Big Three CEOs Flew Private Jets to Plead for Public Funds

[freegeeks]

Linky

Is anyone taking these top business execs seriously anymore. Ford, GM and Chrysler are all running an expensive fleet of business jets while they are bleeding money like crazy

 

[DealMonkey]

:thumbsdown:

If they've got their hands out, looking for taxpayer money, they better damn well be flying coach.

 

[Quixfire]

I find it funny that most people think they flew all alone. What about all the staff that came with them. How about the fact that there time is worth more than the cost of a private jet verses them sitting in an airport waiting for their flight to take off?

BTW, I don't think lending the Big 3 any amount of money will save their companies.

 

[boomerang]

Ask the Senators and Congressmen that grilled them how many times they've been on said corporate jet. I'm guessing they won't want to answer.

 

[LegendKiller]

A coworker mentioned what Mullali said when asked about reducing his compensation...

"I think I'm OK where I am."

Ok, so let me get this straight. You made $21MM last year while not being able to fix one damn thing at Ford and the company is nearing penny stock status and you think you're OK where you're at?

Sure sparky.

 

[WaTaGuMp]

Originally posted by: DealMonkey
:thumbsdown:

If they've got their hands out, looking for taxpayer money, they better damn well be flying coach.

Screw that, they should be walking.

 

[her209]

Originally posted by: WaTaGuMp
Screw that, they should be walking.

They should be in prison.

 

[mugs]

Originally posted by: Quixfire
I find it funny that most people think they flew all alone. What about all the staff that came with them. How about the fact that there time is worth more than the cost of a private jet verses them sitting in an airport waiting for their flight to take off?

BTW, I don't think lending the Big 3 any amount of money will save their companies.

Yup. If a CEO makes $10 million, their time is worth $4807/hr assuming a standard 40 hour work week (of course a CEO's job never really ends, but 40 hours is the standard so I used that). Flying coach, while an appropriate punishment, is not cost-effective. When you add in the fact that they rarely travel alone, private planes make even more sense. A private jet saves money.

Do these guys deserve to make whatever they're making when their companies are failing? Probably not, but good luck finding someone who is capable of turning around a billion dollar corporation who will work for $100k/yr.

 

[CPA]

And yet the Dems want to bail them and the union cronies out.

 

[freegeeks]

Originally posted by: LegendKiller
A coworker mentioned what Mullali said when asked about reducing his compensation...

"I think I'm OK where I am."

Ok, so let me get this straight. You made $21MM last year while not being able to fix one damn thing at Ford and the company is nearing penny stock status and you think you're OK where you're at?

Sure sparky.

LOL

most of these execs have lost touch with the real world a long time ago
I'm all for an entrepeneur making billions but these "professional" managers are a bunch of greedy assholes. They pat each other on the back while raping companies and shareholders

 

[freegeeks]

Originally posted by: mugs

Originally posted by: Quixfire
I find it funny that most people think they flew all alone. What about all the staff that came with them. How about the fact that there time is worth more than the cost of a private jet verses them sitting in an airport waiting for their flight to take off?

BTW, I don't think lending the Big 3 any amount of money will save their companies.

Yup. If a CEO makes $10 million, their time is worth $4807/hr assuming a standard 40 hour work week (of course a CEO's job never really ends, but 40 hours is the standard so I used that). Flying coach, while an appropriate punishment, is not cost-effective. When you add in the fact that they rarely travel alone, private planes make even more sense. A private jet saves money.

Do these guys deserve to make whatever they're making when their companies are failing? Probably not, but good luck finding someone who is capable of turning around a billion dollar corporation who will work for $100k/yr.

Warren Buffet has a salary of 100k
most CEO are overpaid for their performance

 

[LegendKiller]

Originally posted by: mugs

Originally posted by: Quixfire
I find it funny that most people think they flew all alone. What about all the staff that came with them. How about the fact that there time is worth more than the cost of a private jet verses them sitting in an airport waiting for their flight to take off?

