B
bemmer71
Guest
thoughts ? http://blogs.moneycentral.msn.com/topstocks/?fpn=chrysler%20gives%20bonuses%20asks%20for%20bailout
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Chrysler executives get $30 Million in bonuses while asking for bail out help ! Your
A
Al Gore is a Fraud
Guest
They deserve the money for all the responsibility they have to take.
But it's ridicoulis that they want us to bail them out then. Fuck em.
But it's ridicoulis that they want us to bail them out then. Fuck em.
C
Cherokee
Guest
This is absolutely ridiculous! I cannot believe that these executives are allowed to get away with this. People from the same company are being or have been laid off or have lost their jobs struggling to survive and then you here this. The government should take away all of the executives bonuses and give to all of the hard working laborers who worked there. Then they can get their bail out.
G
gcbtrading
Guest
I wouldn't care if they returned their salaries.
They are failed companies that will not survive. the sooner they go, the sooner we recover
No Bailout
They are failed companies that will not survive. the sooner they go, the sooner we recover
No Bailout
R
Rat
Guest
Total bs to me! No one should make that type of money in the first place. I don't care if you're Bill Gates or Mike Jordan. Does anyone need over 100k per year? No. Let THEM eat McDonald's!
S
Star
Guest
They should give it to the workers.If the workers didn't do their jobs right they wouldn't have the money and the exec's get enough stuff.
I
Improper Bostonian
Guest
At this point, who cares. There is nothing we can do about any of this. It is out of our control. I have better things to worry about.
M
mark
Guest
The bailout should be conditioned on them receiving no bonuses.
J
Jeffy
Guest
I dont have any problem with somebody negotiating whatever compensation package they can get. Now that being said, I think if the company wrote a check they cant cash, it's thier problem and should not be the burden of the taxpayers.
As for the nonsense about bailouts and how we need to prop up these failing companies; these companies promised too much money to the CEO's and the unions and want the taxpayers to come to their rescue. I say tough nuts. So what if they go out of business? Lets look at this from a free market perspective; GM goes out of business. You know what does not go away? The machinery that makes the parts, the labor that is willing to work, and the market that demands a certain product. If GM goes out of business on paper, all the elements of the business continue to exist for a crew that is better able to finagle a profit. If we let them fail, they would simply liquidate the company and a bunch of small fiscally agile start-ups could pick up the pieces and produce the same cars at prices people would be willing to pay.
The problem is that will not happen because
1: The UAW union has a powerful lobby and will strong-arm the politicians in washington, and
2: the financial sector is tied up in automaker stocks and you guessed it; they also have a powerful lobby.
As for the nonsense about bailouts and how we need to prop up these failing companies; these companies promised too much money to the CEO's and the unions and want the taxpayers to come to their rescue. I say tough nuts. So what if they go out of business? Lets look at this from a free market perspective; GM goes out of business. You know what does not go away? The machinery that makes the parts, the labor that is willing to work, and the market that demands a certain product. If GM goes out of business on paper, all the elements of the business continue to exist for a crew that is better able to finagle a profit. If we let them fail, they would simply liquidate the company and a bunch of small fiscally agile start-ups could pick up the pieces and produce the same cars at prices people would be willing to pay.
The problem is that will not happen because
1: The UAW union has a powerful lobby and will strong-arm the politicians in washington, and
2: the financial sector is tied up in automaker stocks and you guessed it; they also have a powerful lobby.
M
Mr G
Guest
That's a good question. As a matter of principle I am against the whole notion of a bailout. Detroit has failed because it lacks innovation and is successful at making only SUVs. It is now time for Detroit to reap what it has sown. But, the ramifications of letting Detroit fail are too widespread. It would impact too many workers and the collective conscience of the country as a manufacturing nation. I would like to see the industry die the death it deserves, along with the UAW, but it won't happen. I do hope that a bailout comes with restrictions, including executives receiving far more conservative salaries. Back in the day, Lee Iacocca deserved the money he got, but not these goofballs today.