Hypocritical CEOs

iVillage Member
Registered: 03-23-2008
Hypocritical CEOs
114
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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iVillage Member
Registered: 08-26-2007
Wed, 11-19-2008 - 3:14pm
Coulgn't agree with you more.
iVillage Member
Registered: 03-23-2008
Wed, 11-19-2008 - 3:31pm

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.


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iVillage Member
Registered: 04-09-2007
Wed, 11-19-2008 - 3:39pm

I heard something interesting the other day on our local PBS radio station.

iVillage Member
Registered: 07-19-2007
Wed, 11-19-2008 - 4:39pm
That article made me ill. I guess we see why the auto industry is running out of cash.

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iVillage Member
Registered: 03-13-2006
Wed, 11-19-2008 - 5:11pm

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."




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Edited 11/19/2008 5:19 pm ET by mommy2max111805


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iVillage Member
Registered: 05-14-2008
Wed, 11-19-2008 - 5:22pm
Maybe they should be required to get with Governor Palin. She sold the jet that was provided to her.
iVillage Member
Registered: 08-25-2008
Wed, 11-19-2008 - 5:38pm

Sorry, but by not being "fair" they are already something "far worse".


The lesson from these bailouts is "be the grasshopper".

iVillage Member
Registered: 05-14-2008
Wed, 11-19-2008 - 5:41pm

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.

iVillage Member
Registered: 04-09-2007
Wed, 11-19-2008 - 5:44pm
I believe it was $300 BILLION to that affect.
iVillage Member
Registered: 09-08-2006
Wed, 11-19-2008 - 6:08pm

<

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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