In listening to the news, one would think that the big three's real issues are centered around the total compensation of the UWA line workers. Does anyone in the news question the executive pay? Not just at the C level, but to the huge bonus payouts to the executives and managers at all levels all while losing billions every quarter for the last how many quarters.
One could argue, its not the employee compensation but the total mismanagement of the organizations that are the root cause.
Bail them out so they can contunue to mis manage the companies?
Tuesday, November 18, 2008
Monday, November 17, 2008
Back Again
Watching what is going on in the economy and the stock markets worldwide, I thought it would be appropriate to once again open this blog. Unemployment in the US is the highest its been in years. No one in our national leadership, or should i say management because there are no national leaders, seems to understand that if our jobs are exported the economy will fail.
We're faced with an urgent crucial decision as to whether or not to bail out the Big 3 automakers. Millions could be displaced if the right decisions are not made soon, as Ford, GM and Chrysler are running out of cash. Not only the employees of the automakers will be in the unemployment lines but the millions of people who are the suppliers will be as well. Estimates of more than 2 million people will be affected.
The question is...
Is it right to bail out the automakers and to allow the top management of these companies to benefit from a bail out when its their poor leadership that put them in this mess? Had they built cars that actually attracted customers to buy their products they wouldn't be in this mess. In the late 70s the Japanese surprised the US car makers by taking a significant share of the US market. Has Detroit actually adapted?
We're faced with an urgent crucial decision as to whether or not to bail out the Big 3 automakers. Millions could be displaced if the right decisions are not made soon, as Ford, GM and Chrysler are running out of cash. Not only the employees of the automakers will be in the unemployment lines but the millions of people who are the suppliers will be as well. Estimates of more than 2 million people will be affected.
The question is...
Is it right to bail out the automakers and to allow the top management of these companies to benefit from a bail out when its their poor leadership that put them in this mess? Had they built cars that actually attracted customers to buy their products they wouldn't be in this mess. In the late 70s the Japanese surprised the US car makers by taking a significant share of the US market. Has Detroit actually adapted?
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