Why Bankruptcy Is the Best Option for GM

[Tuff Gong]

Re: Why Bankruptcy Is the Best Option for GM

I keep wondering why the conversations always flow to the worst sins of politicians and the worst aspects of earning and/or living well
I actually see nothing wrong with being rich and I respect everything about someone choosing to be a Politician. Maybe if more people took some time out to send the right folks to Washington the world would have been a better place.

As for the Motor Companies as I have said before I have no great love for <span style="font-weight: bold">Detroit</span> because it has stood in the way of progress in this country and for decades, but I think we have look at the matter a little deeper than trashing the Executive about their pay packages. Two of the mangers were not even Detroit types; they weren’t around when the stuff started going wrong in fact they were hired to right the ship at their various concerns.

It should not be about them personally, it is the whole culture of the USA Car Manufacturers and how they try to interpret the taste and driving habits of the USA Consumers. Apparently they did a bad job, but they did a bad job as a group, not just the 3 rich guys. The whole of Detroit was in trouble and the signs were on the wall but the Credit crunch dug them deeper and I think they might deserve some sympathy.

[ILP]

Re: Why Bankruptcy Is the Best Option for GM

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body">I keep wondering why the conversations always flow to the worst sins of politicians and the worst aspects of earning and/or living well
I actually see <span style="font-weight: bold">nothing wrong with being rich and I respect everything about someone choosing to be a Politician. Maybe if more people took some time out to send the right folks to Washington the world would have been a better place.</span>
<span style="font-weight: bold">As for the Motor Companies as I have said before I have no great love for <span style="font-weight: bold">Detroit</span> because it has stood in the way of progress in this country and for decades,</span> but I think we have look at the matter a little deeper than trashing the Executive about their pay packages. Two of the mangers were not even Detroit types; they weren’t around when the stuff started going wrong in fact they were hired to right the ship at their various concerns.

It should not be about them personally, <span style="font-weight: bold">it is the whole culture of the USA Car Manufacturers and how they try to interpret the taste and driving habits of the USA Consumers. Apparently they did a bad job,</span> but they did a bad job as a group, not just the 3 rich guys. <span style="font-weight: bold">The whole of Detroit was in trouble and the signs were on the wall but the Credit crunch dug them deeper</span> and I think they might deserve some sympathy. </div></div>

[Gen]

Re: Why Bankruptcy Is the Best Option for GM

yes but dont the argument that mi hear people a mek is dat &quot;if americans didnt want the big SUV dem the big 3 would not have produced them ?&quot;


so what mi hearing is that there was no market fi fuel efficent cars

[RichD]

Re: Why Bankruptcy Is the Best Option for GM

it wasn't a top priority for the majority of north Americans..those who want fuel efficient cars bought civics or carollas

[Tuff Gong]

Re: Why Bankruptcy Is the Best Option for GM

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">yes but dont the argument that mi hear people a mek is dat &quot;if americans didnt want the big SUV dem the big 3 would not have produced them ?&quot;


so what mi hearing is that there was no market fi fuel efficent cars
</div></div><span style="font-family: 'Arial Black'">Detroit</span> is very good at Push Marketing. For decades GM did what is could to block unleaded fuel. The Big Three blocked Seat Bleat and other Consumer Safety Devices for years and Ford's infamous Pinto edict is still the defining document on how to dump on your own customers. In the face of the success of Japanese Products their argument should be seen for what it is.... <span style="font-family: 'Arial Black'">just bull</span>!

[Gen]

Re: Why Bankruptcy Is the Best Option for GM

so in essence the big three are blaming their demise on the consumer ?

Yes I remember reading about the pinto in my business ethics book donkey years ago, classical example of ethics gone wrong. memories mi a tell yuh.

[Tuff Gong]

Re: Why Bankruptcy Is the Best Option for GM

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">so in essence the big three are blaming their demise on the consumer ?

Yes I remember reading about the pinto in my business ethics book donkey years ago, classical example of ethics gone wrong. memories mi a tell yuh. </div></div>....I doubt they could get away with trying to blame the consumer. The Big Three problems minus the latest credit problems resides solely in Detroit.

[Gen]

Re: Why Bankruptcy Is the Best Option for GM

GM to return two leased jets amid criticism



DETROIT (Reuters) – General Motors Corp(GM.N) will return two of its leased corporate jets amid intense criticism in Washington this week on the luxury travel arrangements of its chief executive even as the company pleads for federal aid.

