The CEOs of the Big 3 automakers apparently got the hint and traveled to Washington by hybrid vehicles for another round of pleading for monetary assistance.
November auto sales were absolutely dismal, and new restructuring plans were submitted that included plant closings, layoffs as well as shrinking dealer networks. This made me think of a video clip I recently saw that focused on a different type of CEO with a total different mindset. Take a look:
http://www.flixxy.com/japan-airlines-ceo-work-ethics.htm
I bet you would never see this in the U.S. no matter how difficult the financial times for a company might be.
Comments 2
OK, let’s see if we’ve got a little math right:
The CEOs of the once big 3 save approx. $20K each by driving rather than flying corporate jets to the D.C.
And this $60K contribution to cost cutting brings with it approx. $9B more in requests for funding.
That’s scalability!
G.H.
My bailout solution:
Bail out Ford and Chrysler and let GM go bankrupt.
Ford and Chrysler are begging for a lot less than GM, and might really become competitive with GM out of the picture.