This week, the automakers are going out of their way to show deference to lawmakers and a willingness to flog themselves for past mistakes. “I think we learned a lot from that experience,” Ford CEO Alan Mulally told The Associated Press in an interview.
Mulally said he’d work for $1 per year if his firm had to take any government loan money. The company’s plan also says it will cancel all management employees’ 2009 bonuses, scrap merit increases for its North American salaried employees next year, and sell its five corporate aircraft.
So why shouldn't we have this?:
So in a show of good faith, I would like to see our federal leaders take the lead in fiscal accountability by refusing to accept a salary until, as they've demanded of the automakers seeking a bailout, they can demonstrate a plan to bring their enterprise into the black and repay their debt. Until then, Congress should just be grateful that, like the fat cat executives that they castigate, their pay is not determined by their performance, and avoid drawing undue attention to the fact with their hypocrisy.
I hadn't thought about it this way before, but I have to agree. If the Federal Government wants to lecture companies on poor performance, greed, and excess at the top, they should be required to look in the mirror and hold themselves to the same standards.
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