02 December 2008

Automakers must give up corporate jets!

Auto executives will travel from Detroit to Washington DC in their own fuel-efficient cars rather than corporate jets to ask for the $25 billion bailout from the Federal Government. When it was discovered that all three CEOs had flown in separate corporate jets to ask for the bailout dollars in November, it was a public relations disaster.

The bigwigs of General Motors, Ford and Chrysler will drive 500+ miles from Detroit to Washington to secure loans to help their companies through the recession and the worst sales downturn in 25 years. Hearings are scheduled for Thursday and Friday.

Do you sometimes feel that these CEOs do not live in the real world? Someone should check their hotels. I am sure they are not staying at the economy hotel that serves the best continental breakfast. Also, they could have carpooled.

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