By David Schoetz

Nov 22, 2008 12:05am

Closing Arguments: No Jets for the Execs?

As our chief investigative correspondent Brian Ross reported last night, the CEOs from the Big Three automakers spared no expense getting from Detroit to Washington to ask for a $25-billion dollar share of the the government’s $700-bilion bailout.

Today, General Motors announced the company would take two of their five jets out of service because, they said, the planes were not being used.

Ford and Chrysler have not revealed any plans, as yet, to change their corporate jet policy.

So tonight, we ask you: Should executives from companies seeking bailout funds be forced to fly commercial?

Tell us what you think.

User Comments

Don’t just take the jets out of service, sell them!!

Posted by: Carol Lempges | November 22, 2008, 12:10 am 12:10 am

I am disgusted by the executives of the big 3. They should give up all of their salaries plus their perks and work for free on the line in their factories

Posted by: Susan Youngdahl | November 22, 2008, 12:12 am 12:12 am

Of course they should fly on private airplanes. As a stockholder or taxpayer the bext way for teh execs to run the company is to be as efficient as possible. It is not in my interst for them to spend hours waiting for commercial flights and subject themselves to delays and possible kidnppings. We spend so much time thinking of how to punish these execs that we don’t realize that it would hurt us not to let the folks who know who to run a business run it. Just because you drive a car doesn’t mean you know how to run a company that makes them.

Posted by: Annette Fildes | November 22, 2008, 12:12 am 12:12 am

Why can’t they drive a car?

Posted by: Lori Braunstein | November 22, 2008, 12:12 am 12:12 am

I think it is discussing what the excutives get around in while the rest of us are struggling to stay afloat. I am so happy their requests for the billions of dollars was denied. I was so glad they were denied.

Posted by: Marianne | November 22, 2008, 12:13 am 12:13 am

If I have to then they should
as well… if the are crying poverty, sell the darn things.

Posted by: Sal | November 22, 2008, 12:13 am 12:13 am

hang um high- no jets no bonuses cut their failure pay. same for the crooks running the banking schemes.
let um file for bankrupcy.

Posted by: gary long | November 22, 2008, 12:13 am 12:13 am

Are you kidding? Yes, they should sell all of their jets and fly commercial. I can’t see where selling two jets that aren’t even in use is going to do any good. Who do they think they are??????

Posted by: Karen | November 22, 2008, 12:13 am 12:13 am

I don’t believe Auto CEO’s should use private jets, should use commercial flights, to travel, especially to Washington, if they’re asking for millions for their corporations. These CEO’s should start sacrificing just a tiny bit, we as employees, or no longer employee like I am after a corporate layoff, while CEO is treated with luxury.
Thank you.

Posted by: Sophie Byrnes | November 22, 2008, 12:13 am 12:13 am

Belt tightening is something all of us are experiencing right now. Why not the Big corporations? I will be paying for their bailout and I don’t fly private jets OR 1st class. Don;t ask me to bail you out if you aren’t willing to tighten your own belt

Posted by: Bev | November 22, 2008, 12:14 am 12:14 am

executives from companies seeking bailout funds should be forced to fly commercial. after watching the 3 execs on tv the other night asking the men from ford and gm if they would take a pay cut to $1.00 the responses from the two men were an embarassment to the auto industry. the two should be fired, should not be given any retirement benefits or any pension; they should suffer like a lot of people are suffering right now. the only person who stepped up to the plate was the exec from chrysler, stating he would take $1.00 for his pay.

Posted by: CPOPE | November 22, 2008, 12:15 am 12:15 am

I vote for selling the jets. Take them out of service–? They’re out of service for saying that. They have some nerve!

Posted by: Lori Braunstein | November 22, 2008, 12:15 am 12:15 am

It is a catch22.
At $14million a year(or $7,000/hr) in pay, we can’t afford to fly them commercial.
That is $7,000/hr wasted.!!!
Does anyone else see the insanity of this??

Posted by: Bill | November 22, 2008, 12:15 am 12:15 am

Jets have their place but not when you a claiming to be poor. At least the jets have been claimed to be leased. But how many people does returning the jets put out of work?
What happened to the electronic conference systems that were gong to reduce travel needs?
Would congess accept electronic conferencing in place of physical visits. If not, they must share the blame for the use of jets.

Posted by: Ed Hassler | November 22, 2008, 12:16 am 12:16 am

they should have gone on a commercial flight….and if the plane went down or something happened, let the next guy in line take over….these men are NOT indespensable. how about even letting someone train one of the LINE guys or union guys do the job…they could certainly USE the increase in pay…THESE EXECUTIVES ARE WAYYYYYYYYYYYYYYYY OVERPAID…
In a financial crisis like we’re having now, UPPER MANAGEMENT SHOULD TAKE A CUT IN PAY & GIVE UP THEIR JETS…

Posted by: Mer | November 22, 2008, 12:16 am 12:16 am

Typcal political grandstanding. Do we really want executives killing time for two hours at airports with their shoes off, going and coming.

Posted by: bob weibel | November 22, 2008, 12:17 am 12:17 am

Executives of the “Big Three” auto makers should have income capped, bonuses eliminated, and jets scrapped! This includes the owners of the car dealerships.
The public schools in our country are in just as much financial strife, and we don’t see the administrators of our future living in multi-million dollar houses, or traveling around the country in jets! I guess the public schools should go to Washington and beg for a bale out of the public schools!
Thank you for your time!

Posted by: Sam Wilkes | November 22, 2008, 12:17 am 12:17 am

Commercial flights – business section.

Posted by: H. Shubert | November 22, 2008, 12:17 am 12:17 am

IF they get a bailout there should be
No jets!
No million dollar salaries!
No bonuses!
No Golden Parachutes!
for any Execs!!!!!

Posted by: Bostew | November 22, 2008, 12:17 am 12:17 am

Even GM trying to get a bailout, makes me sick. If these companies are realy hurting, than they would not be able to afford to fly in private jets. As far as I am concerned, let them find their own way out. No one is bailing you and I out, if we get in debt. All of these big compinies want a free ride.

Posted by: IRONSIDE | November 22, 2008, 12:18 am 12:18 am

The money they are using for private jets should be going toward helping the business survive. The salary that they make could take care of several of the employees monthly. Stop the bull! this is non-sense!

Posted by: Iwonna Hampton | November 22, 2008, 12:18 am 12:18 am

They make cars don’t they? What’s wrong with driving the product they make? Are they not proud of their own product?

Posted by: Daniel | November 22, 2008, 12:20 am 12:20 am

I’m really tired of this! I’ve given up EVERYthing, sold all my furniture, haven’t bought new clothes in 3 years (except underwear), haven’t seen a movie, been to a nightclub in 4 years. I never eat out. It goes on and on. WHY THE HECK SHOULD I BE EVEN A SMALL PART OF BAILING OUT THESE COMPANIES who’s CEO’s aren’t willing to give up ANYTHING?????? THey need to spend their own millions to save their companies and employees. If I have to bail them out, I’ll be the first in line to PROTEST, Picket, throw rocks at their buildings, call them 100 times a day, whatever it takes…..

Posted by: accountable | November 22, 2008, 12:21 am 12:21 am

they don’t need all those jets. sell all of them to help there selves. if they get the money hows that going to help. 8 to 10 months there going to be broke again. so i say [NO ]

Posted by: jessie allen | November 22, 2008, 12:21 am 12:21 am

If the Execs. want a hand out by the Government, they need so sacrifice their lavish life style by flying commercially. How dare they want help from the tax payers & not want to change their ways. I say get rid of the Executives, who failed at their jobs, a help the automotive industries keep their workers working.

Posted by: linda chavarria | November 22, 2008, 12:21 am 12:21 am

Plan to reduce vehicle inventory and earn gov. loans: Big three to sell inventory at cost or below to public. For each car sold gov. gives auto maker portion of loan money needed. Divide $25 billion by number of over stock vehicles to determine per car amount to go to manufacturer.

Posted by: Hank Bretz | November 22, 2008, 12:21 am 12:21 am

I do not even agree that we should be giving them a bailout money that belongs to the tax payers. Let alone that they get to keep all of there little play toys like a jet airplane. I find that the government is all too eager to spend money that does not even belong to them.
The big guys will get their money because they have probably already rewarded the finance comittee. I think the government just puts on a show on the tv to make us think they are doing their job.

Posted by: Martha Cole | November 22, 2008, 12:21 am 12:21 am

Its almost always better to have them on company jets. In most cases it is the best value for the stockholder. Its been proven over and over.

Posted by: Mark | November 22, 2008, 12:22 am 12:22 am

How dare them ask for billions from the Americian people, when they have billions they can sell… They need to rethink their priorities like the rest of the world right now. If we bail them out they continue to live their frivilous lifestyles while we pay for it.

Posted by: Christina Rowe | November 22, 2008, 12:22 am 12:22 am

i think its not so much about the jets as that they need to make concessions too , if they are that far in debt then then need to make one big pay across the board like 10% from every one , just that should get them through atleast march or april ,

Posted by: joe | November 22, 2008, 12:22 am 12:22 am

The elitism era hopefully has come to an end! NO ONE PERSON IS WORTH A SALARY that would feed a family of four, for a generation! It is time to get back to basic honesty, and a clear understanding of what the term ethical behavior means. Ask your grandfather and/or grandmother if you are fortunate to still have them in your life! This country has suffered the “ugly american” syndrome for too long, and yes, many are in that classification. We can change! Change is good when it is for the better! Mr.C

Posted by: Bob Christiaansen | November 22, 2008, 12:23 am 12:23 am

This whole issue is disusting. While hundreds of thousands of hard working people worry about how to pay the bills. Executives are still living lavishly. They are the ones who caused this whole situation and yet they are the ones who do not suffer. This is typical though our problem is with the lack of accountability.
The nerve of them to fly in private jets with security and expensive cars to drive these executives around. I suppose after their Kobi steak and egg lunches at the Caucus Room they decided to drop by congress to ask for additional money from the taxpayers.
Yes, they should sell the jets and lose all of their other perks. They should follow the example of the CEO of Japan Airlines!

