Turns out the big wigs at the Big 3 automakers begging for taxpayer money all arrived in Washington on separate private jets.
They still have a long way to go before they can say they are on an austerity budget. Sell the fucking planes. If you absolutely need to be somewhere, rent one. The President of Ford "needs" his because his family still lives in Seattle and he commutes to Detriot. It's called relocation, people.
It frustrates me that so many jobs are going to go down the tubes, the economy in general included, because of these dolts that seemingly can't see beyond the end of their nose or their personal bank accounts.
We need a shareholder revolt in this country. If you pull this shit, you get removed.
Thursday, November 20, 2008
Big 3 Buffoons Descend On Washington
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2 comments:
Of course, it's shareholders who are to blame for the entire current financial crisis. They're the ones who insist on the maximum profits, no matter how untenable that degree of growth is or what damage it does to the long-term life of a company and therefore their own dividends.
Greed makes people very short-sighted.
Michael has a good point, but I'd draw a distinction between little guy investors like myself who are in it for the long haul, and the greedhead institutional investors. They're the ones shooting at the CEOs' feet every quarter shouting, "Dance!"
--Alex
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