BTW, I don't think lending the Big 3 any amount of money will save their companies.

Yup. If a CEO makes $10 million, their time is worth $4807/hr assuming a standard 40 hour work week (of course a CEO's job never really ends, but 40 hours is the standard so I used that). Flying coach, while an appropriate punishment, is not cost-effective. When you add in the fact that they rarely travel alone, private planes make even more sense. A private jet saves money.

Do these guys deserve to make whatever they're making when their companies are failing? Probably not, but good luck finding someone who is capable of turning around a billion dollar corporation who will work for $100k/yr.

None of these jokers are capable of turning a go-cart around, let alone one of these f'd up companies.

Personally, every single one of these guys should be whacked.

 

[Vette73]

Originally posted by: CPA
And yet the Dems want to bail them and the union cronies out.

Oh geeze.. take your troll post else where.

The Dems have the majority and they even they admit there are not enough votes to pass a Auto bailout.

 

[Genx87]

Originally posted by: freegeeks

Originally posted by: mugs

Originally posted by: Quixfire
I find it funny that most people think they flew all alone. What about all the staff that came with them. How about the fact that there time is worth more than the cost of a private jet verses them sitting in an airport waiting for their flight to take off?

BTW, I don't think lending the Big 3 any amount of money will save their companies.

Yup. If a CEO makes $10 million, their time is worth $4807/hr assuming a standard 40 hour work week (of course a CEO's job never really ends, but 40 hours is the standard so I used that). Flying coach, while an appropriate punishment, is not cost-effective. When you add in the fact that they rarely travel alone, private planes make even more sense. A private jet saves money.

Do these guys deserve to make whatever they're making when their companies are failing? Probably not, but good luck finding someone who is capable of turning around a billion dollar corporation who will work for $100k/yr.

Warren Buffet has a salary of 100k
most CEO are overpaid for their performance

That is disingenuous. Buffet makes his money from his investments. CEO's do this as well and you guys piss and moan about them when they cash in.

 

[StageLeft]

Originally posted by: boomerang
Ask the Senators and Congressmen that grilled them how many times they've been on said corporate jet. I'm guessing they won't want to answer.

:thumbsup:

The point about their hourly pay is important, but in the case of the Big3 these guys seem to not be helping much, so in fact it may be possible to argue that the more time they spend on the tarmac in coach next to a screaming kid, the better their company will do.

In any case, I don't imagine they stayed in a $120/night room, either.

 

[Genx87]

Originally posted by: Skoorb

Originally posted by: boomerang
Ask the Senators and Congressmen that grilled them how many times they've been on said corporate jet. I'm guessing they won't want to answer.

:thumbsup:

The point about their hourly pay is important, but in the case of the Big3 these guys seem to not be helping much, so in fact it may be possible to argue that the more time they spend on the tarmac in coach next to a screaming kid, the better their company will do.

In any case, I don't imagine they stayed in a $120/night room, either.

What I find amusing is the lefties who rush to the defense of these companies while the execs do this. Then those same lefties will attack Walmart when their executives fly commerical and share 100 dollar motel 8 rooms.

 

[BrunoPuntzJones]

Originally posted by: Genx87

Originally posted by: freegeeks

Originally posted by: mugs

Originally posted by: Quixfire
I find it funny that most people think they flew all alone. What about all the staff that came with them. How about the fact that there time is worth more than the cost of a private jet verses them sitting in an airport waiting for their flight to take off?

BTW, I don't think lending the Big 3 any amount of money will save their companies.

Yup. If a CEO makes $10 million, their time is worth $4807/hr assuming a standard 40 hour work week (of course a CEO's job never really ends, but 40 hours is the standard so I used that). Flying coach, while an appropriate punishment, is not cost-effective. When you add in the fact that they rarely travel alone, private planes make even more sense. A private jet saves money.

Do these guys deserve to make whatever they're making when their companies are failing? Probably not, but good luck finding someone who is capable of turning around a billion dollar corporation who will work for $100k/yr.

