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Where's the foresight?

December 3, 2008 | Vetting explained

Uberman Posted by:
Uberman

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Where is the Executive foresight?  I thought CEOs were supposed have their fingers on the pulse of their respective industries.  While gas prices were climbing, while your competitors were doing something about it by offering smaller, cheaper, more-gas-efficient automobiles, you continued to try to shove your large trucks, SUVs, and all other manner of inefficient automobiles down the public's throats.  Is it any wonder your sales were tanking long before your competitors?

 

 

I believe, gentlemen, that you have failed at your jobs.  Therefore, I would be in favor of a bailout of domestic automobile makers using public monies ONLY if all of the CEOs of the companies who accept such funds agreed to resign and forgo any "golden parachutes".  After all, you get those as a reward for achievement, and this can hardly be considered that by any standard, Republican or Democrat.

 

 

What do you say to my proposal, gentelmen? Failure should not be rewarded; I'm sure you take the same attitude in managing your businesses.  Which do you truly care more about, your companies and the people they employ, or your own greed?

 

 

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