Posted by: Johhathan Lightfoot | November 22, 2008, 12:24 am 12:24 am

The first order of bussiness is to get rid of the jets and all perks before even asking for help.Sell off the jets. While myself and millions tighten our belts how dare they live so high and mighty. Get real and get rid of the greed.

Posted by: Eleanor Pickowicz | November 22, 2008, 12:24 am 12:24 am

I agree that they should sale the jets and put that money toward building 60 to 100mpg cars and take all of there bonusess and kickbacks from the oil companys and put it back into the companys. They should definately have to go through bankrupcy, because they had plenty of time to see this comin but they chose to keep linin their pockets as long as they could and bettin that us poor tax payers would just bail them out. I say ta hell with them. They got themselves in this mess not us.
We all know that there are wharehouses full of motors and fuel injection systems that could have prevented such a major downfall for our country.
It all comes down to one thing only. GREED!!!!!!!!!!!!

Posted by: Danny | November 22, 2008, 12:25 am 12:25 am

Why Certanily, they should also be willing to take a pay-cut. I agree with the electronic conferencing. And the use the good ol’ automobile!

Posted by: Sabrina | November 22, 2008, 12:25 am 12:25 am

I think if the big 3 have their own Jet’s then they should, by all means use them. I think the CEO’s are paid to much and they should voluntarily take less wages, and maybe even the assembly workers. And then maybe it would be possiable to reduce the cost of the automobile’s so more would be sold.

Posted by: Theresa Barr | November 22, 2008, 12:25 am 12:25 am

I feel that they should have to humble themselves & fly commercial just like all of their blue collar employees. I also feel that if they truly need this money they would sell their personal jets,give up their bonuses (us blue collar workers don’t get the bonuses we get a fleece pullover),and they should drop their millions in pay down to $1.00 or less. Do they really need that money ? Probably they might but they will need less if they humble themselves & give up things & salaries Sometimes you have to give to get.

Posted by: becky | November 22, 2008, 12:25 am 12:25 am

Not only should they fly commercial, but the executives of companies that take bail out money should be capped at no more than the President makes…$450,000!

Posted by: Mark McCully | November 22, 2008, 12:26 am 12:26 am

Corporate CEO’s should be able to use such jets for reasons of safety and expeditious use of time to conduct the business of the company. Members of Congress accept the favors of lobbyists, like air travel and entertainment, all the time and make no apologies. They ought not to throw stones.

Posted by: GERALD T HANSEN | November 22, 2008, 12:26 am 12:26 am

Fire those idiots and sell the jets! They have a lot of nerve asking for a bail out while they live it up. To the lady who thinks they should keep the jets your’re a stupid as they are.

Posted by: Bea Dobmeyer | November 22, 2008, 12:26 am 12:26 am

It is a catch22.
At $14million a year(or $7,000/hr) in pay, we can’t afford to fly them commercial.
That is $7,000/hr wasted.!!!
I could put 350 “good” people to work for that at $20/hr.
Think about it.
Does anyone else see the insanity of this??

Posted by: Bill | November 22, 2008, 12:26 am 12:26 am

No Bailout for the big 3! This would simply allow them to maintain their own lavish lifestyle. It’s their own fault they’re in a crises with their corporations, what are THEY doing to help themselves out? Answer: NOTHING!

Posted by: Donna Johnson | November 22, 2008, 12:27 am 12:27 am

Bob Weibel,why can’t they get paperwork, phone calls, etc. done sitting in an airport? Unless they’ve got Ashley Dupre and her cohorts on the jet, they’d be doing in the airport the same things they do on the jet.
And, it’s not just about the jets. It’s about their mansions, penthouse apt’s in various cities, lavish furnishings, parties, vacations, and on and on.
Tell me one GOOD reason why ensuring that those CEO’s can continue that lifestyle is MY responsibility…or YOURS.

Posted by: accountable | November 22, 2008, 12:28 am 12:28 am

They should sell all the jets and use the money for there bailouts. They are not poor they are just plain greedy and grafting after more; and the nation of tax payer should not have to go through it.If they truly need help they would help themselves buy selling those jets and whatever else they have that they don’t have to help them from falling as they say. I don’t believe them, everything was just fine, until they heard about the $700 billion bailout. Now all of a sudden they need help, They need help alright, they need Jesus.

Posted by: Sharon R | November 22, 2008, 12:28 am 12:28 am

To make the assumption these executives are “special” is wrong. What appears to be the case is that these executives are completely out of touch. Maybe if they actually took a road trip, in a car they actually produce, they would get some real insight into what is wrong.
Since 1970 GM has been losing market share. It seems to me that upper management has not been getting it wrong for decades!

Posted by: Randy Juras | November 22, 2008, 12:29 am 12:29 am

They just do not get it! The spoiled executives are not willing to do whatever it takes to save the Industry. They are on verge of going bankrupt and yet are only willing to give up two of five jets. Wake up America! The excesses at the top are the cause of the whole crisis. Inept and irresponsible management has finally caught up with them. Hold them accountable! The auto indusrty needs to focus on quality, invest in new technology and cut back on so many different models. A Great truck, five energy efficient cars and start from there. It can be turned around if they are willing to make some sacrifices and stop the frills. Put people back to work. They forget who buys the product.

Posted by: J. Allen | November 22, 2008, 12:29 am 12:29 am

They are totally out of touch with reality. Why should they demand our tax dollars when they retain luxuries most of us never dream of? Chapter 11 Bankruptcy would solve their problems. Let these dinosaur organizations die and be reborn as modern, efficient entities without the burden of greedy executives and overcompensated UAW employees.

Posted by: PAT | November 22, 2008, 12:29 am 12:29 am

Why not make those Wall Street Aces like AIG execs take commercial jets? They have endangered everyone in this country with their carelessness and greed. The automakers are coming to ask for a LOAN, not a free handout. They have a darn good product. I am not worried about them, I am worried about those jerks in Congress who weren’t minding the store and let this economy get out of hand. What about Alan Greenspan and all the experts? Didn’t they see this coming? You can’t give mortgages to folks with no down payment,and interest only payments and expect that it could go on forever without a consequence! Hey, what IS the history of how all these folks were able to get no down payment mortgages, and “Have bad credit..come talk to us, we can put you in a home fast”? What the heck went on there? No common sense from the people who should know about economics? I am disgusted by what our leaders have done to us–the American People. You have unravelled a network of common sense safeguards that kept this county humming. Now,do some more harm by kicking out the supports from under the auto inductry.It gets dumber and dumber..

Posted by: shelia e | November 22, 2008, 12:29 am 12:29 am

I find it unbelievable that 3 execs asking for 25 million in bailout money would even have the nerve to fly to that meeting in private jets. They must think very highly of them selves…and very little of the American people they are expecting to help bail them out while they continue to live “high on the hog”.

Posted by: Cathie D'Amron | November 22, 2008, 12:30 am 12:30 am

Yes, they need to tighten their belts just like the rest of Americans. Just because they sit in offices and have the best luxury items at their fingertips, time for a change. If they need help show other employees that they are willing to give up luxury and get down to their level to help the company out of their situation. Shame on them for even taking the jet into the locker and not having to get out in the weather like other people have to do when they travel on planes. What is going to happen to America if the upper class of people keep living high on the hog and others are loosing their homes and families are hurting.

Posted by: Ginny | November 22, 2008, 12:30 am 12:30 am

What does this say about the corporate boards behind these CEOs —giving them obscene salaries and benefits including (corporate jets)–when they should be taking them to task for not being ahead of the curve in seeing the direction their companies needed to go so as not to be asking for handouts! They need to do what other smaller companies (not asking for handouts) are doing all over America…try and live within their means…whatever it takes! Lower CEO salaries and no jets….is a good place to start!

Posted by: LE | November 22, 2008, 12:31 am 12:31 am

The private jet issue is ridiculous to bring up, and is just an excuse for not making a decision; do AIG execs fly on a private jet? Of course–it’s OK for the financial services industry that we are providing bailouts to. We give them money just like banks gave money to the no doc subprime homeowners. Stop the bias against the American auto industry, get over it, and stick with the real issues. Flying corporate jets is standard procedure for security reasons, and on time arrival.

Posted by: donna | November 22, 2008, 12:35 am 12:35 am

I BELIEVE THAT THE CEO’S SHOULD SELL THEIR AIRPLANES. AND RIDE LIKE EVERYONE ELSE. THEY ARE THE REASON THE COMPANY IS WANTING TO BE BAILED OUT. MY HUSBANDIS DISABLED, AND I HAVE TO WORK 2 JOBS PAY OUR BILLS. SOMETIMES THAT ISN’T ENOUGH. I WOULD’NT GIVE THEM THE
MONEY. BECAUSE IT’S PEOPLE LIKE ME PAYING FOR IT. MAKE THEM CUT THEIR PAY.

