Corporate Jets and Tin Cups
November 22, 2008
Found this piece in the Washington Post, quite hilarious since it talks about execs leading companies at the brink of bankruptcies and taking home over 20 mil in annual salaries. Preposterous. The big 3 of the Auto industry are going to Washington to beg for a lifeline (worth $20b) in a corporate jet spending millions of dollars per trip. And they insist that have have done all that could be done to rectify the problems with their companies. Cynical. And Hilarious! [link]
“There’s a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hands,” Rep. Gary L. Ackerman (D-N.Y.) advised the pampered executives at a hearing yesterday. “It’s almost like seeing a guy show up at the soup kitchen in high-hat and tuxedo. . . . I mean, couldn’t you all have downgraded to first class or jet-pooled or something to get here?”
The Big Three said nothing, which prompted Rep. Brad Sherman (D-Calif.) to rub it in. “I’m going to ask the three executives here to raise their hand if they flew here commercial,” he said. All still at the witness table. “Second,” he continued, “I’m going ask you to raise your hand if you’re planning to sell your jet . . . and fly back commercial.” More stillness. “Let the record show no hands went up,” Sherman grandstanded.
[Thanks to Lokesh for the link – via his Gtalk Status]