I Wish I Had His Faith

By
Lee Iacocca says that the Big Three Execs should not be fired as part of any loan/bailout deal:

"Having been there, I do not agree with the sentiment now coming out of Congress that the management should be changed as a condition of granting loans to the Detroit automakers," Iacocca said. "You don't change coaches in the middle of a game, especially when things are so volatile."

He added that the auto industry has been hit by an unpredictable series of events beyond its control.

"The companies may not be perfect but the guys who are running them now are the only ones with the experience and the in-depth knowledge and understanding of how the car business really works," he said. "They're by far the best shot we have for success."


While that sounds like the argument for voting Republican since 2006, Iacocca has a point.

How about a compromise: the execs leave the company, but become "consultants" to this crisis. They get paid for their consultation. And have Iacocca be the head consultant. Whoever was next in line of each company becomes that company's respective CEO.

Comments

daveawayfromhome said…
I've got a different idea: Leave them their jobs, but with a lower rate of pay and bonuses given only for long-term performance, say after five years.
If anyone should get performance bonuses for short-term gains (especially when the bonus is for "reducing costs", which nearly always means cutting labor or shipping it overseas), it should be the people in production, not the management, since they are the ones who bear the brunt of the increase in productivity.

Hell, why stop with the auto industry? Let's make that a standard practice everywhere (or at least attach that concept to financial sector bailouts).
8:08 PM
Post a Comment

Popular posts from this blog

Five Actresses Who Should Be Considered For A Wonder Woman Movie

By
Image
For being DC Comic's most recognizable female character, WW has been given the cinematic shaft for a long time. We've seen two incarnations of Lois Lane and countless Bat-groupies, but not one decent pitch for the Amazon in the big screen. And we're talking about a character who made armored underwear cool waaay before anyone heard of Princess Leia. So here's one humble man's suggestion for any future casting of the Wonder Woman movie. I really have three rules for casting: she has to be at least 5'10", under 45 and attractive enough to pass for a princess. Sandrine Holt - Age: 36, Height: 5'10", Relevant Movie/TV Roles: Resident Evil: Apocalypse & Mutant X Pros : She's played both a (doomed) reporter and a person with superpowers, so if she can play both, she's a shoe-in. Plus she's probably the least-known actress on this list, so they can two movies out of her cheap. Cons : While D.C. isn't as star-crazy as Marvel when it co...
Read more

5 Actresses Who Deserve a Bigger Break

By
Image
Being the avid movie watcher that I am, I've noticed that more than one talented actress has been passed over for other talent. And by "talent," I mean, "sex tapes that 'accidentally' made it to the Internet." Well, here's one man's humble attempt to rectify the situation. The following ladies are not only talented, but beautiful. Hollywood: get off your ass and give these women more roles. DANIELLE FISHEL Noticeable TV/Movie Appearances: Boy Meets World; both National Lampoon's Dorm Dazes The delightful Ms. Fishel has the distinction of having the weirdest named ever associated with a smart-yet-hot character (or maybe I'm the only one who has a problem saying "Topanga!" whilst in the throes of passion) as well as participating in the death of the National Lampoon Series (I personally thought it died with Chevy Chase's career; who knew?). If you were to use her IMBD page as a reference, the only real fault people seem to hav...
Read more