Obama suggests some auto execs should lose jobs

Discussion in 'Economy' started by Gunny, Dec 7, 2008.

  1. Gunny
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    Gunny Gold Member

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    more ... Obama suggests some auto execs should lose jobs - Yahoo! News
     
  2. mattskramer
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    mattskramer Senior Member

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    Good! Fire them and give their money to the underlings! I wish that the big guys would be held accountable for decisions that they make. It is a shame when executives with multi-million dollar salaries make decisions that result in bad consequences for their company and not have to suffer for it. It is usually the little guy that gets hurt the worst. The peons and lackeys (the low people on the totem pole) who are struggling to make ends meet who get layoffs or pay-cuts or even lose their pensions at the hands of the rich decision makers.

    Read this example. Doesn’t it just make your blood boil?

    Yeah. We promised you a pension if you would work for us but after so many years of your valuable service, we changed our minds. We lied to you. Our more important people who screwed things up for you get your money.

    United Airlines - Wikipedia, the free encyclopedia
    Glenn Tilton - I hope you sleep well at night you @#^#%^&(#!!!!

    Sorry but this is a soapbox for me if I ever had one!!
     
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    Last edited: Dec 7, 2008
  3. TR_GOP
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    TR_GOP Member

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    Granted sometimes the entire business climate turns south or sudden shifts in a market segment catches the largest players off guard because of the organization's sheer size and complexity. I'll also acknowledge the fact CEO positions carry a weight of responsibility no one can fully appreciate from afar. Sometimes the tough decisions that affect people's lives are the right ones when the future of the company hangs in the balance. And just to be clear because I've heard it too many times before and right now I'm not in the mood; I don't envy the rich for the sake of it, nor am I a "socialist."

    Barack Obama is exactly right, and since he is preparing to accept the reins of power over an organization that dwarfs entities such as GM there's no one in a stronger position to call for accountability aside from the current officeholder (not that it'll ever cross his mind.). Obama has more conviction that any of the Democrats who's looked the other way while this Wall Street culture of greed took hold. The President administers the SEC, FTC, DOJ, and the rest of the regulatory alphabet soup tasked with overseeing trade, commerce, and industry. But Congress has oversight authority through a litany of committees and sub-committees. Not only did Bush put the interest of the few above the nation's citizens through a hands-off approach, so did Congress. At last I feel there is someone in Washington who intends to reverse course, someone who actually maintains a connection to the people when it's not election time and has the courage to use the office as a bully pulpit.

    Think about how far we've fallen over the past 20 or 30 years. The Captains of Industry are now the rats on the ship. H. Ross Perot personally saw to it that two of his employees trapped in a Terhan prison in the midst of the revolution escaped to freedom. These bozos who can't bring their limos and Gulfstreams down from orbit to consider the people and institutions they're ruining need to be shot down.

    Fire all of them, federalize the industry, and put Roger Penske in charge of the whole mess. The man knows cars, he know the value of cutting edge technology and changing markets, most importantly he knows how to win. Everybody laughed when he began initial talks with Mercedes-Benz about importing the SmartCar a few years ago. It's a Euro car, nobody will buy it. Look where his Penske Automotive Group ranks in relation to industry peers;

    Rank Company 500 rank Revenues
    ($ millions)
    1 AutoNation 138 17,950.6
    2 Penske Automotive Group 194 13,448.6
    3 Sonic Automotive 298 8,849.1
    4 Hertz Global Holdings 304 8,685.6
    5 CarMax 333 7,465.7
    6 Group 1 Automotive 379 6,393.0
    7 Avis Budget Group 411 5,986.0
    8 Asbury Automotive Group 421 5,775.9
    9 Lithia Motors 622 3,320.1
    10 PHH 687 2,920.0

    Roger Penske adds the Smart car to his $17B empire - Oct. 5, 2007
     
  4. editec
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    editec Mr. Forgot-it-All

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    Now unless we're intimately involved in the day-to-day business of running a car company none of us are qualified to say who should get the axe.

    But I do not doubt that these companies are going to downsize their upper and middle management given that they'll undoubtably be downsizing their workforce.
     
  5. Paulie
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    Paulie Platinum Member

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    Oh I think we all have a pretty good idea where to start. Obviously you start at the top where executive decisions are made, and go from there. The ones who have turned the companies into more of a financial services firm than an automobile company are probably good candidates to get axed.
     
  6. editec
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    editec Mr. Forgot-it-All

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    You see this is how I KNOW obama isn't REMOTELY a leftie.

    A real leftie would be calling for SOME BANKERS TO LOSE THEIR LIVES.

     
  7. RodISHI
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    RodISHI Gold Member

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    :clap2:

    No that would be called a true conservative. The one who preserves the lives of others.:lol:
     
  8. WillowTree
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    WillowTree Diamond Member

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    obamalama should apply the same standards to the congresscritters.. they should all lose their jobs,,
     
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  9. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    "We're going to show those fatcats a thing or two! Heads will roll! It's time for change!"

    *gives billions to shitty companies*
     
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  10. editec
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    editec Mr. Forgot-it-All

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    If a man's reach cannot exceed his grasp, then what's a revolution for?
     

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