22 November 2008

Maybe I shouldn't have taken the corporate jet

Well done. CEOs from the big American car makers went to Washington this week asking for money to keep them afloat. They flew in on their corporate jets and didn't bring a plan that outlines what they plan to do with the money. Scott Simon (NPR, Weekend Edition Saturday) likened this cluelessness to showing up at a soup kitchen in a top hat and tails.

Don't these people have minders? Trusted advisers that would at least counsel that if you're asking for $25 billion to get you out of dire financial circumstances perhaps you should fly commercial? Let alone showing up without a plan. "I need 25 billion dollars." "What do you plan to do with that money?" "I need 25 billion dollars."

Or is it just plain arrogance?

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