On Nov 19, 8:57=A0pm, "Non scrivetemi"
wrote:
> In article
> b5326aaa7...@v38g2000yqb.googlegroups.com>
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> gd...@yahoo.com wrote:
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> > Big Three CEOs Flew Private Jets to Plead for Public Funds
> > Auto Industry Close to Bankruptcy But They Get Pricey Perk
> > By BRIAN ROSS and JOSEPH RHEE
>
> > (ABC) November 19, 2008 =97 The CEOs of the big three automakers flew t=
o
> > the nation's capital yesterday in private luxurious jets to make their
> > case to Washington that the auto industry is running out of cash and
> > needs $25 billion in taxpayer money to avoid bankruptcy.
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> > The CEOs of GM, Ford and Chrysler may have told Congress that they
> > will likely go out of business without a bailout yet that has not
> > stopped them from traveling in style, not even First Class is good
> > enough.
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> > All three CEOs - Rick Wagoner of GM, Alan Mulally of Ford, and Robert
> > Nardelli of Chrysler - exercised their perks Tuesday by flying in
> > corporate jets to DC. Wagoner flew in GM's $36 million luxury aircraft
> > to tell members of Congress that the company is burning through cash,
> > asking for $10-12 billion for GM alone.
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> > "We want to continue the vital role we've played for Americans for the
> > past 100 years, but we can't do it alone," Wagoner told the Senate
> > Banking Committee.
>
> > While Wagoner testified, his G4 private jet was parked at Dulles
> > airport. It is just one of a fleet of luxury jets owned by GM that
> > continues to ferry executives around the world despite the company's
> > dire financial straits.
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> > "This is a slap in the face of taxpayers," said Tom Schatz, President
> > of Citizens Against Government Waste. "To come to Washington on a
> > corporate jet, and asking for a hand out is outrageous."
>
> > Wagoner's private jet trip to Washington cost his ailing company an
> > estimated $20,000 roundtrip. In comparison, seats on Northwest
> > Airlines flight 2364 from Detroit to Washington were going online for
> > $288 coach and $837 first class.
>
> > After the hearing, Wagoner declined to answer questions about his
> > travel.
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> > Ford CEO Mulally's corporate jet is a perk included for both he and
> > his wife along with a $28 million salary last year. Mulally actually
> > lives in Seattle, not Detroit. The company jet takes him home and back
> > on weekends.
>
> > Plants Closed, Company Jets Stay
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> > Mulally made his case Tuesday before the committee saying he's cut
> > expenses, laid-off workers and closed 17 plants.
>
> > "We have also reduced our work force by 51,000 employees in the past
> > three years," Mulally said.
>
> > Yet Ford continues to operate a fleet of eight private jets for its
> > executives. Just Tuesday, one jet was taking Ford brass to Los
> > Angeles, another on a trip to Nebraska, and of course Mulally needed
> > to fly to Washington to testify. He did not address questions
> > following the hearing.
>
> > "Now's not the time to do that sort of thing," said John McElroy of
> > the television program "Autoline Detroit."
>
> > "Now's the time to be humble and show that you're sharing equally in
> > the sacrifice," McElroy said.
>
> > GM and Ford say that it is a corporate decision to have their CEOs fly
> > on private jets and that is non-negotiable, even as the companies say
> > they are running out of cash.
>
> It's a no brainer then. =A0A good non-corporate decision would be
> not to buy their crappy gas guzzling products of greed.- Hide quoted text=
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> - Show quoted text -
I say let 'em go down the tubes. UAW workers average $81/hour, yes
per HOUR, pay and benefits combined. Makes my paltry <30K annual
salary sound like poverty level. UAW won't budge, these a-holes won't
budge, let 'em all drown together. Nardelli used to head a large
division of GE before they didn't name him to replace Jack Welch, so I
think he went to Home Depot, then where he is now. Ruthless man. As
is Jack Welch, I don't care what the rest of the world thinks.
Anyway, at least these 3's stock options are also taking a huge hit.
Unfortunately, that's the "worst" that will happen to them.
BTW, does anyone really think Kenneth Lay died of natural causes? I
think it was suicide. And a good one, at that.
Christine |