Posted by: joanna | November 22, 2008, 12:36 am 12:36 am

I say ”no corporate planes at all”,Plus give back any bonuses received in the past 3 years,or no bailout{deal}.Plus- take a cut in compensation or go broke.

Posted by: Raymond Lee Coci | November 22, 2008, 12:40 am 12:40 am

It makes no difference to me whether they fly by private jet or hitchhike. It matters to me whether we pay them for their failures. They pay out excessive dividends, excessive salaries, and have no cash reserves. They run their daily operations on stock value so now that the stock has fallen, they can’t remain solvent. That’s poor business. Bailouts are never the solution. Let them fail. When consumers are crying for cars, and they are not at this time suffering any shortage, the market will step up and provide consumers with cars. The same should apply to financial firms that have conducted their businesses like fools, buying mortgages offered to poor credit consumers and hoping real estate values would increase by 30 percent in the following two or three years. Idiots all, let them fail, better minds will replace them.

Posted by: Lance | November 22, 2008, 12:41 am 12:41 am

Enough is enough. Give them a dose of being a “little man” for a while and let them figure out a way to pull the auto industry up by the bootstraps!

Posted by: Al | November 22, 2008, 12:43 am 12:43 am

It really gets me that these corporations think the tax payers owe them their big salaries and luxury expenses. It’s as if they feel the American taxpayers owe them this lifestyle. They need to face reality and cut budgets, including their own salaries. I think they should sell the jets, cut their multi million dollar salaries, no bonuses, no resort type conference meetings, tighten the reins at the top and see how much they save.

Posted by: bab | November 22, 2008, 12:43 am 12:43 am

I don’t think the auto workers in the plants should have to take anymore paycuts we work hard for the wages/benefits we get. Mind you the healthcare isn’t the best. People on the outside seem to think ‘you work at GM you must be rich’.Well my answer to that is HA. THE ONES THAT NEED TO GIVE ARE THE EXECS. THEY SHOULD HAVE TO GIVE IT ALL UP. NO JETS,BONUSES OR SALARIES.

Posted by: reba | November 22, 2008, 12:44 am 12:44 am

PUTTING TWO JETS IN THE BARN MEANS NOTHING. SELL THEM ALL THEN ASK FOR A TAXPAYER BAILOUT.HAVE THE TOP TIER OF ALL THREE FIRMS SPEND THEIR OWN MILLIONS ON BUYING COMPANY STOCK THEN LETS SEE IF THEY GO BANKRUPT OR SOMEHOW TURN THEIR FIRMS AROUND. HAVE MANAGEMENT SHOW SOME SPUNK AND PUT ALL THEIR PAST BONUS`S BACK INTO THE CORPORATE TREASURY`S TO SHOW FAITH IN THEIR ABILITIES TO COMPETE. NO BAILOUT WITHOUT NEW COMPETENT MANAGEMENT!!!!!

Posted by: JOHN K | November 22, 2008, 12:46 am 12:46 am

They should SELL all the corporate jets, then file chapter 11. Perhaps the unions will be forced to make concessions and get real about contracts. Unless this is done the ‘big 3′ should go belly-up!

Posted by: Judy | November 22, 2008, 12:47 am 12:47 am

Execs MUST take pay cuts & give up all the perks. We “little people” are struggling. Who pays our bills?….who can we turn to?….but, they have the nerve to ask for billions! It is a disgrace. Jail them all, they are crooks!

Posted by: Cee | November 22, 2008, 12:49 am 12:49 am

Ececutative travel should be at least expensive level possible in all cases. It is only logical to do it this way, as it puts the most profit on the bottom line. That is what any top executative should be interested in, not personal comforts.

Posted by: Rich | November 22, 2008, 12:50 am 12:50 am

How generous of GM to take 2 jets out of service … what about the other 3? At the very least, why couldn’t the executives from Ford/GM/Chrysler fly together in ONE jet, from the same airport, for the SAME meeting?!!! Not only should they get rid of the private jets, they should not be taking their huge salaries, bonuses, and other perks while they’re asking for taxpayers’ money! If we’re expected to sacrifice, why shouldn’t they?! It’s high time the golden parachutes go into storage until the country is financially sound again!

Posted by: Barb | November 22, 2008, 12:51 am 12:51 am

Everyone has gotten greedy so why not these guys? They are as bad as the entertainers and the Sports athletes. Nobody needs to make the kind of money that any of these people make. The problem is that we have given in to them and it has only gotten worse not better. It’s no wonder why our economy sucks, the stock market is way down, the prices of everything including gas, movie tickets, cable tv., airplane travel, clothes, designer clothes, every part of our society as we know it has been touched by the “Greed Monster” No one is immune to it. These guys are only doing what they have been allowed to do as well as everyone else. Look what happened to Enron? That was only the beginning as you can well see. This country is now in for a rude awakening. Let these guys take a pay cut. That is the only way they are going to get the respect of the public. They shouldn’t be bailed out if they can’t take a pay cut and lose their planes.

Posted by: Amy Grenader | November 22, 2008, 12:52 am 12:52 am

How do these people sleep at night? Flying in the corporate jet is only part of the problem with these greedy exces. They still manage to get their salary and then some.They have no problem laying off workers in order for them to still receive their perks. What is insane about all this is that they don’t think they have done anything wrong.They feel they are justified to ask for a bail out. It’s amazing they will probably still manage to have their Christmas party. But why not, we are paying for it! You can be sure they won’t be having a Deli Platter,like most of us will,if we’re lucky. I can’t believe we have so many ruthless people in high positions, in this free country. They are disgusting!!!!!!!

Posted by: JT | November 22, 2008, 12:53 am 12:53 am

The arrogance of these CEO is disgusting. You would think that even if they should be allowed to have private jet (as obviously they are) that when they’re asking the tax payers to help them that they would at least appear to be sensitive to the fact that the overall econamy is in jeopardy. The whole notion of tar and feathers, and running them out of town on a rail comes to mind. Shameful!!!

Posted by: Banks | November 22, 2008, 1:01 am 1:01 am

This is an issue that only people who are in business understand, they put a value on their top executives time.
This is a nit picking issue, best handled by their shareholders; not the Congress or the media.
The Congress should be saying, “How can we help you?” through these difficult times.

Posted by: Joseph Mash | November 22, 2008, 1:03 am 1:03 am

Many small businesses across the country are suffering too but we pay our employees, our bills, our vendors & then we pay ourselves. I won’t be offered any bailout or assistance. We make sure every purchase is necessary to run the business. Maybe the auto executives should try that for a change. They should sell the jets, trim ALL the excess expenses for the execs & top echelon of these companies, give up their salaries & bonuses for a year, roll up their sleeves, set a good example & start EARNING THE RESPECT of their employees & the taxpayer. Maybe then our government should consider giving them any money. If I was in charge my answer – Do all of the above and THEN we will talk!

Posted by: CM | November 22, 2008, 1:04 am 1:04 am

This is so bogus it’s embarassing that ABC and Congress even brings it up. I’m never happy to see waste but this is obviously much more efficient than making a CEO of a Fortune 500 company take a full day for travel (to any place) when the stockholders are paying thousands of dollars per hour for the CEO’s salary. It appears that GM has re-evaluated the number of private jets they need to operate in their current circumstances which I think was and is a wise decision. Yes, I agree that Americas car manufacturers may have continued to build the wrong GAS GUZZELER vehicles, but we Americans still want our Pickup Trucks and SUV’s. But GM, Ford and Chrysler are moving to build more efficient vehicles. This just appears to be ABC and the congress picking up on Americans anger at the $700 Billion Bail out of financial institutions. That anger is correctly focused upon the financial institutions, real estate agents, and low income home purchasers and flippers who all acted greedily and irresponsibly. The car manufacturers are at least making a valuable product. What the financers were producing was ‘snake oil’ which destroyed a world economy due to greed, a natural human emotion. ABC PLEASE GET REAL! We could do with at least 50% less employees in financial institutions. We need the car manufacturers for our economy to thrive. Without them we will need to import even more from world competitors. Wise up congress. I could go on but I hope everyone gets the picture.

Posted by: Dave | November 22, 2008, 1:04 am 1:04 am

I am so disgusted with these auto executives! Do they live in the same world as the rest of us? I think they have been in another world since the 1970′s. I had just gotten my driver’s licence when OPEC decided to create the oil crisis and even at 16 years old I understood the power that OPEC wielded. Why didn’t they learn then when it would have done us all some good? It is ridiculous to continue to follow a pattern that could only lead to the mess we’re in now. What happened to innovation? This country used to be a leader in innovation. For years now new ideas have been crushed under the heel of complacency, or maybe just indifference. I is my hope that finally the people who have the power and money will join with the innovators and make the changes we so desperately need to get this country going in the right direction again. Oh, by the way I think they should sell those jets instead of retiring them. Tell them to think of it as a large scale yard sale like I’m sure alot of their ex-employees are having. I agree with Whoopie Goldberg, WHAT THE HELL?

Posted by: Macaw608 | November 22, 2008, 1:07 am 1:07 am

Sell the freakin jets you jerks!

Posted by: Loretta Redcloud | November 22, 2008, 1:09 am 1:09 am

They should sell all the aircraft and reduce their salary to one million per year permanately

Posted by: Eddie | November 22, 2008, 1:12 am 1:12 am

they definitely have to sell the jets to get bail out money & take salary cuts!

Posted by: linda watkins | November 22, 2008, 1:15 am 1:15 am

I think any company that is being bailed out by the taxpayers should require its executives to take salary cuts, give up the golden parachutes, and the company should sell its airplanes, and require the executives to fly commercially.

