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After all they NEED their million $ salaries, bonuses and stock options...
isn't it only right to give them a bail out?
But seriously....
They should get $0, IMO. Let them build a better product and they will have no trouble competing. If Honday and Toyota can do it, so can they
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The price of anything is the amount of life you exchange for it. ~Henry David Thoreau
After all they NEED their million $ salaries, bonuses and stock options...
isn't it only right to give them a bail out?
But seriously....
They should get $0, IMO. Let them build a better product and they will have no trouble competing. If Honday and Toyota can do it, so can they
Right now Toyota and Honda control the space of fuel effiecient cars due to the quality of their car builds. The American companies used to own the truck space, until fuel efficient trucks became more important than brawn.
If gas went back to $1.50/gal, they would ramp right back up with their old strategies.
What is really killing them though, are the pensions and union concessions. The 'planned' bankrupcies that are in the works will in effect work like a bankrupcy in addressing those issues, but with the assurance that the companies will come out of it will most of the jobs intact, albeit at a reduced wage-benfit structure.
Let them go under. This is what you get when you have a company ran by greedy, short-sighted, foolish, and uninspiring CEOs, a Union that milks their company for all they are worth. The Japanese and Germans would probably love to fill the void and build more plants here.
Easy to say when you aren'tthe one thats going to be unemployed. Not to mention the long term impact on our economy.
We have given away home electronics
Textiles
tools
hardware
plastics
How many more industries can we afford to loose?
Someone mentioned germany and Japan.
Well europe is investing heavily into the aircraft industry. By this I mean a partnership with the governments of France, England and Germany. Boeing enjoys no such partnership.
When Volkswagon tanks and they have several times the German Gov steps in. Volkswagon has a lower consumer satisfaction than any of the big 3.
Japan. Japan through better trade agreements has maintained an unfair advantage over american automakers. We pay heavy tariffs as compared to what they do.
I own 2 Toyota's. I like a Toyota truck better than the American counterparts. Looks, economy, and reliability. All what makes toyota top of the game. Gm isn't far behind in reliability and the G series cars can compete against toyota and honda both for styling, fuel economy and price.
What Gm can't compete with is labor costs.
Its not all GM's CEO's fault.
The Union and their demands make it impossible to compete and make a profit.
Easy to say when you aren'tthe one thats going to be unemployed. Not to mention the long term impact on our economy.
We have given away home electronics
Textiles
tools
hardware
plastics
How many more industries can we afford to loose?
Someone mentioned germany and Japan.
Well europe is investing heavily into the aircraft industry. By this I mean a partnership with the governments of France, England and Germany. Boeing enjoys no such partnership.
When Volkswagon tanks and they have several times the German Gov steps in. Volkswagon has a lower consumer satisfaction than any of the big 3.
Japan. Japan through better trade agreements has maintained an unfair advantage over american automakers. We pay heavy tariffs as compared to what they do.
I own 2 Toyota's. I like a Toyota truck better than the American counterparts. Looks, economy, and reliability. All what makes toyota top of the game. Gm isn't far behind in reliability and the G series cars can compete against toyota and honda both for styling, fuel economy and price.
What Gm can't compete with is labor costs.
Its not all GM's CEO's fault.
The Union and their demands make it impossible to compete and make a profit.
The America average public company CEO compensation is 400 times that of the average employee... By contrast, the ratio of CEO pay to that of the average employee has remained around 22 in Britain, 20 in Canada and 11 in Japan.)
Is 1 American CEO really 20 to 40 times better than a European, Canadian or Japanese CEO?
The America average public company CEO compensation is 400 times that of the average employee... By contrast, the ratio of CEO pay to that of the average employee has remained around 22 in Britain, 20 in Canada and 11 in Japan.)
Is 1 American CEO really 20 to 40 times better than a European, Canadian or Japanese CEO?
The Japanese actually enjoy kickbacks that they don't count as a salary.
million dollar memberships to the most elite of golf courses.
Condo's in countries they do business. And yes they also use corporate jets.
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maybe we should all take up a collection...
