Execs don't get it...


	Execs don't get it...

earnric

3-31-2009 12:22 PM

770 views

tags:

auto industry.

earnric says:

As much as I dislike gov mettling directly in the auto industry -- sounds like Wagoner just doesn't get it.
If he wanted to save the company -- as opposed to his nice salary -- he'd have gotten a lot more serious about restructuring.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/188d5d05-b85d-4e74-b156-f6edc189e85e/868965F6-30A7-4F89-8209-7B429C9DC7B8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.msnbc.msn.com/id/29962730/" href="http://www.msnbc.msn.com/id/29962730/" style="font-size: 11px;">www.msnbc.msn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/29962730/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>We've been told over and over again that the government doesn't want to run the U.S. auto companies, but what the government is doing is no different from what any buyout fund — such as Cerberus, which bought, to its regret, the equally hopeless Chrysler — would do. It is insisting on radical restructuring (the president used the words restructure or restructuring 10 times in Monday's address), a word that everyone understands translates to shutdowns and layoffs. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/29962730/">Ironically, that's what Wagoner, Roger Smith's successor, showed himself unable to do. Just last month, Wagoner announced a plan — selling Saab, shutting Saturn — that made the cliché about shuffling deck chairs on the Titanic almost unavoidable. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/868965F6-30A7-4F89-8209-7B429C9DC7B8/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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