Posted by: Mike Glasgow | November 22, 2008, 1:22 am 1:22 am

If times were good and there were emergencies, it would be understood; however, in these days and times it’s is like laughing in our faces. Do they want our support? Stop getting the perks they are used to. I think this is the least they could do.

Posted by: Marlene | November 22, 2008, 1:23 am 1:23 am

You damn right I want’em standing in line waiting on a commercial flight. They don’t do anything any way except sit around and think up a bunch of bull to agitate employees and make it as hard as possible. This is supposed to make them espert Managers to demand millions in salary. The boards of directors are all part of the same klan that support each other 100%. If they had to train someone to build an auto, they wouldn’t know where to start.

Posted by: Lamar | November 22, 2008, 1:25 am 1:25 am

GM,Ford and Chyrsler CEO’s should use charter planes from Commerical airlines. Just link the Senators ride they should ride. These CEO’s are not the President of the United States. Give me a break. Ceo’s salary from their millions should be cut back to a Million and donate their income back towards their employee expenses. Sell all of their corporate Jets. All 3 CEO must unite financially if they want to stay in business together. Hey if the Democrat Party can unite. So can they. If they must have a corporate Jet. They must have at least one so all 3 can Jet Pool together to their meetings. If you must travel by Helicopter like the U.S. President. Here is my Solution. CISCO TECHNOLOGY. The Human Network. Use Video and Voice technology or even a Halogram like on sister station CNN with Wolf Blitzer. Now that is going GREEN. That way nobody had to leave anywhere. Save fossil fuel. Think Green.

Posted by: Gabriel Rodriguez | November 22, 2008, 1:29 am 1:29 am

Well I read a lot of these comments..and I own a lot of stock.. I know that the stockholders have no say in the company.. the board and executives run it and the stockholders just vote with no say and there is no way to remove any of them..and the board members are either CEO’s of other companies or members of other boards and they just keep approving all the perks that they can for each other..they go from one board to anoher…
It is very unfortunate for the stock holder.. we have to take the dividen that they decide to share with us after they have had their meetings in plosh resorts, private jets, $1000.00 bottles of wine that they drink to think that that makes them important………
I now have a feeling.. I heard today on talk radio a guy who worked for GM..saying that one CEO got shot in the 80′s, and another had a kid kidnapped…and another several had something happen to them also..
So on the private jet deal.. ok… but not to take their smart ass and their family to Vail for a skiing vacation.. only for business!! To go to factory’s or suppliers.. no pleasure.. and if they travel on commercial (who would know that they were on that flight)………. then hire them a body guard or 2.. much less than $40,000 or so for a round trip on a private jet.. (Oh, but don’t we all know they would much rather travel on a private jet….don’t have to pay for the wife or kids tickets.. … wouldn’t we all ?? “but we are executives and we are accustomed to first class..”) 3 tickets round trip first class about $6000.00.
I don’t want my tax money paying a buy out for them to fly on private planes for any company that the Federal Government has to bail out..!! Any company exec. can go commercial with a body guard!! They have cell phones and computers to keep in touch.. so not like years ago when they were ‘out of touch’..
And I think that a lot of us taxpayers should fire a lot of those AIG executives too for their thumbing their noses at us to….
Let’s all go for stopping all these perks that executives and board members approve for themselves.. They are no better or smarter than many of us.. They just wormed their selves into that position because they knew what they could reap from it.. and then vote for themselves..
Lets change this.!!
George, Ft. Laud.

Posted by: George | November 22, 2008, 1:32 am 1:32 am

No one is worth the kind of money and the “perks” that these CEO’s get! The Jets, and Limosines should be sold or
if leased, the leases should be forfeit immediately. Their salaries should be governed by reasonable ceilings. Relative to the other employees, their level of education and experience, the greater amount of responsibility they shoulder and the number of hours they
actually” work should be factored in to a reasonable salary level. I would think that a ceiling of $1,ooo,ooo annually would be a very decent income for anyone to live on. Their bonuses should be limited to the same frequency as other employees and to a ceiling of 5% of their annual salary. They should pay for all their own expenses, vacations lunches, dinners, etc.. They should be subject to performance reviews as is everyone else and if they do not perform well and produce positive results for the organization, they should be replaced. No ifs, ands or buts! At this point, since they ran the business into the ground, they should return the millions and billions that they have stolen through the years and dare not have the nerve to even face the taxpayers let alone to ask them to bail them out. However, since letting them fail would have an adverse affect on the economy at this time, it is probably more prudent to assist them to stay afloat – But – only with stringent conditions. They themselves would have to help the effort as well – for example – they would have to return 90% of the monies, stock options etc. that they received through the years and contribute it to the funds the government would “lend” them and of course many other areas that affect the viability of the company should be addressed and sensible, reasonable agreements must be reached between all parties concerned – including the American taxpayers. Additionally, the management of these companies should be overseen by professionals reperesenting the taxpayers.

Posted by: Ann | November 22, 2008, 1:32 am 1:32 am

THEY DON’T HAVE A PLAN!!!
CEO’S OF GM, FORD AND CHRYSLER SHOULD STEP DOWN FOR THE GOOD OF THE COMPANY!!!
AMERICAN PEOPLE NEED TO CONTACT CONGRESS AND SAY “HELL NO” TO THE BAIL OUT!!!!
FORCE THEM INTO BANKRUPCTY AND RESTRUCTURE THE CEO, MANAGEMENT AND WORKERS SALARIES!!! EVERYBODY TAKE A CUT!!

Posted by: sisterdearest09 | November 22, 2008, 1:43 am 1:43 am

Instead of a billion dollar bailout let those company’s sell their perks use that money to bail themselves out. It is completely absurd that the American tax payer should have to support these company’s. Their should also be a limit on their salary’s as far as I concerned no man or woman on this earth is worth millions a year in salary.

Posted by: Donald R.Harris | November 22, 2008, 1:47 am 1:47 am

I’d just like to say, I’d be afraid to meet my maker if I were one of these corporate execs!
As a counselor for terminally ill people and their families, I’ve seen the ‘journey to the maker’ over and over again. No one bails out these families, who lose their income while watching their loved one die from some cruel, painful disease.
These execs are not only greedy and arrogant, they obviously suffer from delusions of grandeur. They are also ignorant. pawns being thrown into a pack of rabid, starving wolves, who are struggling to survive.
I am one of those hungry wolves, and quite frankly, this sadd!
With the bailout money proposed for these few corporations, our government could INSTEAD bailout millions of individual hardworking Americans who earn every dollar they make HONESTLY.
I WAS DENIED GOVERNMENT ASSISTANCE WHILE EARNING MY MASTER’S DEGREE(pregnant and alone) because, AND I QUOTE “a Master’s degree is not job training” said Maryland…..and YES, I have it in writing.
Thanks for nothing, Uncle Sam. Now I get to ‘help’ out those poor, poor little lambs…..who only make 370 million or so……
Without a doubt, if I showed up for my student loan exit interview in a private jet, I’d have to write out a big, fat check on the spot. Instead, I get to (have to) BAIL MYSELF OUT—to the tune of $40,000—-for the next 20 years or so.

Posted by: Marla Fowler | November 22, 2008, 1:48 am 1:48 am

I’d just like to say, I’d be afraid to meet my maker if I were one of these corporate execs!
As a counselor for terminally ill people and their families, I’ve seen the ‘journey to the maker’ over and over again. No one bails out these families, who lose their income while watching their loved one die from some cruel, painful disease.
These execs are not only greedy and arrogant, they obviously suffer from delusions of grandeur. They are also ignorant. pawns being thrown into a pack of rabid, starving wolves, who are struggling to survive.
I am one of those hungry wolves, and quite frankly, this sadd!
With the bailout money proposed for these few corporations, our government could INSTEAD bailout millions of individual hardworking Americans who earn every dollar they make HONESTLY.
I WAS DENIED GOVERNMENT ASSISTANCE WHILE EARNING MY MASTER’S DEGREE(pregnant and alone) because, AND I QUOTE “a Master’s degree is not job training” said Maryland…..and YES, I have it in writing.
Thanks for nothing, Uncle Sam. Now I get to ‘help’ out those poor, poor little lambs…..who only make 370 million or so……
Without a doubt, if I showed up for my student loan exit interview in a private jet, I’d have to write out a big, fat check on the spot. Instead, I get to (have to) BAIL MYSELF OUT—to the tune of $40,000—-for the next 20 years or so.

Posted by: Marla Fowler | November 22, 2008, 1:48 am 1:48 am

I am truly amazed. Most of you really don’t get it! I am just as angry as each of you with top executives who are paid obscene salaries. I am also angry with unions which have contributed to inflationary costs. But focus on the real problems as mentioned earlier such as greedy financial institutions, low income home purchasers, flippers and real estate agents, the $700B Bailout and Washingtons fools. We can do with many less financiers greedily taking huge fees, but allowing the car manufactures to fail is a matter of national security not to mention the hurt this country would experience by the loss of jobs not only directly in the auto sector but every sector of our economy would collapse if the automobile industry were to go under. Wise up people!

