GM and Ford CEOs Beg About As Well As They Run Auto Companies
November 21, 2008
In a shocking display of political ignorance, the heads of the Detroit Big Three flew their private jets to Washington to beg for government funds (after decades of mismanagement and rarely interrupted decline) and refused to play ball. Is pride really worth more to them than $25 billion???
When asked if they would be willing to work for $1 salaries in return for the bailout’s passage,
“”I’m willing to do what I’ve been doing,” Wagoner said, saying he has already accepted a significant wage decrease and given up other forms of compensation. But he stopped short of saying he would accept a $1 salary.
Mulally said: “I understand your point about the symbol. But I think, not just for me, but we’re trying to fill a skilled and motivated team.”
Pressed on whether he would work for $1 a year, Mulally said, “I think I’m OK where I am.”"
Chrysler’s CEO Robert Nardelli apparently knows how to play ball, having made the empty gesture of offering to work for $1 as a condition for the bailout’s passage. Too bad politics is a team sport and his teammates SUCK.
Beautifully done, Rick Wagoner and Alan Mulally. You have now taken the fault of the bailout’s failure to pass away from the Democrats in Congress and placed it squarely upon your unrepetently well-tailored shoulders. Bravo.
… and the cow goes moo
I wrote a post yesterday, where I pretty much went off about the Bush administration, and the auto industry bailout, and touched on the point that you make here about how these guys arrived in Washington. I was pretty much on the fence with this issue, but I’m so angry now, not just with the Bush administration, but with news talk radio continually spewing their poisonous views, and my rant was pretty much about the administration, and where to lay the blame for the mess that we are in right now, and I just wanted to say I thin k your post while short, hits the mark.
Lew
http://www.lnph.us
The auto companies sent multi-millionaires on private jets to plead for free money. That’s like sending obese restaurant owners to plead for free food.
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