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Old 12-05-2008 | 07:50 PM
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Cubdriver
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...Detroit News
December 3, 2008
By Tom Greenwood
Auto executives travel to D.C. by car but is it cheaper?...
I can't believe this writer is sincere with this angle. Reading this little gem of journalism I thought, why should these CEOs make so much money in the first place that their time is so costly they need to go there on a Gulfstream IV in order to save time? Why do they need to go so fast when they are at the helm of modern disasters such as the Big Three automakers? So they have time enough to contemplate how badly they are doing as CEOs?

As mascots for an industry they are helping to take down by drawing salaries of 25 Harvard MBAs combined each, they do not need to go 550 miles per hour; 60 mph will do for that sort of transportation.

I am all for free market capitalism but that is not the issue here. The issue here is a bunch of fools who are nothing but comical parodies of capitalism. They are embarrassments that happen to draw millions of dollars in annual compensation apiece.

At least the fabulous Allen Mullally of former Boeing fame volunteered to cut his whopping 25-man salary down to $1 a year until his company rises above water again and rises out of bankruptcy. Maybe he gets it as they say; I hope so.

Last edited by Cubdriver; 12-05-2008 at 07:57 PM.
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