant, process must be served on her. [read post]
19 Jan 2024, 2:17 pm
Safety advocates say Boeing assembly line workers are pressured to rush and that the company has cut back on quality control inspections, which are all a recipe for disaster. [read post]
18 Jan 2024, 4:21 am
It's a six-minute speech that came by email yesterday, wherein the CEO of Alaska Airlines, Ben Minicucci, talks about his company's fiasco with the Boeing MAX jet, on which they have foolishly doubled down time after time.It's a massive blast of insincere hot air from a guy who should be hanging his head in shame. [read post]
9 Jan 2024, 5:21 pm
Laster concluded that: When Fairhurst engaged in sexual harassment, he was not acting subjectively to further the best interests of the Company. [read post]
9 Jan 2024, 10:42 am
” “As we’ve discussed in the past, the company has struggled mightily with manufacturing and we’ve had over twenty production quality defects. [read post]
19 Dec 2023, 9:05 pm
Yet fatal violations by Boeing, an American monopolist, resulted in a deferred prosecution agreement. [read post]
18 Dec 2023, 10:43 am
If (as expected) the Justice Department moves to dismiss the conspiracy charge against Boeing, the effect of granting that motion would be (as the Fifth Circuit pointedly noted) that "no company, and no executive and no employee, ends up convicted of any crime, despite the Government and Boeing's DPA agreement about criminal wrongdoing leading, the district court has found, to the deaths of 346 crash victims. [read post]
18 Dec 2023, 9:16 am
These companies, Global Aerospace, Chubb, AIG, Tokio Marine and others, reserve funds that result in a hit on their balance sheets. [read post]
1 Dec 2023, 8:31 am
To compel our client to leave his former employer, Boeing, NG promised him pension benefits. [read post]
26 Nov 2023, 6:40 pm
In Caremark and its progeny, Delaware courts mandated that company boards establish effective legal compliance systems. [read post]
26 Nov 2023, 7:06 am
Another important recent Caremark case, the Boeing case, involved the company’s high-profile airline crashes. [read post]
21 Nov 2023, 6:51 am
Hackers such as LockBit target companies and governments with ransomware that disables access to computer systems. [read post]
14 Nov 2023, 3:15 am
This was evident last year when the Delaware Court of Chancery allowed a Caremark duty-of-oversight claim to advance against Boeing Company directors. [read post]