Posted by: Dave | November 22, 2008, 1:48 am 1:48 am

Do not forget that the business people make the money that the politicans spend. There are three economies (i.e., Private Industry, Government, and Non-Profits). The Non-profits and Government each have appoximately 1.6 trillion in assets. WHich leaves about 16 trillion in private hands. The cost of a GV is nothing to the cost of running Air Force One (and the other planes). If a cost analyis is to be done fairly, then the Federal Government’e loss of 15 trillion USD under bush is nothing — and the CEOs live as paupers who provide the revenue and get little in return.
The “tragedy of commons” states that which is owned by all is cared for by none. Sovergein Imunity protects government workers. If there is no incentive for private industry to perform through innovation, then they will be like the communists who failed. The Politicians are giving 25 billion to allow the Amercian auto industries to make a product which will replace the gas guzzlers that the government allowed to make the politicans (and oil companies) rich. I would surmise that the Big Three has paid more that 25 billion in taxes. Allow them their conservative jets, and pehaps, require the politicans to fly Gulfstreams instead of the heavy iron, which is at least 100 times as expensive.

Posted by: olin tucker | November 22, 2008, 1:52 am 1:52 am

Do not forget that the business people make the money that the politicans spend. There are three economies (i.e., Private Industry, Government, and Non-Profits). The Non-profits and Government each have appoximately 1.6 trillion in assets. WHich leaves about 16 trillion in private hands. The cost of a GV is nothing to the cost of running Air Force One (and the other planes). If a cost analyis is to be done fairly, then the Federal Government’e loss of 15 trillion USD under bush is nothing — and the CEOs live as paupers who provide the revenue and get little in return.
The “tragedy of commons” states that which is owned by all is cared for by none. Sovergein Imunity protects government workers. If there is no incentive for private industry to perform through innovation, then they will be like the communists who failed. The Politicians are giving 25 billion to allow the Amercian auto industries to make a product which will replace the gas guzzlers that the government allowed to make the politicans (and oil companies) rich. I would surmise that the Big Three has paid more that 25 billion in taxes. Allow them their conservative jets, and pehaps, require the politicans to fly Gulfstreams instead of the heavy iron, which is at least 100 times as expensive.

Posted by: olin tucker | November 22, 2008, 1:52 am 1:52 am

Security reason, Please!!!!
Full of BullSh@T!!!
The CEO’s of Ford, Chrysler and GM get rid of your luxury jets!!! Nobody would know or care who you are on any commerical plane!!!
If PDiddy can do it, I know you can do it too!!!!

Posted by: sisterdearest09 | November 22, 2008, 1:53 am 1:53 am

I am once again amazed at the audacity of some people. First it was the AIG bailout and their luxury seminars and now its the Big 3 and their corporate jets. And they all get such outlandish salaries. They need to sell the jets, no bonuses, no perks, and anyone in the company that makes over 500,000 a year needs to take a pay cut. I have read the assembly workers make like 73.00 an hour(pay and benefits together I think) I would be thrilled to make 73.00 a DAY. I don’t want to see anybody lose their jobs but NO BAILOUT unless we see some cut backs from inside the companies

Posted by: Laura | November 22, 2008, 1:54 am 1:54 am

I just don’t think people get it. We our giving 800 BILLION dollars to people that could not run it right the first time. 5 Jets, that is a joke, why cant the people fly and travel like everyone else and maybe we wouldn’t need to keep bailing out the Airlines. everyone told them the market has changed but did they? No they stayed with the 8 mpg SUV’s,Other car companies changed their line and make a ton of cash. I have owned 3 trucks made by the top 3 and if thats the best we have to offer maybe they need to fall a few rungs down the ladder and see how the real world is living.

Posted by: Timothy Miller | November 22, 2008, 1:54 am 1:54 am

I am once again amazed at the audacity of some people. First it was the AIG bailout and their luxury seminars and now its the Big 3 and their corporate jets. And they all get such outlandish salaries. They need to sell the jets, no bonuses, no perks, and anyone in the company that makes over 500,000 a year needs to take a pay cut. I have read the assembly workers make like 73.00 an hour(pay and benefits together I think) I would be thrilled to make 73.00 a DAY. I don’t want to see anybody lose their jobs but NO BAILOUT unless we see some cut backs from inside the companies

Posted by: Laura | November 22, 2008, 1:54 am 1:54 am

I will never buy another US car because of poor CEO’s of Ford, Chrysler and GM!!!
No Leadership!!!!
No Vision!!!!
No Value!!!!
No Commitment to the Community!!!
Just Pathetic Losers!!!!

Posted by: sisterdearest09 | November 22, 2008, 2:03 am 2:03 am

Look people what does it say about Congress/Senate that wants to give them the money!!!!
Something need to be done with Congress/Senate!!!!!
They are not working/looking out for the people on Main Street in this country!!!!

Posted by: sisterdearest09 | November 22, 2008, 2:11 am 2:11 am

I don’t think we should bail them out, I don’t have a federal reserve that I can go running to. The auto workers even said they wouldn’t take a pay cut, I believe I would rather make some money than none. Sell the jets, fly commercial, cut back a few millon on exec salaries. Let them work there way out the same way I would. On top of all this call in the note for the 700 billion bail out also the note on AIG. If the were to divide this amount of money up with every US citizen 18 yrs of age it would be enough that we could pay our mortgages, pay off everything we owe that would boost the banking industry and the econonmy back to booming and we would have money to spare. No more bailouts for anyone, keep your stymilus payments we are the ones who is going to have to pay it back anyway, just give me a bailout on my taxes this year.

Posted by: William T. Poole | November 22, 2008, 2:11 am 2:11 am

I’m sorry for you sisterdearest09 because you are so ignorant of the facts. GM, Ford and Chrysler have all turned almost like turning on a dime for a major industry. All three have committed themselves to building innovative new plug-in, hybrid and variable cylinder vehicles which will get upwards of infinite mileage per gallon of gasoline in local commuting. All because of the current CEOs in each of these three car companies. Get your hackels up at incompetent politicians and greedy house purchasers and flippers , real estate agents, financiers and their executives. They are the ones who deserve our anger.

Posted by: Dave | November 22, 2008, 2:25 am 2:25 am

luxury weekends for the CEO’s of the wall street and other bail outs.
The ones that ask for a loan, and will effect the people if they go under, get the run around and The democrats thumb their nose at.
Shows the democrats care more for their wealthy friends and backers, than the people.
The auto makers going under will set a chain reaction off across the country, causing hunderds of thousands of lost jobs.
Our Senate and House knows this.

Posted by: seah | November 22, 2008, 2:57 am 2:57 am

No they shouldn’t be forced to fly commercial. How about someone tell Nancy Pelosi that the federal government is in more debt than the big three automakers ever will be and maybe she should stop flying in her personal aircraft when going out of town and fly commercial herself. Pelosi has a bigger plane supplied by tax payers through the air force than any other Speaker of the House before her. I am sick of her and democrats playing politics with our money and our lives.

Posted by: Rashidi | November 22, 2008, 3:16 am 3:16 am

The jets should be sold for sure.
The salaries should be readjusted for everyone.. the execs get to much and so do the laborers if they want to be competitive they need to get real with all the wages across the board and get the union out.

Posted by: barry | November 22, 2008, 3:17 am 3:17 am

Most of the highest ranking executives of the big three should be fired. The jests should be sold. If the people loan these ompanies billions, management should be turned over to the people who are already successfully bulding autos in this country. Toyota, Nissan, BMW, Mercedes, Kia, Hyundai, the list is endless. They’re building cars in the us with happy American workers. This is management that works. Turn the big three over to these guys. Fire the failures.

Posted by: foreign car owner | November 22, 2008, 3:18 am 3:18 am

Executives have no sense of what it takes to lead a company through change. They should have sold the jets long before this session with congress. They should have been demonstrating that they can change first and actually inspire change in their companies. Building cars that people actually want to buy should have begun 20 years ago. Fire the executives and then sell the jets.

Posted by: Martin | November 22, 2008, 3:20 am 3:20 am

These clowns have the air that they are better than the common man after all they can fly in private jets with wait staff to go ask the taxpayers to give them cash to save the businesses that they screwed up.
FIRE them with no golden parachute, sell the jets. These ass wipes have been taking the public for years. Get someone else in there with a limit on the pay.
This is absolute BS just as the bailout of the banks that have been taking the public for years while the kingpins live the high life.
Let’s do as China does EXECUTE them. I have never seen a public execution but I would pay to watch these clowns go down.

Posted by: Jimmy | November 22, 2008, 3:21 am 3:21 am

If movie stars can take commercial jets, why not these ceo’s? Who do they think they are? Most people would not even recognize them on a plane. I am sick of these egomaniacs eating up the profits of a business to the point that it collapses and then we all have to pay for it. If they received salaries more in tune with what they do, they wouldn’t need this so called “security” they say they need. They don’t work any harder than I do. In fact, they probably work less. They don’t deserve this royal treatment. More power to the people!

Posted by: Isabelle | November 22, 2008, 3:22 am 3:22 am

THESE GUYS DESERVE NO COMPENSATION, FIRE THEM ALL.

Posted by: salmonfisher | November 22, 2008, 3:36 am 3:36 am

No Jet, No Jingle, No Jobs. Let it be so.

Posted by: Yankee | November 22, 2008, 3:48 am 3:48 am

The executives should have security from angry and unstable people, but let them make use of much smaller, more fuel-efficient planes (along with bodyguards). Those giant jets are ridiculously extravagant.
The main problem is that top executives feel their status can only be proven by stratospheric incomes and luxurious surroundings — which also proclaim the success of their companies, reassure investors, and intimidate potential enemies. (I can’t help comparing this behavior with that of spectacular dominant animals in nature programs.)
Fortunately the events of the past few months have shown over and over again how absurd, wasteful and destructive this privileged corporate culture can be. I hope that public disgust will lead to a new kind of competition based on sounder human and social values. Probably only stricter regulation and greater transparency can bring this about.