Warren Buffet has a salary of 100k
most CEO are overpaid for their performance

That is disingenuous. Buffet makes his money from his investments. CEO's do this as well and you guys piss and moan about them when they cash in.

Well, if you paid the guys in stock and $100,000 salaries instead of $20M, seems like it'd be a bigger incentive for them to get the stock price up...

 

[freegeeks]

Originally posted by: Genx87

Originally posted by: freegeeks

Originally posted by: mugs

Originally posted by: Quixfire
I find it funny that most people think they flew all alone. What about all the staff that came with them. How about the fact that there time is worth more than the cost of a private jet verses them sitting in an airport waiting for their flight to take off?

BTW, I don't think lending the Big 3 any amount of money will save their companies.

Yup. If a CEO makes $10 million, their time is worth $4807/hr assuming a standard 40 hour work week (of course a CEO's job never really ends, but 40 hours is the standard so I used that). Flying coach, while an appropriate punishment, is not cost-effective. When you add in the fact that they rarely travel alone, private planes make even more sense. A private jet saves money.

Do these guys deserve to make whatever they're making when their companies are failing? Probably not, but good luck finding someone who is capable of turning around a billion dollar corporation who will work for $100k/yr.

Warren Buffet has a salary of 100k
most CEO are overpaid for their performance

That is disingenuous. Buffet makes his money from his investments. CEO's do this as well and you guys piss and moan about them when they cash in.

Buffet started his company with his own sweat, blood and tears. He's an entrepeneur just like the Bill Gates of this world. He deserves his billions. Most of these retard CEO have NEVER started a business of their own. They are in their CEO position because of their network, not because they bring something to the table. It's an old boys club of me-know-you and they rape companies and shareholder for millions.

 

[Zenmervolt]

Originally posted by: LegendKiller
A coworker mentioned what Mullali said when asked about reducing his compensation...

"I think I'm OK where I am."

Ok, so let me get this straight. You made $21MM last year while not being able to fix one damn thing at Ford and the company is nearing penny stock status and you think you're OK where you're at?

Sure sparky.

Because, when a company has R&D for new cars that can last 5+ years before a new platform is introduced, it's perfectly reasonable to expect a company to turn itself around immediately. :roll:

I also love the insinuation that Ford hasn't turned around at all. The Focus is a great car. The Fusion bests or matches anything Japan has to offer. The redesigned Taurus is a great car. Of course, no-one bothers to take note of those things.

ZV

 

[Genx87]

Originally posted by: BrunoPuntzJones

Originally posted by: Genx87

Originally posted by: freegeeks

Originally posted by: mugs

Originally posted by: Quixfire
I find it funny that most people think they flew all alone. What about all the staff that came with them. How about the fact that there time is worth more than the cost of a private jet verses them sitting in an airport waiting for their flight to take off?

BTW, I don't think lending the Big 3 any amount of money will save their companies.

Yup. If a CEO makes $10 million, their time is worth $4807/hr assuming a standard 40 hour work week (of course a CEO's job never really ends, but 40 hours is the standard so I used that). Flying coach, while an appropriate punishment, is not cost-effective. When you add in the fact that they rarely travel alone, private planes make even more sense. A private jet saves money.

Do these guys deserve to make whatever they're making when their companies are failing? Probably not, but good luck finding someone who is capable of turning around a billion dollar corporation who will work for $100k/yr.

Warren Buffet has a salary of 100k
most CEO are overpaid for their performance

That is disingenuous. Buffet makes his money from his investments. CEO's do this as well and you guys piss and moan about them when they cash in.

Well, if you paid the guys in stock and $100,000 salaries instead of $20M, seems like it'd be a bigger incentive for them to get the stock price up...

I agree but then you have people whining about CEO's only in it for a short term gain to boost their incomes.

 

[TallBill]

Originally posted by: BrunoPuntzJones

Well, if you paid the guys in stock and $100,000 salaries instead of $20M, seems like it'd be a bigger incentive for them to get the stock price up...

