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Old 11-19-2008, 01:21 PM
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Post Detroit CEOs fly private jets to Capitol Hill beg-fest

Filed under: Etc., Chrysler, LLC., Ford, GM

Earth to the not-exactly-Big 3 CEOs: When you fly to Washington to beg for an industry bailout, do yourselves a favor and leave the corporate jet at home. ABC News has thrown Rick Wagoner, Alan Mulally and Bob Nardelli directly under the bus, reporting that each exercised costly private jet perks for their joint appearance before Congress instead of setting an example by flying commercial.

In his taped report, ABC's Brian Ross points out that Wagoner's round-trip on the company G4 cost approximately $20,000. A first class, round-trip commercial ticket from Detroit would have instead cost around $900 (multiplied by however many people Rick had in his entourage). Ross questioned Wagoner about his using the jet as he was leaving the hearing. The GM CEO replied that it was used only for "urgent situations." Alan Mulally also flew private, presumably on the same Ford-owned jet that ferries him and his wife home to Seattle on the weekends. No details were given on Nardelli's travel specifics, other than that he too arrived on a private jet.

We understand that these are perks many CEOs enjoy, but when you're about to stick your hand out for billions of dollars, it might help to suck it up and slum it in First Class like the rest of us. Oh, wait. Of course, the first class cabin on a Northwest Airlines jet isn't as optimal for perfecting your presentation as a private, flying boardroom. On the other hand, a commercial flight would let the three CEOs all fly together so they can get their sob stories straight. Hang on to your wallets, everyone.

[Source: ABC News, Photo by Mark Wilson/Getty]Detroit CEOs fly private jets to Capitol Hill beg-fest originally appeared on Autoblog on Wed, 19 Nov 2008 11:30:00 EST. Please see our terms for use of feeds.

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Old 11-19-2008, 01:38 PM
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Those are the types of decisions which show us why the big 3 auto companies are in such financial turmoil. The buck has to stop somewhere you CEO idiots!!!

Heck, I bet these CEO's are only worried about the "bonus" checks they write out to themselves at the end of the year anyways. Well guess what fellas, "bonuses" should be a thing of the past!! You need to get off your fat duffs and begin restructuring your companies to operate on a slimmer budget. Something you promised America & congress on the 1st cash relief we gave you!! It can be done, these private jet flights point this out easily!!!

Anyone else on here feel this way?
-Jon R.

The 1960 Ford Thunderbird. The WORLD'S most wanted car....

VTCI Member#6287.
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