CEO Rick Wagoner was in the capital to testify on the company's dire financial situation but his testimony was overshadowed by irate lawmakers who blasted him for flying on a private jet to ask for public funds and failing to make personal sacrifices in exchange for federal assistance.

Chief executives from Ford Motor Co(F.N), and Chrysler LLC, who were also there to plead for $25 billion in federal aid, came under fire too for flying to Washington in private jets.

GM spokesman Tom Wilkinson said on Friday GM decided to return the aircraft because of a &quot;really aggressive cutback in travel.&quot; <span style="font-weight: bold">really</span>

The company, which is in a cost-cutting mode, is scrutinizing every trip, he said, but declined to disclose the name of the company it leases the airplanes from.

Wilkinson said the decision to return the leased corporate jets was made before this week's hearings and that the company in September returned two other of the seven jets it had at the beginning of the year.

&quot;There is a perception issue,&quot; Wilkinson said of Wagoner's travel to Washington on a private jet. &quot;We need to be very sensitive to that going forward.&quot;

He, however, said the company has not decided on what mode of transportation Wagoner would take if had to travel to Washington again.

Wagoner and Ford CEO Alan Mulally are required by their companies to fly by private aircraft for security reasons, according to company documents filed with the U.S. Securities and Exchange Commission.

The policy for Chrysler CEO Robert Nardelli is not required to be disclosed because the company is not publicly traded.

Skeptical lawmakers took to task the three CEOs for their luxurious travel arrangements at congressional committee hearings.

&quot;Couldn't you have downgraded to first class or something, or jet-pooled or something to get here?&quot; Rep. Gary Ackerman, a New York Democrat, asked the executives at a hearing held by the U.S. House Financial Services Committee.

Even Democrats who said they were sympathetic to the automakers' plight expressed frustration that the executives used private jets while professing ruthless cost-cutting measures.

A Chrysler spokesman said the automaker also leases or charters jets. He, however, declined to comment on whether the company was rethinking the use of private jets for executive travel, saying it was a &quot;private matter.&quot;

Ford did not have an immediate comment on its corporate jet policy.

According to Ford's proxy, CEO Mulally's compensation included $752,203 in 2007 for personal use of company aircraft.

<span style="font-weight: bold">About two years ago, the head of Ford's North American operations, Mark Fields, gave up use of a corporate jet for personal travel to his home in Florida after the arrangement came under criticism at a time when the automaker was losing billions and slashing jobs.</span>

He now flies first class on commercial planes.

really

<span style="font-weight: bold">why do i keep hearing the use of private jet as a security concern ? dem a gwaan like is S america dem live weh kidnapping a everyday ting </span>

[Emperah]

Re: Why Bankruptcy Is the Best Option for GM

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">
<span style="font-weight: bold">why do i keep hearing the use of private jet as a security concern ? dem a gwaan like is S america dem live weh kidnapping a everyday ting </span>

</div></div>

cause it is a fact.
mi fadda onetime tell mi bout how all these executives were on one plane and it went down an nuff a dem dead and nuff knowledge bout the biz went wid dem.

From that time they don't put more than so many executive pan on plave.

Also if dem tree man did guh pan de same plane ppl wouldan seh dat dem in cahoots.

eedah way dem wouldan find sum foolishness fi seh.

[Gen]

Re: Why Bankruptcy Is the Best Option for GM

mi SEH if a medellin dem live bout security issues.



<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: dahJahPawtTwo</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gen</div><div class="ubbcode-body">
<span style="font-weight: bold">why do i keep hearing the use of private jet as a security concern ? dem a gwaan like is S america dem live weh kidnapping a everyday ting </span>

</div></div>

cause it is a fact.
mi fadda onetime tell mi bout how all these executives were on one plane and it went down an nuff a dem dead and nuff knowledge bout the biz went wid dem.

From that time they don't put more than so many executive pan on plave.

Also if dem tree man did guh pan de same plane ppl wouldan seh dat dem in cahoots.

eedah way dem wouldan find sum foolishness fi seh.

</div></div>

[Emperah]

Re: Why Bankruptcy Is the Best Option for GM

dwl how yuh fi ask dat when dem tek dung de world trade, wah dat fi mean

[RichD]

Re: Why Bankruptcy Is the Best Option for GM

so dem work in seperate buildings too?

[Emperah]

Re: Why Bankruptcy Is the Best Option for GM

who GM execs?

[RichD]

Re: Why Bankruptcy Is the Best Option for GM

yes..di ones wid di security concern so they dont travel together

[Emperah]

Re: Why Bankruptcy Is the Best Option for GM

dwl, they very well could GM headquartes has atleast 6 different buildings