I personally have no problems with Ford or GM having corporate jets for their executives, if their work demands it, so be it.
However, I do have major problems with their Union employees who earn money for hours they don’t even work.
Either way, this latest business decision by GM’s head honchos is just infantile. If they want to give up their private jets, fine, but to have their Chief Executive travel by road from Detroit to DC is a complete waste of his time, and the taxpayer dime on which he intends to work (if his bailout request is successful).
I mean, how much work could he possibly be able to do on a long haul road trip, secondly, even if he does manage to do a lot of work, how alert would he be when he gets to his destination? Thirdly, except if he is driving himself, why waste all that money paying a driver, buying gas, and paying tolls on what is basically a pointless commute?
The plan Ford is presenting to Congress this week also says it will cancel all management employees’ 2009 bonuses and will not pay any merit increases for its North American salaried employees next year. Mulally said in an interview Tuesday that Ford will emphasize its cost cutting efforts with the United Auto Workers union and will give much more detail to Congress than it did during a visit earlier this month. The company also will accelerate plans to roll out electric cars as part of the plan it will present to Congress this week. Mulally says Ford has said it has enough cash to make it through 2009 and may not need government help.
Top executives at the Big Three U.S. automakers are returning to Congress for hearings on Thursday and Friday. They are seeking the bailout loans to help them through the recession and the worst sales downturn in 25 years. A GM spokesman says Chief Executive Rick Wagoner will travel to Washington, D.C., by car instead of flying a commercial airline or corporate jet.
My suggestion, why not cut all the BS and simply ride a horse drawn carriage, or better yet, on the back of a black donkey to DC?
Posted by PUMA Pundit
Tweet This Post 
Plurk This Post 
Buzz This Post 
Delicious 
Digg This Post 
Ping This Post 
Reddit This Post 
Stumble This Post
Recent Comments