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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (436395)	11/23/2008 10:08:05 PM
From: i-node	Read Replies (3) \| Respond to of 1573980

These guys have been spending millions lobbying CAFE standards in washington and for years republicans have gladly obliged them. If Toyota was building 25 flavors of SUVs and Hummers when oil hit $145 dollars a barrel, it too would have little to fall back on for survival. With their business model, $4 a gallon gas is lethal. Add a severe downfall in the economy and they are quickly in a death spiral. Unions part of the problem? Probably...but the key reason for their downfall...doubtful. As I have pointed out, Toyota, Nissan and Honda are ALL facing the same problems as the Big 3 -- EXCEPT that their labor costs are controlled. The unions are the difference. NOBODY is selling cars. It isn't just the Big 3's problem. The CEO of Nissan last week projected 11 million new car sales in the coming year. The Big Three would be able to weather this storm had they not been drained dry by bowing to the unions extortion year after year. One more thing...flying corporate jets to washington to beg for a bailout may have minor economic value but it has immense public relation disaster potential, as we have learned. That simple misjudgment tells volumes about the incompetence of the people who run these companies...and your defense of them is typical. It would have been STUPID for them to have flown coach. That they overestimated the intellect of the news media and some democrat politicians is their problem. There was absolutely no reason for them NOT to have flown in corporate jets. Top managements all over the country do it daily. You can sit on Denton Drive near Love Field in Dallas any day of the week and see hundreds and hundreds. Anything these executive morons try to peddle These people are exceptionally brilliant, even the dumb ones. You can't even fly a major international corporation into the ground without more smarts than most of you guys have. immediate dismissal of the executives who, more than any other entity, have put these companies on the path to extinction. They're scapegoats.

To: Alighieri who wrote (436395)	11/23/2008 10:50:08 PM
From: Tenchusatsu	Read Replies (5) \| Respond to of 1573980

Al, > One more thing...flying corporate jets to washington to beg for a bailout may have minor economic value but it has immense public relation disaster potential, as we have learned. True but that's just a small symptom of a larger problem. Both execs and unions reward themselves for a job poorly done. By the way, I just flew first class for the first time last weekend. It was nice, but not that big of a deal. I can see why spoiled-ass CEOs would not want to give up their private jets. Tenchusatsu P.S. - The Big Three in Detroit didn't just fail because of fuel efficiency, or else the low price of gas these days should have led to a resurgence in SUV sales.