Now Cough

Saturday, December 06, 2008

Layoffs



Here are the heads of the Big Three automakers: Wagoner from GM, Mulally at Ford and Nardelli from Chrysler.

Why, as a condition of getting a federal bailout, should they NOT be forced to resign? Plenty of regular Joes and Janes are going to see their lives sent into a tailspin because of their (and their boards') incompetence.

Why do these guys get to keep their jobs? Clearly they are not indispensable.

UPDATE: As I was saying...