What do you think of the Big Three Auto Executives flying private jets into DC to beg for money?
Tags: insurance, renting and many other things related to private planes. Licensing, chartering, costs to charter private planes and jets, etc.
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Themocracy
If I need some money, I will not show off. They should be humble and they should flight with the ordinary people. They are not ready to sell their jet too.They might be dissapproved.
They just don’t seem to get it. I was floored, I wanted to be there as a tax payer & ask them plain & simply WTF? Are they that stupid? Yes they are. I wouldn’t give any of them a dime. Corporate greed is so evident & so obvious here it’s pathetic. I understand that thousands of people can & will loose there jobs. What people don’t seem to understand is that this is going to happen either way, weather they receive our tax money or not. These CEO’s are looking to for a quick fix, a fast & easy way to get out of the hole they put themselves in. What Government should be asking for, as well as the tax payers & especially the blue collar workers of the company is the termination of the top corporate executives.
Alan Mulally, who succeeded Bill Ford last year as chief executive of Ford Motor Co. (F), received compensation valued at $39.1 million in his four months on the job in 2006, including an $18.5 million bonus related to his signing and awards he gave up when he left his previous employer Boeing Co. (BA), according to a regulatory filing Thursday.
Same Alan that recently flew in on a cooperate jet (costing his company $20,000) to ask for our tax money. Alan’s salary is 2 million a yr. but his bonus & all cooperate CEO’s bonus & compensation checks are outrageous! How much does one man need!
I just don’t think that is the issue to discuss, wether or not they took a 200 dollar public airplane or a 20,000 dollar private, neither is their huge salaries (c’mon, 16 million a year… ) this data is just demagogy. The real problem is, these three gentlemen came to the congress, and were talking like hours to get the money they think they deserve “to save the auto industry”, and what we didn’t listen in any moment, no regrets or recognition of guilt, they were there as if they didn’t make any mistake, as if the crisis wasn’t their responsibility, at least in part. you know, something very similar to this crisis occurred in 1948 to toyota, and his head K. Toyoda immediately resigned, and also resigned to all his social benefits (the economic ones) because he had to ask all toyota workers to a cut on their salaries, he would say “how can I make a cent if I’m asking my people to cut their salaries” and he really resigned, even when history shows us that wasn’t even his fault.
There is a word in japan, “hansei” or self reflection (indeed, is much more than just a self reflection) doing hansei means in part, recognizing that we have done something wrong, and, through a feeling of shame and pain, asking for forgiveness, and taking the compromise (life compromise) to fix what we did wrong. I guess asking our CEOs in Detroit to do some hansei is too much, isn’t it?
Its a testament to their ignorance and arrogance….the big three are a rudderless ship adrift in a sea of confusion and debt with no hope of finding dry land….heck with ‘em….let ‘em starve and use that money for healthcare and education…
arrogance, arrogance and more arrogance. is it the corporate philosophy that the perks of the job out way the reality that is faces the big three? the ceo’s of these companies need to tell congress that the reason they are in this mess is b/c of the poor management that these men bring to the us auto industry. they need to build cars that people really want to buy. stop building cars that people have no faith in to last the term of their payments 4-5 or 6 years. what is it that the japanese and european auto companies are doing right? the big three need to copy what these companies are doing, because the japanese are building cars in this country. yet, they do not seem to be in the dire straights that the big three are now facing.
next time the ceo’s from the “3″ show up with a tin cup in hand, they should consider the appearance that they make and their plan for the future growth of the us auto industry.