November 20, 2008

Unbelievable

Pampered multi-millionnaires that destroyed auto industry deserve major cockpunching, not more money.

The CEOs of the big three automakers flew to the nation's capital yesterday in private luxurious jets to make their case to Washington that the auto industry is running out of cash and needs $25 billion in taxpayer money to avoid bankruptcy.

The CEOs of GM, Ford and Chrysler may have told Congress that they will likely go out of business without a bailout yet that has not stopped them from traveling in style, not even first class is good enough.

All three CEOs -- Rick Wagoner of GM FU, Alan Mulally of Fuck, and Robert Nardelli of Clueless -- shit in the face of every taxpayer by flying in corporate jets to DC. Wagoner flew in a $36 million luxury aircraft to tell members of Congress that the company is burning through cash, asking for $10-12 billion for GM alone.

Wagoner's private jet trip to Washington cost his ailing company an estimated $20,000 roundtrip. In comparison, seats on Northwest Airlines from Detroit to Washington were going online for $288 coach and $837 first class.

Fucking sell your planes, give up your corporate country-club memberships, kiss your expensive trophy mistresses goodbye, and get real, you fucking leeches.

2 comments:

Anonymous said...

And the same goes for their fucking enabling Neo-(e)con-omists. I heard 30 seconds of one of those assholes testifying to the effect that (paraphrase) 'GM can't compete with Toyota because it's labor costs are too high, which prevents GM from spending enough on R&D'. What a fucking distortion! When GM & the others were selling their behemoth SUV's a few years ago, the LAST thing on their minds was R&D -- they just wanted to pump out more SUV's (no matter what the MPG and the emissions). And if their labor costs were lower, then they would've just increased the exec salaries/perks and stock dividends. They're primarily short-term profit oriented and it's deceptive to try to talk otherwise.

Anonymous said...

(addendum to the above)
Also, if their labor costs (or any other costs) were significantly lower and they were making healthy profits, the assholes would be looking to take on debt by buying out some other company(ies) to "expand their market share" (instead of doing it by making better products like Toyota, Honda, etc do!)