Does anyone else thing this whole "Detroit CEOs take their private jets to congres"

story is completely blown out of proportion?



Their decisions affect billions of dollars and millions of workers by the minute. I wouldn't waste my time on a commercial jet or, even worse, on a 5 hour commute for some PR shots

And that's not even taking to account their financial and corporate entourage who are crucial in the turnaround plans.

 

LOL their normal day to day fuckups are much worse than any travel arrangements they could possibly make

 

the point is they are still leading a cushy life and getting paid millions for running the companies into the ground

 

The only thing the media cares about is the narrative.

 

LOL at the idea of politicians calling them out on that

 

maybe, but the current Ford CEO is the one that pulled Boeing from the bring of bankruptcy to where they are now.










making planes.

 

They knew this was coming and decided to do nothing about it. They continued raking in profits and lining their pockets until the bottom fell out, and now they want YOUR money to fix their problems. Poor managerial decision-making is the cause of their problems. Businesses that make poor decisions FAIL for a reason. Let them clean up their own mess.

 

I think it ironic coming from congress. when congress fucks up (which is constantly) they just raise taxes. they should be embarrassed.

 

I don't think it's easy for us to grasp the entire situation they deal with on a day to day basis. Running corporations as large as GM or Ford doesn't seem easy to me.

I can understand the arguments against Wagoner, but Mulally was hired as a turnaround specialist, and he's one of the most sought after CEOs after his success with Boeing. He has no personal interest vested in Ford and deserves what he's paid, as an EMPLOYEE of the company. It would be a different story if Bill Ford Jr. received the same treatment.

 

these CEO's are going to do what 99% of all CEO's do

they are going to concern themselves only with what is good for their companies in the short term so they get the largest bonus possible

 

Wow, is this still being discussed Its in most CEO's contracts that they HAVE to take private jets for security reasons.

 

When AIG's people come with their tin cups, how did they get to Washington? Do they fly private jets?

Oh thats right...for some reason that doesn't matter to the American People. But if its the American car companies coming for cash, it does matter.

America. Double Standards.

 

i know

and yes the media blows everything out of proportion.

 

thing

 

Well, they are hired as employees. I wouldn't give a shit about my job either unless I was getting paid.

Any CEO can take the trash out, but no janitor can run a company that directly ties into a nation's GDP and manufacturing prowess. I realize that fringe benefits such as bonuses should be removed, but $1 salary? Come on.

 

The only reason it was news was because someone on the Congressional Hearing asked the question. Never would have been thought about if this didn't happen

 

"missing the point"

by: hambuglar

 

Although I can see how it looks bad, I think it is a ridiculous thing to focus on considering the scale of everything else as you said.

 

And 2 top level execs can't be on the same plane in case of an accident, etc in most cases.

 

The worst of it is I heard they spent $430+ on salting the runway before they took off.

 

Public servants are getting paid far less to run the country into the same place.

 

What point am I missing? Mulally drove 5 hours in an Escape, and Wagoner in a Volt mule. That's more than 5 hours and millions of dollars wasted.

 

they should've traveled by camel. bailout cash left and right