True, he also might illegally drive prices up with false reports and sell high

 

[freegeeks]

Originally posted by: Zenmervolt

Originally posted by: LegendKiller
A coworker mentioned what Mullali said when asked about reducing his compensation...

"I think I'm OK where I am."

Ok, so let me get this straight. You made $21MM last year while not being able to fix one damn thing at Ford and the company is nearing penny stock status and you think you're OK where you're at?

Sure sparky.

Because, when a company has R&D for new cars that can last 5+ years before a new platform is introduced, it's perfectly reasonable to expect a company to turn itself around immediately. :roll:

I also love the insinuation that Ford hasn't turned around at all. The Focus is a great car. The Fusion bests or matches anything Japan has to offer. The redesigned Taurus is a great car. Of course, no-one bothers to take note of those things.

ZV

and they are bleeding one billion $ a month ...

 

[freegeeks]

Originally posted by: TallBill

Originally posted by: BrunoPuntzJones

Well, if you paid the guys in stock and $100,000 salaries instead of $20M, seems like it'd be a bigger incentive for them to get the stock price up...

True, he also might illegally drive prices up with false reports and sell high

upper exec bonus should be based on something more then the last quarter

 

[LegendKiller]

Originally posted by: Zenmervolt

Originally posted by: LegendKiller
A coworker mentioned what Mullali said when asked about reducing his compensation...

"I think I'm OK where I am."

Ok, so let me get this straight. You made $21MM last year while not being able to fix one damn thing at Ford and the company is nearing penny stock status and you think you're OK where you're at?

Sure sparky.

Because, when a company has R&D for new cars that can last 5+ years before a new platform is introduced, it's perfectly reasonable to expect a company to turn itself around immediately. :roll:

I also love the insinuation that Ford hasn't turned around at all. The Focus is a great car. The Fusion bests or matches anything Japan has to offer. The redesigned Taurus is a great car. Of course, no-one bothers to take note of those things.

ZV

Yeah, they are doing so great...

You get big salaries when you deliver big results. Now isn't the time for poor results and big salaries when you approach the taxpayers like a beggar.

Considering that those cars were eight foreign or other-company designed, they still haven't gone anyway.

 

[Genx87]

Originally posted by: freegeeks

Originally posted by: Genx87

Originally posted by: freegeeks

Originally posted by: mugs

Originally posted by: Quixfire
I find it funny that most people think they flew all alone. What about all the staff that came with them. How about the fact that there time is worth more than the cost of a private jet verses them sitting in an airport waiting for their flight to take off?

BTW, I don't think lending the Big 3 any amount of money will save their companies.

Yup. If a CEO makes $10 million, their time is worth $4807/hr assuming a standard 40 hour work week (of course a CEO's job never really ends, but 40 hours is the standard so I used that). Flying coach, while an appropriate punishment, is not cost-effective. When you add in the fact that they rarely travel alone, private planes make even more sense. A private jet saves money.

Do these guys deserve to make whatever they're making when their companies are failing? Probably not, but good luck finding someone who is capable of turning around a billion dollar corporation who will work for $100k/yr.

Warren Buffet has a salary of 100k
most CEO are overpaid for their performance

That is disingenuous. Buffet makes his money from his investments. CEO's do this as well and you guys piss and moan about them when they cash in.

Buffet started his company with his own sweat, blood and tears. He's an entrepeneur just like the Bill Gates of this world. He deserves his billions. Most of these retard CEO have NEVER started a business of their own. They are in their CEO position because of their network, not because they bring something to the table. It's an old boys club of me-know-you and they rape companies and shareholder for millions.

Buffet is a brilliant man there is no getting around that. But nothing you just said changes the fact that you stating Warren Buffet has a 100K salary is disingenuous in the context in which you stated it. He makes millions if not hundreds of millions a year off his company. He just happens to pay himself with stock which is taxed at 15%, not a standard income tax rate in which he would be hit at the highest rate.