I'm one for just saying "no". Unless they agree to either bankruptcy and court-ordered supervision of their business plans or a complete change of the upper tiers of management, why should our tax dollars go to support such an inept, even incompetent business?
Watching Rick Wagoner (GM CEO) this evening speak with PBS, I was struck at how many facial twitches the guy has. Made me nervous - because already I don't trust someone who isn't willing to stand up and take responsibility for his industry's and his company's failure to re-engineer their offerings. They were extremely short-sighted in concentrating on producing behemoths like the Hummer and the Escalade rather than concentrating efforts on high-mileage vehicles. Cadillacs are crap (I know, my sister has a recent one that is just terrible).
They cannot seem to build a good car with current management. Fault doesn't lie, I think, with the workers, but rather with management. Why should we reward someone like Wagoner (who has a $9M/yr salary) for failure? His head should roll if we taxpayers have to subsidize his firm.
Posted by artandscience at November 20, 2008 07:31 PM