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Current Events Help understand the world by talking about things happening in it |
View Poll Results: Do you support saving the US auto companies with tax payer money? | |||
I support saving any one or all of them. | 1 | 3.13% | |
I support assisting them for a limited time with a limited amount. | 11 | 34.38% | |
I don't support saving them. | 19 | 59.38% | |
I have another plan to save them from certain death (explain below) | 1 | 3.13% | |
Voters: 32. You may not vote on this poll |
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11-21-2008, 03:49 PM | #152 |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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11-22-2008, 03:40 AM | #153 | |||
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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From the NY Times of 22 Nov 2008:
Quote:
Quote:
Does anyone still foolishly think unions, Japanese competition, unfair trade, market conditions, or MBA created legacy costs are GM's problem? Those are only symptoms. GM's only solution to save GM is the Volt. Quote:
Some years ago, newspapers would be under financial attack for reporting so honestly. Slowly, facts of total and complete mismanagement, especially in the last decade, are coming to light. Name a new and successful GM model or innovation in the past decade? None. MBAs spent massively. And every product was a flop: classic symptom of MBA management that believes innovation is created by throwing money at it ... like a grenade. To show efforts to save the company, GM announced a sale of two corporate luxurious private jets. Why not all three? Rick Wagoner needs luxury, his high salary, and those bonuses that he is still scheduled to receive. Why does GM need numerous private jets? GM corporate rules require all executives to fly in private planes because commercial airplanes are deemed too dangerous. Heaven forbid they should sit next to someone who drives a car. If this was written in a novel, nobody would believe any MBAs could be this dumb. How to spell it: "employe". |
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11-22-2008, 10:36 AM | #154 |
“Hypocrisy: prejudice with a halo”
Join Date: Mar 2007
Location: Savannah, Georgia
Posts: 21,393
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This is quite entertaining.
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Anyone but the this most fuked up President in History in 2012! |
11-25-2008, 06:13 AM | #155 |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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Spin. GM announced that Rick Wagoner's pay will increase to be what it was in 2006 - $2.2million. That is a 33% salary increase. When did your employer give you or your peers a 33% salary increase?
Meanwhile, what they forgot to mention was his real paycheck. For example, when GM said his salary was lower with GM's lower expectations in 2007, his actual compensation increased 64% to $15.7million. Did they forget to mention that part? Oh. But he is important. He deserved a 64% paycheck increase. Look what he has done for the company. The average American income dropped 2% during George Jr's tenure. No wonder only the rich need a tax cut. Otherwise they - Rick Wagoner - would see their taxes increase too quickly. When Lee Iacocca saved Chrysler, he was paid $1. Well documented, the higher an executive is paid, then the worse his company performance. |
11-25-2008, 07:48 AM | #156 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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tw sounds like he's talking about an ex-wife.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
11-25-2008, 09:20 AM | #157 |
barely disguised asshole, keeper of all that is holy.
Join Date: Nov 2007
Posts: 23,401
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I'd consider a bailout IF they fired the top 10% of their management. Consider! The entitlement mentality of these guys is sickening. SO much so that they actually thought the hearings last week were a mere formality - just show up and get free money.
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"like strapping a pillow on a bull in a china shop" Bullitt |
11-25-2008, 09:25 AM | #158 |
Are you knock-kneed?
Join Date: Jul 2008
Location: Middle Hoosierland
Posts: 3,549
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I wish they would do that with the financial companies. They are still going to pay off their execs millions. Wish I could get rewarded for failure like that.
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11-25-2008, 09:38 AM | #159 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Even if they fired the top 10%, I'd still be pissed they walked away filthy rich, after screwing the company and country.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
11-25-2008, 10:49 AM | #160 |
barely disguised asshole, keeper of all that is holy.
Join Date: Nov 2007
Posts: 23,401
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Gotta start somewhere....
Oh and maybe we could investigate the shit outta them...except that would infringe on rights and stuff
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"like strapping a pillow on a bull in a china shop" Bullitt |
11-25-2008, 11:05 AM | #161 |
Why, you're a regular Alfred E Einstein, ain't ya?
Join Date: Jun 2006
Posts: 21,206
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I have trouble telling the difference between role reversal and vacillation:
85% of all problems are directly traceable to the top 10% of managers?
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A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby |
11-25-2008, 11:07 AM | #162 |
Are you knock-kneed?
Join Date: Jul 2008
Location: Middle Hoosierland
Posts: 3,549
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If the role fits....
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11-25-2008, 12:24 PM | #163 |
Why, you're a regular Alfred E Einstein, ain't ya?
Join Date: Jun 2006
Posts: 21,206
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If the role doesn't fit...use vaseline.
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A word to the wise ain't necessary - it's the stupid ones who need the advice. --Bill Cosby |
11-25-2008, 06:00 PM | #165 |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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They went to Washington in luxery jets begging with hat in hand. They had no plans to save the company. Zero. Their only plan was, "Give us the money and the company will be fixed." as an MBA would do. Same problem that Ross Perot complained about twenty years ago.
Rick Wagoner said long before going to Washington that GM had no restructuring plans. When he went to Washington, he still had no restructuring plans. GM (last I heard) is still planning to introduce a 400 Hp Camaro this January. The company is still that stupid. A responsible GM would already have plans to terminate two divisions. To eliminate about half of their SUV models. To have 20,000 Volts on the market next year. Oh. As demonstrated in the PBS TV show recently, the Volt broke down when it was to be demonstrated to PBS reporters. Nissan Infinity took only 4 years and $0.8 billion to design a car that Nissan had never designed before. Why so quickly? Because engineers - not accountants - did the design. At the same time, GM took nine years and $8billion to design a car built previously - Saturn. GM still does not have a functional Volt to show to reporters ... and no plans to restructure. More than 85% of these problems are directly traceable to that top management. Last edited by tw; 11-25-2008 at 06:28 PM. |
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