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Name:
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Talullahhound
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Subject:
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Is it?
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Date:
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3/31/2009 11:01:31 AM
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I'm not saying that he shouldn't be paid it, if that is what his contract stated. But again, the public face on it shows another CEO being "rewarded" for heading up a failing company.
Now, is it all his fault? Probably not. But when you are the CEO and the bad things reach a boiling point on your watch, then you are to blame. That's why they get paid the big bucks... when the news is good, they get to take the credit; and when they are bad, they take the blame.
I think his being forced out is just "window dressing" -- unless of course, he folded his arms and said that there wasn't anything more that could be done. At one point in my career (1989-1995) I did a lot of business with the big defense contractors in Detroit -- builders of tanks. I have to say that they did some of the dumbest things -- things you wouldn't expect big companies to do. And when it went to h*ll, they cried louder than anyone. It just defied common business sense. Now, I don't know about the car manufacturers, but it makes me wonder.
But, now that the government will fix my car if it goes bad, I think I'll go by a GM product today... Do you suppose they'll turn Anniston Army Depot into a car repair facility?
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