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Initech

(100,043 posts)
Mon Nov 19, 2012, 01:00 AM Nov 2012

Oh. My. God.

I have been doing research on the bailouts and have been reading Mitt Romney's opposition column in the New York Times where he said "Let Detroit Go Bankrupt". In his own words, in this column, he wrote this:

The need for collaboration will mean accepting sanity in salaries and perks. At American Motors, my dad cut his pay and that of his executive team, he bought stock in the company, and he went out to factories to talk to workers directly. Get rid of the planes, the executive dining rooms - all the symbols that breed resentment among the hundreds of thousands who will also be sacrificing to keep the companies afloat. <-------------------

Investments must be made for the future. No more focus on quarterly earnings or the kind of short-term stock appreciation that means quick riches for executives with options.

Manage with an eye on cash flow, balance sheets and long-term appreciation. Invest in truly competitive products and innovative technologies - especially fuel-saving designs - that may not arrive for years. Starving research and development is like eating the seed corn.

http://www.nytimes.com/2008/11/19/opinion/19iht-edromney.1.17959143.html?_r=0


So if we extrapolate this, he's saying we need to get rid of symbols of excess - WHILE BUILDING A HOUSE WITH A CAR ELEVATOR!!!!
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niyad

(113,105 posts)
14. thank you. I think the person who was doing them either got tired, or very busy, and asked
Mon Nov 19, 2012, 01:28 PM
Nov 2012

if someone else could take it on. don't know what happened after that.

longship

(40,416 posts)
3. Jennifer Granholm nailed this at the DNC!!
Mon Nov 19, 2012, 01:29 AM
Nov 2012


If you haven't seen somebody bring the house down at the DNC, you have to see this. The rafters were rattling!

That's my former governor!

sheshe2

(83,669 posts)
9. Thank you for sharing your awesome Ex Govenor with all of us!
Mon Nov 19, 2012, 03:32 AM
Nov 2012

Seeing the video of her speech again! She rocked the house! Jennifer was awesome!

MicaelS

(8,747 posts)
13. The second one really gets me.
Mon Nov 19, 2012, 01:27 PM
Nov 2012
Second, management as is must go. New faces should be recruited from unrelated industries - from companies widely respected for excellence in marketing, innovation, creativity and labor relations.


Right, hire people that know marketing, but don't know shit about building cars.
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