Posted by: Tonks | November 22, 2008, 3:59 am 3:59 am

If these “Business Men” are genuinely interested in saving their “Business” would it not be wise for them to do what ever is in their power to see that their business stay productive.
Take Oliver Stone for instance, He sacrificed his own money to save his award winning film “Platoon.” He had faith and trust in his business, so naturally he made the necessary sacrifices down to the mortgage on his home.
These CEO’s display no such business ethic’s. Not only should they Sell their private fleet they should also pool their “Incomes” and bail themselves out!

Posted by: GWALJR | November 22, 2008, 4:03 am 4:03 am

Well in the first Great Depression
you had people asking … Brother can you
spare a Dime ………..NOW YOU HAVE
SOME DUDES FLY IN ON THEIR JET AND ASK
TO BUM 25 BILLION DOLLARS….
PLEASE JUST SAY NO! TO THE BUMS!

Posted by: Anita Yova | November 22, 2008, 4:25 am 4:25 am

Sell the jets. All of ‘em.
Fly commercial.
Hire new CEO’s or ask the current ones to work for three years at a $1. salary per year. What they’ve made in the past should keep them in caviar for next few years.
Give back a little you greedy jerks.
This CEO entitlement in America has got to stop.

Posted by: carol Austin | November 22, 2008, 5:00 am 5:00 am

Let those bloated top-heavy companies crash and burn. Use the funds instead to provide grants to start up companies in alternative energy and provide training for displaced auto workers to work in the field. It’s a good opportunity to tear it all down and start all over again with our best foot forward.

Posted by: ba | November 22, 2008, 5:09 am 5:09 am

Let those bloated top-heavy companies crash and burn. Use the funds instead to provide grants to start up companies in alternative energy and provide training for displaced auto workers to work in the field. It’s a good opportunity to tear it all down and start all over again with our best foot forward.

Posted by: ba | November 22, 2008, 5:09 am 5:09 am

Who hurts the American people more… private corporation executives with their grotesque pay and benefits or the line of senators/congressman sitting before them asking stupid questions that plays well for the TV cameras and the public.
One of the best solutions to our problems here in America that I’ve heard so far is “term limits must be imposed on all senators and congressman”. The more I think about it the more I like the idea. Our federal government has spent us into near bankruptcy and we all had better wake up very soon. We are not going to like the repercussions of doing nothing to stop this federal monster that’s consuming us all.

Posted by: Bob Retired | November 22, 2008, 8:04 am 8:04 am

first, Most of their jets are leased, not owned.
second,they can work a commercial flight just like the rest of us…
it’s called a laptop, hopefully they’ve heard of it too
third, while the ceo’s cry and whine about union salary and benefits, they dont’ want to cut theirs down to what they deserve… NOTHING.
If you own the business, and its in trouble.. you get No pay, while you try to get up and running.
The workers still get paid.
The CEO’s (etc) want to act like owners, except when it comes to sacrificing like the rest of the companiesempolyees,, suddenly .. they aren’t “owners” they’re something different.

Posted by: bybyebuy | November 22, 2008, 8:50 am 8:50 am

I have lost all faith in the quality of automobiles from the big three. I have a Dodge van that the paint was peeling off, it plainly stated in my warranty book that such a problem was under warrant, when I contacted the dealer and the company they would only pay half to fix the problem, my half of the cost at the dealer would have been over twice the cost they charged me to fix it at a local body shop where I paid all the cost. Another scam I ran into was at a GM dealer where they tried to to charge me over $750 for a so called protective paint coat and over $500 for some so called under coat. In my opinion this is why people are not buying their cars. I can understand why the executives fly jets and not drive, the vehicles they make are not reliable enough to get them where they are going.

Posted by: LANNY EDWARDS | November 22, 2008, 8:58 am 8:58 am

Fire those bozos straightaway. They truly believe they deserve special accommodations and I want to know why. The bottom line is a poor showing so let’s boot them out and pay them commensurate to the work they do. I suggest $10 an hour with a $0.25 an hour raise after six months. Then, if they pass the probationary period, they get another $0.25 an hour at one year.

Posted by: Deputy_Bob | November 22, 2008, 10:14 am 10:14 am

These characters have been doing it wrong for tha last 35 years, believe me, they will not change. Big 3 needs a complete management overhaul and the UAW better get their heads out of their collective a$$’s. If they are to survive they must be in a position to compete. And it may be time for a little ole fashioned protectionism. We listened to all the free traders and look where we are. If you build it outside of the USA, you must pay to get it delivered here. All this BS of being”green” goes up in smoke because of China, Eastern Europe India and South America they DO NOT CARE about the environment and we have let all out manufacturing to go there. We will not be able to bring the economy back with a service oriented economy. We MUST get back to building things

Posted by: mjv2944 | November 22, 2008, 10:20 am 10:20 am

I just want to comment. If you are going to ask your viewers to sound off, then give us the courtsey of knowing the outcome of viewers. I’ve often wondered how the public viewed your questions, but knew. I believe the next night you should give the results of your question.

Posted by: missetoile | November 22, 2008, 10:23 am 10:23 am

These exes are supposed to be the most highly educated brilliant minds available. They are hired to do a job and run the company’s efficiently and make a profit. By doing this they are compensated with there large salaries. None of these execs are performing up to the standards for what they are being paid for and should all be replaced.
None of them are taking any personal responsibility for the problems. It always falls at the feet of the working guy.
Let them work for the same wages the other employes have to and live on that.
Just a note to remmember, chrysler got a bailout a few years ago and now they are back looking for a another handout.
Before that TCF got as bailout. Where does it stop. I say let them fail and do like any other busines has to.

Posted by: D L ERICKSON | November 22, 2008, 10:50 am 10:50 am

Doesn’t anyone wonder why the news media does not focus on the economic devastation that will ensue when the Big 3 go bankrupt? Would people be opposed to the bailout if they knew that 3 million people will lose their jobs in the 1st year. That currently the Big 3 support the healthcare of over 2 million people, support the retirements of over 750,000 people,and spend more money on research and development than any other industry. You people are falling into the trap the media wants you to, picking on trivial issues like corporate jets to lure you to hate the last bastion of manufacturing jobs left in this country. Wake up and think for yourselves before the only jobs left for your children’s future are flipping burgers!!!

Posted by: Steve | November 22, 2008, 11:00 am 11:00 am

Like most companies that acheive this level of success, greed takes over, more isn’t enough and too much will never be enough. Just read Henry Ford’s original philosophy about car making, better yet maybe the execs of the big three need to read his biography, it’s always been about the customer and in their line of work it will continue to be about the customer, they should remember one shafted customer turns to two, and two to four….think long and hard BIG THREE, Is your philosophy today the same as it was when you first began? I owned a ford , a pontiac firebird, a chevy cavalier and a suburban, now I drive a Toyota Camry and wouldn’t you like to know why? Did I lose my faith in you? I live near a GM plant, I had to listen when the strikes started over pay raises, and benefits and watch the sad, sad stories about the Gm workers forced to eat macaroni and cheese three nights a week because they weren’t being paid while they weren’t working! Laura nailed it on the head, you are all overpaid! CEO’s top of the list. If you really want to restore faith in your companies and if you really want our business, don’t jack up the prices of your cars, offer us 0% financing for 60 months and call that helping out and I don’t want the same employee discount all GM employees get! I want a decent American made product, with few to no recalls ( nobodys perfect) and I want the guy building it to be perfectly content with making 30.00 bucks and hour to do it! Which by the way is the average salary of the folks who have to FIX these vehicles once they roll off your lines! No Bailout money until the EMPLOYEES at the BIG THREE show some loyalty and respect to the consumer who also happens to be the AMERICAN TAXPAYER!

Posted by: Joan | November 22, 2008, 12:02 pm 12:02 pm

Of course the execs need to quit using luxury jets to travel in! All of the jets need to be sold off and the money infused back into the company. Why can’t the execs live closer to their work? Why can’t they fly commercial on business trips? The Big 3 need to do everything they can to cut corners, make things more efficient, get workers to work for less money. Then, we need a progressive business plan from the companies, LOAN them the money they need to stay solvent, and keep them afloat until they can become competitive again. Remember – the CEOs don’t build cars. In fact, they don’t even seem to be too awfully good at WHATEVER it is they’re supposed to be doing for the betterment of their respective companies.

Posted by: dlh | November 22, 2008, 12:06 pm 12:06 pm

To all those that say these very important guys shouldn’t have to waste their time waiting for planes and flying commercial, I say why not? I have a job with travel demands and I cannot be as efficient flying commercial either but unfortunately I have to do so. My guess is if every CEO of a top company had to fly commercial, as well as the wealthiest Americans, magically flying would become more efficient and not a time waster…just a guess….

Posted by: KP | November 22, 2008, 12:30 pm 12:30 pm

The industry knew twenty years ago they had been selling inferior products to American’s. Point: in 1970 over in Germany I had the pleasure of first hand experience of knowing what is to go to a service station that was closed with no attendant but able to purchase fuel by placing money into pump and it was dispensed according to the amount entered,also miles per gallon was higher than without fuel injected supposingly fuel effecient modern technology,ie;verses turn signal dimmer instead of floor,sunroofs and other advanced technology on vehicles there as opposed to American vehicles. Also in 1960 Oil companies purchased an engine that operated on any combustible liquid and gave over 60 miles per gallon then and moth balled it. This was briefly displayed in the news but Quickly shutdown.They knew then that it was keeping America twenty years behind everyone else.

