Thursday, November 27, 2008

Making Sacrifices

That word - sacrifice - is not in the lexicon of the leaders of our auto industry (or that part of the auto industry that needs and wants our help) at least as it applies to their own private finances. The head of Ford made over $21 million last year, the company lost $2.72 billion. The head of GM made over $15 million while GM lost $38.7 billion. Surprisingly, only the CEO of Chrysler, Bob Nardelli of Home Depot notoriety, comes out looking good on this question as Cerberus pays him.

As further evidence of the world in which these guys live, they all went to Washington in their private jets. Talk about being aware of impressions!

1 comment:

Flimsy Sanity said...

But you have to admit that their request for 25 billion got more adverse coverage than the 7.8 TRILLION (according to Bloomberg) that has gone to the financial industry. It kind of strikes me as funny that Congress brought up the lavish transportation when I doubt any of them fly coach. Of course the banksters didn't fly in, they already have a couple houses in DC. Just saying.