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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOh. 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
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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Oh. My. God. (Original Post)
Initech
Nov 2012
OP
niyad
(113,105 posts)1. nobody ever said his elevator went all the way to the penthouse.
Fridays Child
(23,998 posts)4. Well put! eom
We People
(619 posts)8. Another example of how brilliant DUers are!
and I especially love it when it makes me
(OT: whatever happened to DUzys anyway?)
niyad
(113,105 posts)14. thank you. I think the person who was doing them either got tired, or very busy, and asked
if someone else could take it on. don't know what happened after that.
Perfect response!
Angry Dragon
(36,693 posts)2. Willard turned out to be the company rapist
longship
(40,416 posts)3. Jennifer Granholm nailed this at the DNC!!
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!
SunSeeker
(51,523 posts)6. That was the highlight for the DNC for me.
The place went nuts!
sheshe2
(83,669 posts)9. Thank you for sharing your awesome Ex Govenor with all of us!
Seeing the video of her speech again! She rocked the house! Jennifer was awesome!
XemaSab
(60,212 posts)7. People at the top need to tone down the excess
while people at the bottom can't pay the rent.
2on2u
(1,843 posts)10. Imagine a car stairway. The owner would be hulking after a time. n/t
truebluegreen
(9,033 posts)11. Nah, that's only for other people. n/t
MicaelS
(8,747 posts)13. The second one really gets me.
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.