Monday, November 17, 2008

before throwing money at them, make them leave...

Sen. Levin: Big Three Auto CEO's Should Resign

A new era where the CEOs get a taste of what it's like to be ordinary...

Ah yes, but will Levin and the Dem leadership follow thru on doing the right thing? After all, the minority Repos are prepared to let the Big 3 die if for no other reason than to let the unions die too. Fair's fair means letting the Boards of Directors hang too.

1 comment:

Chaatoes said...

I dunno, I'm inclined to think that we should let the big 3 go into chapter 11. It won't mean that they're gone -- they can emerge at some indeterminate point in the future depending on how successfully they re-structure. Agree that the present leadership (and extant management philosophy) must go. They have steered themselves, with the help of labor, into the ground slowly over the last 30+ years. The problem is that, outside of pickup trucks and SUVs, Detroit produces too much crap under too many brands that nobody wants. Of course with fuel prices where they’ve been, even with our recent respite, SUVs will die a needed death. If the big 3 don’t come back, they’ll be plenty of employment at Toyota/Honda/Nissan/Subaru factories in the US. Maybe this will serve as the death knell for the increasingly irrelevant Great American Management-Labor Bi-Polar Cage Match of the late 20th Century….