Summary
Ways to jump-start Big Three CEOs' proposals
I have been a proponent of the market economy but, unfortunately, the automobile CEOs seem to have never heard of the concept. They are trying to make an end run and are being spurned, as they should be. Congress is holding their feet to the fire and making them come up with a plan. I am suggesting the following:See the full content of this document
Extract
Sunday Symposium Automaker Bailouts
1) Get rid of all corporate jets and fly commercially.
2) No more bonuses for anyone in the corporation.3) A reduction in pay of 15% to 20% for all salaried personnel.4) A reduction in pay of 10% per hour for all hourly paid workers.5) A reduc...See the full content of this document
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