DISQUS

The Washington Independent: Auto Execs Fly In Style, Then Beg

  • Colin Waters · 1 year ago
    I thought about this today over lunch. I wonder if they were staying at a run down Motel 6 across the river or if they were put up in some five-star hotel.
  • ajm8127 · 1 year ago
    If they give them any money, there had better be some actual oversight on how it is spent. Maybe they could learn a few things from AIG.
  • gilmanc · 1 year ago
    If it saves them 4 hours to be working on a way to fix this (the four hours of having to wait in the airports and get through security), I don't have that much of a problem with it. The bigger issue is whether their personal compensation will be kept intact.

    Let's not lose sight of the fact that we shouldn't punish the entire industry for what these guys do.
  • AJ · 1 year ago
    You figure these guys are getting paid roughly $10,000 - $20,000 an hour so the plane trip is really irrelevant viewed along those lines, but this is why they should get no aid from the government. Do whatever you want on with your own money, but when you start spending taxpayer money it's a totally different story.

    If they are going to accept government aid though, they need to gut out these charlatan execs that clearly know nothing about managing a company. Of course, they don't care about the company, but only about their lifestyle. I seriously doubt they would see to there own demise in the interest of the company.
  • Jason · 1 year ago
    How much time is lost by the GM representatives when they have to check in for a flight two hours early, or when the GM representatives are not to talk about business during the flight due to insider trading concerns?

    The question is what is lost? When 12 people fly on a private jet it costs about $20,000. When 12 fly commercially to DC it costs about $12,000. Is a $8,000 savings worth the time lost?

    Isn't it really worth it in the long run?

    http://nomedals.blogspot.com
  • detector · 10 months ago
    certainly they are not going to give up their lifestyle!