Auto maker CEOs flew to washington in private jet

#26
#26
How in hell are you going to ask for UAW concessions, when the auto execs proclaim their private jets as non-negotiable?

I worked for a unionized company in Phoenix back in the early 80's. The CEO and President came in from Charlotte, NC. They arrived at the same time, in separate private jets. They both had suites, not rooms, at the finest hotel in Phoenix. They visited the quarry 35 miles away from our facility. Did they drive? Hell no, a helicopter picked them up at our facility, and flew them the 35 miles. When it came time to leave, they each boarded their own jet, and flew back to Charlotte.

When they offered a .25 an hour raise at contract time. They were mystified at why the union members voted it down.

I remember reading an interview with John DeLorean. When he was an executive with GM. The company spent on average of $120. per day on lunch for the top executives.

Bottom up economics doesn't work either way you try it.
 
#27
#27
I think Congress will strip out that green crap out of the first $25B. and tell them to use that. I don't think they will get a new $25B. bailout deal, but with the burnrates $25B. won't last long, well I think it will last long enough untill Obama can get in and they will try him. (IMO)
 
#28
#28
myrobbins7 said:
I think Congress will strip out that green crap out of the first $25B. and tell them to use that. I don't think they will get a new $25B. bailout deal, but with the burnrates $25B. won't last long, well I think it will last long enough untill Obama can get in and they will try him. (IMO)
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The 25 for green was BS any way given the immediate nature of the rest of the 700B. Let Count Baracula "invest" in electric cars. Any current $ should be for immediate use and I'm not really on board with that.
 
#29
#29
Uhhh... the most overlooked aspect of these hearings today was the CEO's offering the Federal government an interest in buying a portion of eah of their companies. Willingly embracing socialism? :crazy:

Here is the truth, and you can take it to the bank. If a deal is actually struck, the Federal gov't will takeover the UAW benefits/retirement programs and have the automakers and unions come back to the table to renegotiate. They may even allow the companies to file for bankruptcy, which voids all labor agreements and come in and take them over at that point.
 
#30
#30
I'm highly skeptical that the Dem Congress and incoming Dem president will take any action that negatively impacts union power.
 
#31
#31
SavageOrangeJug said:
How in hell are you going to ask for UAW concessions, when the auto execs proclaim their private jets as non-negotiable?

I worked for a unionized company in Phoenix back in the early 80's. The CEO and President came in from Charlotte, NC. They arrived at the same time, in separate private jets. They both had suites, not rooms, at the finest hotel in Phoenix. They visited the quarry 35 miles away from our facility. Did they drive? Hell no, a helicopter picked them up at our facility, and flew them the 35 miles. When it came time to leave, they each boarded their own jet, and flew back to Charlotte.

When they offered a .25 an hour raise at contract time. They were mystified at why the union members voted it down.

I remember reading an interview with John DeLorean. When he was an executive with GM. The company spent on average of $120. per day on lunch for the top executives.

Bottom up economics doesn't work either way you try it.
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Can't help with the other issues, but most organizations have really strict rules about top execs being on the same plane.
 
#32
#32
KentheOrange said:
Can't help with the other issues, but most organizations have really strict rules about top execs being on the same plane.
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They had no problems with boarding the same helicopter.

The perks afforded some executive boggle the mind. Auto execs are some of the worst offenders.

Wagoner's private jet trip to Washington cost his ailing company an estimated $20,000 roundtrip. In comparison, seats on Northwest Airlines flight 2364 from Detroit to Washington were going online for $288 coach and $837 first class.

After the hearing, Wagoner declined to answer questions about his travel.

Ford CEO Mulally's corporate jet is a perk included for both he and his wife as part of his employment contract along with a $28 million salary last year. Mulally actually lives in Seattle, not Detroit. The company jet takes him home and back on weekends.
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How do you tell someone making $60K a year he must take wage and benefit cuts, then spend $40K a week flying an executive home and back on a weekly basis? Exactly what contribution does his wife make that affords her access to a company provided corporate jet?

SOURCE: http://abcnews.go.com/Blotter/WallStreet/story?id=6285739&page=1
 
#33
#33
KentheOrange said:
Can't help with the other issues, but most organizations have really strict rules about top execs being on the same plane.
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i love the safety argument. commercial air travel if far safer than private. if they need to take different planes that i'm sure that united or american can help them out.
 
#34
#34
volinbham said:
The 25 for green was BS any way given the immediate nature of the rest of the 700B. Let Count Baracula "invest" in electric cars. Any current $ should be for immediate use and I'm not really on board with that.
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Electric transportation for the public sector is the future of this country.
 
#36
#36
MG1968 said:
hard to imagine that ever happening with the environmentalists' consistent and illogical opposition to nuclear power.
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We have plenty of sources of electricity to tap until they eventually buy into neclear sources.
 
#37
#37
UT IE 95 said:
We have plenty of sources of electricity to tap until they eventually buy into neclear sources.
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really? then why do many of our major cities experience brownouts during peak usage, particularly during the summer months? Imagine the strain on on the grid that thousands of plug in hybrids, electric buses, etc. will add to the system.

windmills aren't going to help New York City, geothermal won't help, and neither will hydro-electric or solar. Your only three viable options are coal, natural gas or nuclear.

Natural gas powered vehicles are a better option for the future. There's no shortage of it in the US. Again, the only problem is the environmental lobby.
 
#38
#38
MG1968 said:
really? then why do many of our major cities experience brownouts during peak usage, particularly during the summer months? Imagine the strain on on the grid that thousands of plug in hybrids, electric buses, etc. will add to the system.

windmills aren't going to help New York City, geothermal won't help, and neither will hydro-electric or solar. Your only three viable options are coal, natural gas or nuclear.

Natural gas powered vehicles are a better option for the future. There's no shortage of it in the US. Again, the only problem is the environmental lobby.
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We don't have an electricity shortage if that's what you're implying. We have an electricity delivery reliability problem. That is a problem that can be fixed.
 
#39
#39
UT IE 95 said:
We don't have an electricity shortage if that's what you're implying. We have an electricity delivery reliability problem. That is a problem that can be fixed.
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I know that a lot of it is lost over the transmission lines. What are the proposals to make transmission more efficient?

again, natural gas is a far better alternative.
 
#40
#40
MG1968 said:
I know that a lot of it is lost over the transmission lines. What are the proposals to make transmission more efficient?

again, natural gas is a far better alternative.
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The delivery efficiency is bad, but the biggest problem is the reliability of the delivery. Deregulation opened the market to a bunch of yaahoos contolling the delivery. Which causes area outages and slowdowns.
 
#41
#41
It's about as bad as when they bailed out aig. Those idiots got caught the next week buying some resort or something. The big three have made their beds. They should have been trying all along to better their product, cut out the crap no one buys and focus more on what consumers want. Flying their corporate jets into washington sure helped their cause.
 
#42
#42
The arrogance and hypocrisy of the politicians is sickening. I am not for the bailout. That said, it is laughable for the politicians to call these guys out on the carpet for how they run their businesses. Exactly what does Congress succeed at? Also, you get bailouts all the time, it is called raising taxes, bunch of schmucks.
 
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