Posted by: Melvin | November 22, 2008, 12:52 pm 12:52 pm

The industry knew twenty years ago they had been selling inferior products to American’s. Point: in 1970 over in Germany I had the pleasure of first hand experience of knowing what is to go to a service station that was closed with no attendant but able to purchase fuel by placing money into pump and it was dispensed according to the amount entered,also miles per gallon was higher than without fuel injected supposingly fuel effecient modern technology,ie;verses turn signal dimmer instead of floor,sunroofs and other advanced technology on vehicles there as opposed to American vehicles. Also in 1960 Oil companies purchased an engine that operated on any combustible liquid and gave over 60 miles per gallon then and moth balled it. This was briefly displayed in the news but Quickly shutdown.They knew then that it was keeping America twenty years behind everyone else.

Posted by: Melvin | November 22, 2008, 12:52 pm 12:52 pm

That’s wondeful, but Ford can’t get rid of their jets! If they did Mullay, their CEO wouldn’t have a ride to work. He lives in Seattle and catches a ride to and from Detroit every week. Also, it’s in his contract that Ford provide a plane for his wife as well. After all, I’m sure she has lots of important places she needs to go! Maybe like taking the kids to soccer practice!

Posted by: roscoe02 | November 22, 2008, 12:52 pm 12:52 pm

First, why not make them justify the need to be anyplace they need to be so quickly? Possibly they could, at least for certain occasions. But then, what’s wrong with using much smaller planes (maybe a small exec twin-engine) rather than the obscene multimillion-dollar jetliners? Heck, I’ll take a job as pilot.

Posted by: ML | November 22, 2008, 1:02 pm 1:02 pm

Small businesspeople plow a good portion of their business profits back into the business to help it grow and flourish. They usually take a very spare livelihood for themselves. The Boards of Directors of the Big 3 auto makers are rarely made up of “ordinary” folks, but are often CEOs of other large companies. Stockholders of these huge firms may get to vote to fill a vacancy of a specific board, but rarely know a thing about a nominee, so their votes are nothing more than paper tigers. Those who blame the unions and the factory workers for the tribulations of the industry don’t know what they’re talking about. All most of them do is put the parts together to build specific vehicles. The CEOs approve the designs; they’re the ones who’ve deliberately turned a deaf ear to what the majority of Americans want in a vehicle: energy efficiency; structural integrity; ease of operation; environmentally friendly; and style. We don’t need Hummers; we don’t need gas burners; we don’t need the Lincolns, Caddies, Crown Vics, big Chrysler luxury cars; we do need sturdy pickup trucks, vans, i.e.,working vehicles; we don’t need leather seats, burled maple consoles, DVD players, Wi-Fi as standard perks. Let the boards and CEOs plow their excessive salaries, bonues, stock options, bonuses, back into the businesses their excesses have drained almost to death so that they make what the public wants. NO JETs. Let them fly 1st class w/security guards; they can still use their laptops and Blackberries to work without the luxuries of a private jet.

Posted by: nanameow | November 22, 2008, 1:50 pm 1:50 pm

>>I’m really tired of this! I’ve given up EVERYthing, sold all my furniture, haven’t bought new clothes in 3 years (except underwear), haven’t seen a movie, been to a nightclub in 4 years.<<
ME TOO! I can't even afford to buy a 1/2 gallon of ice cream and these guys make millions of $$ salaries. Let them sell the planes and cut their salaries down to a reasonable amount of money…NO BAILOUTS…and if they want their companies to make money they can build/design BETTER QUALITY cars at more REASONABLE PRICES. Last time I bought a new car was in 1992 and it was a MITSUBISHI. Prices of new cars are ludicrous! I am not going to contribute to someone's 20 million dollar salary. We never should have bailed the crooked banks and insurance companies out either!!! NO ONE IS BAILING US POOR MIDDLE CLASS OUT AND WE ARE THE ONES SUFFERING.

Posted by: Lasandra | November 22, 2008, 2:04 pm 2:04 pm

I cannot understand why these execs are getting ANY bonuses, salaries or perks! Aren’t they the ones who are ultimately responsible for the success or failure of their companies? If you or I caused our companies to be on the verge of bankruptcy, we would be FIRED! I say NO BAILOUT if these execs keep their jobs!

Posted by: NV-Sparkle | November 22, 2008, 2:24 pm 2:24 pm

Every event is scheduled so there is no reason why they need to fly on private planes to get here or there. It is for their own importance and convenience, and for someone like Mullaly to fly back and forth to WA state each weekend or his wife to fly here and there is despicable when workers are being laid off. No one should fly on private planes unless it is on their own dime. After all, the millions and millions they are paid are more than enough for them to operate their own plane without the rest or the company having to foot the bill. NO BAILOUT!! EVER!!!

Posted by: Karen | November 22, 2008, 2:47 pm 2:47 pm

It shouldn’t be the auto industry only. All persons seeking assistance @ the expence of the taxpayers should have to cut their lifestyle and give up the jets
To the persons who talk about the concerns of their safety, we are all @ risk when we fly, drive, walk or run. Their life is no more precious than mine. Don’t know about yours. Life is not guaranteed to anyone.

Posted by: Donab Thompson-Messam | November 22, 2008, 3:11 pm 3:11 pm

Sell the jets. Get rid of the execs. (They got their companies into this mess in the 1st place…and don’t reward them with any out-the-door packages!) How about a little “trickle down” here: Cutbacks and reorganizing should start at the top. These guys don’t have a clue!

Posted by: Lois | November 22, 2008, 4:42 pm 4:42 pm

Lead by example. Does congress fly commercial? I don’t think so.
I would have more respect for all of this if congress would quit grandstanding. Want to save billions? Get rid of the VIP fleet.

Posted by: John | November 23, 2008, 4:13 am 4:13 am

What a riduculous waste of money! Auto execs should fly commercial! Bill says in his post that we can’t afford to fly them commercial at their wage of $7000/hr. Why do they earn this much in the first place? Have they done a good job of running these companies? Have they come up with smaller, more efficient earth friendly autos that we, the little guy can afford or feel good about buying? Do the rest of us get rewarded when we perform poorly at work? No, we get fired and there is no one there to bail us out!
Are these CEO’s so inept that they can’t make good use of their time while waiting fot their commercial flight…hello…laptop! Annette Fildes posts that they are at risk of kidnapping…laughable….dont’ you think if that was going to happen it would have happened when these guys were worth something? If they think they need security …hire some body guards at a fraction of cost of private jets. This is just dumb! There is NO justification for this self indulgence! The rest of us are struggling to put food on the table and these guys are whining about flying commercial. Gee, wouldn’t it be nice if WE could even afford to take a vacation and fly commercial?
We are all making sacrifices, why can’t they? How many homeless, hungry people do we have right here in the US? How many people could be helped with the money wasted to fly thse CEO’s around? Or the $7000 that they make in one hour? It is pathetic that they feel they have the RIGHT to this luxury!

Posted by: Mary | November 23, 2008, 1:36 pm 1:36 pm

I think that the BIG CEOs think the American people are SOS( stuck on stupid). If they’re not willing to give up their exaggerate lifestyle to help their ailling companies then WHAT the HELL! If they get the LOAN I hope it comes with very strict provivions 1. FIRE all the current exces and use their bonues to bailout their own company. 2. Take away their outrageous bonuses and perks and anything that they’ve profitted from at the workers expense.3. Be made to sell all those homes. We all know that when they get what they want from the government it will be business as usual. They’ll take a lavish vacation with their friends on their private jets and give us the FINGER, just like AIG. A ceiling cap should be put on CEO’s salaries and there should be no private jets and no bonuses. We are tired of being screwed when we are the ones who basically made
things work in this country and NEVER get any HELP WHATSOEVER when we have problems and we are in trouble. NO ONE comes to our aid. Now they (CEO’s)want us to support their lavish lifestyle while the companies they claim to have such a high regard for goes under and not wanting to do anything to help. They don;t give a DAMN about the companies, their workers or the American people. Bail them out and they’ll be LAUGHING all the way to the BANK.

Posted by: Ursula | November 23, 2008, 1:52 pm 1:52 pm

It is really simple, if all of the execs used smart business tools, like http://try.nefsis.com , then they would save huge travel money, and save emissions and be responsible like all of the great businesses that know these are the tools to keep a business growing, not failing.

Posted by: Pat | November 24, 2008, 12:43 pm 12:43 pm

Warren Buffet is probably the most qualified businessman. His comments were dead on correct. Let the Big 3 executives invest a SIGNIFICANT portion of their net worth back into their companies. This will give them the motivation to work hard and send a statement to the taxpayers that they are willing to do their part and share in a loss or gain. If they are not willing, then they are telling us they have no confidence in their own product of their making. They would also be more prudent in their spending such as those private jets!

Posted by: Ken Topham | November 24, 2008, 5:04 pm 5:04 pm

Warren Buffet is probably the most qualified businessman. His comments were dead on correct. Let the Big 3 executives invest a SIGNIFICANT portion of their net worth back into their companies. This will give them the motivation to work hard and send a statement to the taxpayers that they are willing to do their part and share in a loss or gain. If they are not willing, then they are telling us they have no confidence in their own product of their making. They would also be more prudent in their spending such as those private jets!

