“First Class not good enough for auto execs..”
Hard to feel sorry for these 3 CEOs (who each make tens of millions of dollars a year in salaries) who flew to Washington to testify before Congress – with hats in hands begging for a public bailout in the amount of $25 billion, and yet they flew there in their private jets at a cost estimated at $20,000 round trip..
Each…
On the other hand:
Alan Mulally, CEO of Ford, understands the importance of symbolic gestures and public relations. Yesterday, for example, when he arrived on Capitol Hill, hat in hand, hoping to convince lawmakers to help bail out American auto manufacturers, he arrived in a new Ford Fusion Hybrid. Ford’s media team, of course, made sure reporters knew about this..
Hello… What’s the point..
ABC News Report: Watch video at the source – It’s quite telling.
At the Congressional hearing today:
Some lawmakers lashed out at the CEOs of the Big Three auto companies Wednesday for flying private jets to Washington to request taxpayer bailout money.
“There is a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hand, saying that they’re going to be trimming down and streamlining their businesses,” Rep. Gary Ackerman, D-New York, told the chief executive officers of Ford, Chrysler and General Motors at a hearing of the House Financial Services Committee.
“It’s almost like seeing a guy show up at the soup kitchen in high hat and tuxedo. It kind of makes you a little bit suspicious.”
He added, “couldn’t you all have downgraded to first class or jet-pooled or something to get here? It would have at least sent a message that you do get it.”
Rep. Brad Sherman, D-California, asked the three CEOs to “raise their hand if they flew here commercial. Let the record show, no hands went up. Second, I’m going to ask you to raise your hand if you are planning to sell your jet in place now and fly back commercial. Let the record show, no hands went up.”
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