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I favor the Big 3 loan, but man-oh-man, their CEOs are fucking slime balls

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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:05 PM
Original message
I favor the Big 3 loan, but man-oh-man, their CEOs are fucking slime balls
Waggoner, Nardelli and Mulally

The three need to be fired.

But I am truly glad we managed to get money to the companies.
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fumsm Donating Member (282 posts) Send PM | Profile | Ignore Fri Dec-05-08 11:13 PM
Response to Original message
1. Guantanamo
Maybe we should keep Guantanamo open, be a good place for the bush administration, the financial ceo's, auto ceo's, oil co ceos, ins co ceo's, health-care ceo's, senator shelby, hannity and limpballs , hell, we may have to expand it.
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MazeRat7 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:20 PM
Response to Original message
2. I don't.
I really think they need to be sent to the wood shed, file for Chapter 11, and come up with a better business model under the the bright lights of their creditors and the courts.

Given what they have on the table as "change"... they will burn through any money they get in a matter of months and have nothing to show for it.

They need to change their business model to both keep their supply chain employeed and become profitable once again.

MZr7
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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:24 PM
Response to Original message
3. Mulally seems pretty good; Nardelli is just a numbers guy; Waggoner fills a suit.
Mulally came from Boeing just a couple of years ago. In his opening remarks yesterday, he was pretty clear about what was wrong and how they are going about fixing it at Ford. Due to his experience in production and engineering at Boeing, I think he has the background to understand what it takes to build good products.

Nardelli is a numbers guy, originally from GE, but he failed as CEO at Home Depot with his numbers driven approach. Chrysler will die in a downward spiral of cost cutting under Nardelli.

Waggoner? What can you say?
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spindrifter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:52 PM
Response to Reply #3
4. I was appalled at Mullaly's original response
that he was comfortable where he was ($21 or 22 million salary) when first asked if he was willing to work for $1 a year. His real problem is that although he knows production, he doesn't really know competition as a result of his work at the Lazy B. Boeing has had plenty of wasteful production as a result of its defense contracts. That won't cut it now. He needs to know how to respond to competition if he is going to lead a survivor auto company.
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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 12:07 AM
Response to Reply #4
6. He was mainly in commercial airliners at Boeing
Edited on Sat Dec-06-08 12:10 AM by FarCenter
He left a good job at Boeing to risk his career doing a turn around at Ford. I think his position is that he won't drop his pay to $1 if Ford doesn't draw on the government money. If they draw funds, he'll cut his pay.

He's been pretty consistent in saying that Ford probably will not need the loan from the government, provided that the others don't go bankrupt and thereby create a cascade of failures among the auto suppliers.

http://seattlepi.nwsource.com/business/283976_fordmulally06.html

Boeing's Mulally leaves to become CEO at Ford
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snowbear Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 03:42 AM
Response to Reply #3
8. Nardelli is a wingnut who donated close to $30 k to r-THUGS in the past year alone
I wonder what he thought of that little weasel corker chewing his ass out while the Democrats were being fair to him?!?!?



The guy is disgusting.

http://www.newsmeat.com/ceo_political_donations/Robert_Nardelli.php He loves ReTHUGS and Union Members HATE him.
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-06-08 03:15 PM
Response to Reply #8
9. Yes, he IS a wingnut. Look back at his record of gving at Home Depot
He gave as much as he could and even leaned on his managers to give to all things bushpublican.
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-05-08 11:57 PM
Response to Original message
5. This is about the best I could hope for now
A bridge loan to when Obama gets in. Hopefully when this comes back around, and it will here in a couple-three months, Congress and the president will hammer out a deal that gets rid of management, and turns our auto industry towards the future.

I didn't want Bushco trying to do those sort of negotiations at the last minute, look what happened when we let them control the Wall St. bailout. But the Big 3 did need a cash infusion to boost them over until early next year. Then sit down and put the screws to the Big 3 to develop hybrids, etc.

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oldnslo Donating Member (222 posts) Send PM | Profile | Ignore Sat Dec-06-08 03:20 AM
Response to Original message
7. The part of the companies that need it don't have it yet.
And probably won't have it, if the three monkeys have a say...
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