Posted by: Ken Topham | November 24, 2008, 5:04 pm 5:04 pm

Mary their hands are tied by the auto unions to pay the ridiculous salaries of the auto workers. Where does that money come from?
You Mary can go straddle a fire hydrant. Just because ‘you’ have never done anything of significance in your life doesn’t mean anyone else can’t either. They are execs for a reason.
You are no different than the pathetic jealous type that comments to something like this because you feel you are entitled to your fair share. Guess what missy, we all have the same chances of getting to be executive. What did you do with your chances, blow them no doubt that’s why the hatred and the grudge.
You know what, I hope they tank. That way those overpaid union workers can find another job that pays what they were making. Get rid of all the employees, tear up the contracts and close the doors. After a couple of months, open up under a different name. Put adds in the paper, now hiring shift worker $12/hour. Problem solved.

Posted by: Smith | November 24, 2008, 7:39 pm 7:39 pm

These three auto executives are so arrogant and are not able to see the reality. They certainly do not have any work ethic. Their expectation to get money from government is “WELFARE MENTALITY.” They certainly do not have any idea how everybody else work so hard to pay TAX. Their salary must be reduced according to their performance, which is ZERO at this point, and for sure no JET SET LIFE style anymore!

Posted by: Michi Otaya | November 25, 2008, 12:48 pm 12:48 pm

Japan does not have much of natural resources, especially OIL. They say that every drop of OIL is every drop of BLOOD. That is the reason Japan is producing oil efficient cars. Management of American automobile companies are so out of touch of reality, one of them said on a news that he could not predict the oil price will go this high. (Though it came down)
Though America has oil more than Japan, it is always important to consider conservation when America depends on oil soupply from other countries. CEO of aoutmobile companies of Ameirca are so selfish, greedy, and incompetant.

Posted by: mo | November 25, 2008, 2:08 pm 2:08 pm

Yes, sell the jets and we as the American People need to say NO MORE>
When we are fighting to keep the homes that we have and food on the table why should they be helped. To keep giving to the rich and take from the working person is crazy. If the goverment has billions of dollars to give away give it to the people that pay taxes every year that need help feeding there children and paying their bills and trying to keep their homes. America needs to wake up NOW! I have a bank payment to make if I am late guess who gets weekly phone calls about a payment.
Bankers cannot pay their debts who goes running to the goverment to get bailed out!!!! The next time I can’t make a payment I am going to tell them you already got your payment thru my paying my taxes, deal with it. Now the auto industry wants us to pay their debt too.
WHO IS GOING TO PAY OURS!

Posted by: Robyn | November 28, 2008, 10:44 pm 10:44 pm

I do not feel that the US government should bail them out. They need to sell those planes and use those funds to keep going. If they are bailed out, then what about us, the US taxpayers. I would like someone to pay my debts, but do not have that option. If I can take care of mine, they can take care of theirs. Stop paying out all those big bonuses and put that back into the companies.

Posted by: Elaine | December 3, 2008, 12:13 am 12:13 am

NO Money, let them all go into Chapter 11… reorg…show us and tell what they are going to fix their business and then offer gov (our money) help with oversight and mandates in what cars this country needs. But, the auto companies definitely need to cut down the numbr of auto and brands each offers.

Posted by: Losman | December 3, 2008, 12:14 am 12:14 am

Until there are new CEO’s, CFO’s and Board members I wouldn’t give them a penny. Not a penny! If they refuse then give the workers their compensation and let the country build an electric or solar powered car. We have got to re-think what transportation is and what it represents.

Posted by: John-Albert Dickert | December 3, 2008, 12:14 am 12:14 am

make them go into Chap 11, get unions to renegotiate to $50 an hour. People who take the $50/hr stay, they rest are through. Offer those jobs to the public and you’ll have people lined up from Michigan to Tennessee applying. There’s also no reason why retirees need to have their insurance completely paid for with little or no deductible. Let them kick in a little just like every other retiree.

Posted by: chris | December 3, 2008, 12:15 am 12:15 am

Don’t make the workers for the big three suffer, for the mistake of the poor decision making. I think the automakers should get not a bailout, but a loan. I think they will emerge from this stronger! Again I ask that you not make the worker suffer for things they have no control over.

Posted by: Denien | December 3, 2008, 12:15 am 12:15 am

In a free market, companies are allowed to prosper, they must also be allowed to fail. No bailouts of any kind to any company, be it bank, car company…let the market decide: good companies prosper and bad ones must fail.
Now that the government gets its hands in every companies, we should rename our nation as The Socialist Republic of America, instead of The United Stated of America. I hate to think that Karl Marx is finally vindicated when he said:” give the capitalist a rope and he will hang himself because of his greed”.

Posted by: Jim | December 3, 2008, 12:21 am 12:21 am

Can ANYONE SPELL MULTI TASK? OR – GLOBAL ECONOMY?
We expect our CEO’s and right down to our INDIVIDUAL PERFORMERS to compete globally in the marketplace. To do so, they must make every second count! I work in a Global IT Corp, my day starts at 5 am US ET to meet with Europe on an “late” day and ends at 10 PM on an “early” day to meet with our Asia team, although my IT company is US based, every minute of my day is critical….and I am not a CEO. If I have a hope or prayer of seeing my children and keeping my job this flexibility in this global ecocnoy is a MUST DO ! To do this each day, every minute, every hour MUST be productive. My most UNPRODUCTIVE, NON-BILLABLE time is traveling upon standard air carriers and sitting in airports, stranded ! PLEASE GET REAL – THINK LOGICALLY! At my rate, this is a waste MAJOR WASTE OF RESOURCES. IMAGINE THE “hourly rate” of a CEO for one of our the Big Three – COME ON PEOPLE – ALLOW LOGIC – LOGIC – LOGIC TO PREVAIL!
1) Each are each others prime competition
2) ANY MFG Corp (OR ANY OTHER SUCCESSFUL CORP) does not “collaborate” with their competition – REMINDER – THIS IS AMERICA – HOME OF THE FREE
3) Sure maybe if their administrative assistants had spent a day together coordinating schedules they could have done some “ride sharing”, but really has anyone assessed those costs? I’m sure while they were traveling on their Jets each minute was productive – that would not have been so if they were together as they would have had to choose words carefully and be guarded the entire flight!

Posted by: Michele Manzardo | December 3, 2008, 12:32 am 12:32 am

Can ANYONE SPELL MULTI TASK? OR – GLOBAL ECONOMY?
We expect our CEO’s and right down to our INDIVIDUAL PERFORMERS to compete globally in the marketplace. To do so, they must make every second count! I work in a Global IT Corp, my day starts at 5 am US ET to meet with Europe on an “late” day and ends at 10 PM on an “early” day to meet with our Asia team, although my IT company is US based, every minute of my day is critical….and I am not a CEO. If I have a hope or prayer of seeing my children and keeping my job this flexibility in this global ecocnoy is a MUST DO ! To do this each day, every minute, every hour MUST be productive. My most UNPRODUCTIVE, NON-BILLABLE time is traveling upon standard air carriers and sitting in airports, stranded ! PLEASE GET REAL – THINK LOGICALLY! At my rate, this is a waste MAJOR WASTE OF RESOURCES. IMAGINE THE “hourly rate” of a CEO for one of our the Big Three – COME ON PEOPLE – ALLOW LOGIC – LOGIC – LOGIC TO PREVAIL!
1) Each are each others prime competition
2) ANY MFG Corp (OR ANY OTHER SUCCESSFUL CORP) does not “collaborate” with their competition – REMINDER – THIS IS AMERICA – HOME OF THE FREE
3) Sure maybe if their administrative assistants had spent a day together coordinating schedules they could have done some “ride sharing”, but really has anyone assessed those costs? I’m sure while they were traveling on their Jets each minute was productive – that would not have been so if they were together as they would have had to choose words carefully and be guarded the entire flight!

Posted by: Michele Manzardo | December 3, 2008, 12:36 am 12:36 am

Since when do companies deserve our tax money at a time when they are “failures” at their own business? Take responsibility for the years of putting out wrong products, substandard quality,and an uneducated work force all protected by the corrupt “rich cat union elites”. This whole bailout of Wall Street, Banks, and the CORRUPT UNION BIG 3 car companies deserve to go away. Let Toyota and Honda continue to manufacture the quality products(here in America as they successfully have done). They should file Chapter 11 and follow the rules like any corporation. The CEO’s should be let go(Bob Nardelli at Chrysler, ran HOME DEPOT into the ground and walked away with $250 million dollars- let him subsidize the auto indistry as he is currently putting Chrysler into the grave).
I am middle class and have lost 1/2 of my stock portfolio and 401-k, lost my job, got a new job for 50% less pay- Can someone “bail me out”????

Posted by: Kim A | December 3, 2008, 1:29 am 1:29 am

NO jets for the execs every other redblooded American is suffering a heck of alot more with a heck of alot less so the jets would be a very small sufferage for them they have spent their way into needing more and more well Americans need more and more also . So the less they spend in Auto planet will show that they ARE WILLING to pitch in like everyone else,look at AIG EXEC does NOT mean EXEMPT!!!

Posted by: bARRY | December 10, 2008, 12:21 am 12:21 am

If the auto execs hadn’t wanted so much for so long maybe they wouldn’t have had to layoff and make the unemplpoyment line longer

Posted by: bARRY | December 10, 2008, 12:24 am 12:24 am

Leave a Reply

Do you have more information about this topic? If so, please click here to contact the editors of ABC News.