AUTOS: Big Three CEOs may carpool to D.C. (Tuesday, November 25, 2008)
The CEOs of Detroit's Big Three automakers may return to Washington, D.C., via carpool, after being skewered for taking separate corporate jets last week to Capitol Hill to ask for a $25 billion government bailout.
The three CEOs, General Motors Corp.'s Rick Wagoner, Chrysler LLC's Robert Nardelli and Ford Motor Co.'s Alan Mulally, spent the weekend e-mailing and discussing setting up a giant caravan for the Washington trip after the CEO of Dura Automotive Systems, a parts maker, suggested it so that Congress can see the many people who depend on the auto industry for their livelihoods.
The automakers have been lobbying Congress for the loan to help them survive the worst auto industry sales in a quarter century. But after their first hearing, Congress abandoned the vote and criticized the CEOS for lavish corporate travel and poor business plans.
The automakers will submit restructuring plans that Congress demanded by Dec. 2 (Tom Krisher, AP/Houston Chronicle, Nov. 25). -- HDM
11.25.2008
Take the HOV
(via Medium) I love it. I know it's symbolic, but still - the millionaire beggars should at least pretend to be in-touch with the taxpayers' they're panhandling.
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I think they should go in a regular cab truck. If they want staff or anyone else to come, they can put a camper shell on the truck. They can argue and piss and moan about who gets to drive or ride shotgun and who all will have to ride in the bed with the duffel bags and cooler.
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