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It's curious isn't it, it's like showing up at the food bank in a limo? While I can understand why the CEOs themselves didn't think of this, people that wealthy have such a sense of entitlement that it wouldn't occur to them. But not one of them had a new-york person on his staff who was consulted on this trip? Granted if they had flown commercial it would have been derided as a gimmick, but still, it would have looked better than flying in their company jets. A similar thing happened in the early 90s, the big 3 US CEOs flew to Japan for meetings with the Japanese to complain how Japanese imports were hurting them. An enterprising Japanese reporter pointed out that the salary of any one of the American auto CEOs was more than the combined salaries of the top 3 Japanese auto CEOs! It pretty much demolished their case, in fact it made them look ridiculous. I'm going with sense of entitlement, these people are simply so used to a life of perk and privilege that it didn't occur to them to do it any other way.
They are out of touch with reality. Some people want to blame the unions for causing the problems with the auto industry. While this might be true to a certain extent-yes the unions do hold some of the blame. Still there is plenty of blame left to go around, and these CEO's flying to a meeting with Congress in private luxury jets points to where alot of the problems are. I say give them the money but with rules. NO-and i mean absolutely no big bonuses for these CEOs-Execs of the companies until they turn things around. No more raises or bonuses for any union workers. Renegotiate the contracts until business picks up. Continue to work on developing hybrid vehicles that will attract buyers. They can do it-the technology is there. For instance Ford is releasing a hybrid version of the Fusion-it will get 9 mpg more than the Toyota Camry hybrid. Thats a step in the right direction. GM is releasing a all new Hummer. Thats a step backwards.
The new-york people are yes men. They hold 0 power. It's disgusting. GM's CEO makes $17.2 million a year in salary alone. How about a huge pay cut or how about being fired for being stupid and irresponsible? Heads should roll at the top. But they are narcissistics and think they are better than everyone else. They think they are better than their customers and vehicle consumers. They are evil monsters. They deserve nothing but they have everything. Where is justice? Asleep.
They just never would think of something like that. That is the reason they need a bail out because they don't know jack about money or how to make it go the furthest way possible.
They didn´t come begging for themselves, but putting the workers jobs on the table. They have their money tucked away and they don´t really have to worry except for the end of their little kingdoms..
One word for unions, the UAW, and all the rest of those shameless beggers: HYPOCRISY!
Decisions like that is what put them where they are in the first place.
When you are that big, and make the money they make, it is easy to start believing you are god.