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View Full Version : US Automaker CEO's could learn something from this guy.....

MothBalls
11-25-08, 03:40 PM
http://www.youtube.com/watch?v=WYSZ8TUa3Vg

I still say any corporation who accepts $1 or more in bailout money should have every executive salary and perk cut to a reasonable level. In some cases, a refund wouldn't be out of line.
Sailor Steve
11-25-08, 03:48 PM
I'm with ya there. This guy knows how it should be done. I have to wince at the CEOs being raked over the coals by congressmen who vote their own pay raises, though.
AVGWarhawk
11-25-08, 03:50 PM
I do not understand why the CEO get the big bucks. More often than not, the secretaries run the company.
bookworm_020
11-25-08, 04:33 PM
Glad to see some CEO's willing to be transperent is what they will do and receive in payouts when public money has been used to keep the company going:yep:

http://www.smh.com.au/news/world/under-fire-chief-executive-bows-to-pressure/2008/11/26/1227491577063.html

There are plenty of other CEO's who could take a page or two out of his book!
UnderseaLcpl
11-25-08, 06:07 PM
I'm with ya there. This guy knows how it should be done. I have to wince at the CEOs being raked over the coals by congressmen who vote their own pay raises, though.

I have to wince at CEO's talking to congress at all. The average American has enough trouble making prudent decisions in the political and business arenas without the leaders of either conspiring.

Call me crazy, but I'm pretty sure that no branch of government has, or was ever intended to have, the authority to pick winners in the free market. Doing so is tantamount to economic centralization.

With President-elect Barack Obama standing at the threshold of the U.S. executive branch, I've heard a lot of concern over bipartisian policies and how to overcome political dissent in the interests of the nation. It is my opinion that we should take a step back and ask ourselves why, exactly, any branch of the Federal government should be allowed to decide said policies in the first place. The only mandate they have to do so is borne form our complacency, and even if this administration, or the next or the next should succeed, what happens when the powers we have given them are inevitably abused?

Think about that, America, before you entrust your life to those who would do what is best for you.