Hypocritical CEOs
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Hypocritical CEOs
| Wed, 11-19-2008 - 3:11pm |
http://abcnews.go.com/Blotter/WallStreet/Story?id=6285739&page=1
The CEOs of the Big 3 flew in their private jets to Washington to beg for a bailout. Can you imagine wasting $20,000 on a trip to your local welfare agency to plead your case for help?
This is why I don't see welfare abuse as the biggest problem facing our government when it comes to waste.






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I agree entirely. There is more than enough blame to go around. But if these CEOs are going to tuck their tails between their legs and beg for money, they should have the common courtesy to at least pretend that they are managing what little money they have left in a respectful and appropriate manner. To complain about having to lay off X amount of people and close down X amount of plants while blatantly wasting money is infuriating.
I heard something interesting the other day on our local PBS radio station.
MikieMom
MikieMom
I saw this story on GMA this morning and I was also pretty incredulous. I believe one of the CEO's defended the jet saying that their corporation "required" them to use it? (That was the gist, anyway.)
I agree the bailouts won't be fair. Some will benefit while others will suffer.
-Michelle
ETA: This quote from the article... "GM and Ford say that it is a corporate decision to have their CEOs fly on private jets and that is non-negotiable, even as the companies say they are running out of cash."
Edited 11/19/2008 5:19 pm ET by mommy2max111805
Sorry, but by not being "fair" they are already something "far worse".
The lesson from these bailouts is "be the grasshopper".
In fact I think John McCain just may have won had he followed that train of thought.
While I favored him overall I about choked during the debate where he suggested the government buying the bad mortgage debt from the homeowners or something to that affect.
<
Mulally made his case Tuesday before the committee saying he's cut expenses, laid-off workers and closed 17 plants.
"We have also reduced our work force by 51,000 employees in the past three years," Mulally said.
Yet Ford continues to operate a fleet of eight private jets for its executives. Just Tuesday, one jet was taking Ford brass to Los Angeles, another on a trip to Nebraska, and of course Mulally needed to fly to Washington to testify. He did not address questions following the hearing. >>
Hmmmm, where is the outrage
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