This works: Take the company jet to Washington and plead that your company is running out of money. Did they think that nobody would notice?
Also note that other than the CEO of Chrysler (who has past experience of running a large company (Home Depot) into the ground), they were not willing to take a pay cut. Alan Mulally of Ford said that he was "fine where he was."
Well, no shit there. I'd be fine if I were making $21 million a year to run a company into the scrapyard.
If the automakers don't get their bailout, the CEOs are in large part to blame for not making the case.
Subscribe to:
Post Comments (Atom)
1 comment:
I really think these guys are so out of touch that they don't see the irony in what they do.
Their tons of money have created an enormous wall between them and reality.
Post a Comment