The Three Stooges of Detroit

The pathetic performance by the CEOs (Moe, Larry, and Shemp) was almost enough to make me change my mind about supporting aid for the automakers. They were that bad. Did their PR departments have any clue how to prepare them, or did they all just go off the reservation on their own?

Did Wagoner actually object to executive removal because anyone brought in wouldn’t know what they were doing? As opposed to what? An inbred suit that saw the stock go from $90 to under $3?

Could anyone do worse?

Did Mulally actually have the nerve to answer the pay-forfeiture question with ‘I think I’m okay where I am’? Oh really? Ford closed at $1.37, and you’re okay where you are? Seriously?

An entire industry is on the brink and this is what you fools bring to the table? Are you flippin’ kidding me?

Nardelli, at least, offered up his salary. Of course, he can afford to since even with the tanking market there’s probably enough of his Home Depot golden parachute left to live on. Still, he must be given credit for doing what Larry and Shemp wouldn’t, and from what I read they didn’t even have to beat it out of him.

Regarding the private jets….one word: Netjets. Fractional ownership in executive jets; all the convenience and a very small percentage of the cost. They should (ahem) consider it.

Down here in the muck a bunch of us are being asked to make sacrifices in order to save our jobs (buh bye raises and bonuses). It’s only fitting that those in the ivory towers join in the fun.