sunil94062

Nardelli Pleads for Chrysler, but Would a Bailout Help?

My view after seeing Nardelli on TV at the hearings is that he is a psychophant - tell the people what they want to hear! Kiss-Ass kind of person.

He comes across as a typical car salesman stereotype - no substance and a "yes" man.

Actually it is no wonder our 3 Auto companies are in distress - because they have such poor leaders. Not one of them struck a chord of 'wisdom' with me. No one had the depth of knowledge of their companies (or they did not want to tell us the truth), so they hedged, humm'd or haww'd.

For Mulally and Nardelli to say - we just came to the job, as a justification for not knowing the facts about their companies is pathetic. To my mind, a smart CEO, would have been fully prepared with all manner of statistics, backwards and forwards, north to south and have these numbers and facts on the tip of their tounges - because they literally, ate, slept and drank their companies - just like I do for my enterprise. That is all I do all my waking hours, especially the working waking hours. I am therefore honed to perfection in this context! That is how they should be. And I am just a SME!

None of the three CEO's deserve to be a corporate leader and thus should be sacked, and dismissed for cause. They came totally ill prepared and had zero conviction. If none of them would sacrifice their cash comp and go on a earn-out scheme - then their interest is not aligned with us - the tax payer, whose money they seek to get. They should have volunteered that themselves. Pay me last, they should have said, if for nothing else to demonstrate their conviction!

I think it is 100% worth saving the three companies (or an aggregated ONE) and keeping most if not all of their 'good' workers. And I am certain they do have some good workers. No reason why a federal subsidy, to ensure a level playing field for this globalized business, is not warranted. It should be subsidized, if the general consensus is that Japan, Korea, Germany, France, India, etc. subsidize their auto industries, and rely on the US consumer (for example) for their well being, but use their local citizens for making their cars, then YES I am also for lending support to our industry. All manner of support I offer. People will need cars for a long time to come and I don't want to give up that knowledge and skill. The US needs to be KING of this hill.

Being a 'least cost producer' is germane to surviving a free market scheme. Thus, if a subsidy is standard operating global policy, then we support the Detroit 3 with the bail out. At that juncture we do whatever it takes, so our industry is last man standing.

BUT none of these guys deserve to be CEO for sure.