Auto officials nailed on private jets

One more reason a totalwaste of tax payer's money

My Gawd, we can't have these barons of industry flying with the unwashed masses who bought discounted Priceline tickets!

These guys are from the champagne and caviar set. We can't expect them to buy a boxed 'Bistro Bag' lunch, can we?

don't bail them out. they have money to spend on private jets. they still have money.

Is that the same Alan Mullaly that pulled in $27M in compensation for the first quarter of 2007??? That Alan Mulally???

He's up on the Hill asking for a bailout?

Whew! I was concerned that $27M for 4 months of work wouldn't be enough. How much do you want, Alan? Just let us taxpayers know.

These guys have driven their companies into the ditch and now they've come to D.C. with hands out, but they still don't get it that the party is over.

The peasants have no bread...so let them eat cake!!

Gosh - doesn't anybody know anything about CEO insurance policies?

Most corporate CEOs in companies with corporate jets are REQUIRED to use those jets as their ONLY mode of travel, as per the insurance requirements of being the Chief Executive Office and Chairman of a Publicly Traded Company.

In these cases, the CEO and President (if not the same person, like in most companies) are also prohibited from traveling together on any one flight, and in some cases, in the same car.

For gosh sakes people - learn a little bit about something before railing against it.

Are you shocked? I'm sure they haven't canceled any golf outing either. They're not going to be struggling this Christmas like the rest of us either.
Soft hands and nice nails will always be!

Did anyone ask them their salary ranges over the last three years? What sacrafices they as individuals were willing to make? Where EXACTLY they planned on putting the money?? All extravagances should be pulled from these spoiled, arrogant men. It's insulting to the American public.

Wrong meeting Mr. Sherman. The airline bailout hearings haven't started yet.

So, asking these guys to pay more in taxes is Socialism but them asking for a bailout is OK?

Who wants Republican America? If you do, pay for your own CEO to fly in private jets, don't ask the taxpayers for it.

Ah, yes, those forward looking, visionaries that make up the management team at the ( Not so ) Big 3 !! They gave us those economical SUVs, increased miles per gallon and what polluters !! Can you prove your worth any better then these executives have?? Maybe President Bush is the only one that can !!
Mean while, the union workers, take the blame for the excesses of these executives, one CEO making 28 Million Dollars, a year !! Where is the complaining there, from these union-busters ?? These snipers and distortionists know that it is not the union workers that have put the Auto Industry in trouble, but President Bush and his incompetent administration. Hiring a Secretary of the Treasure who has been, at play, on Wall Street since 1972, being a CEO of Goldman-Sachs, for seven of those years. Can anybody be any more incompetent, than our outgoing President !!? I really don't think so !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

Makes you wonder if any of the Democrats on The Committee have flown on any special interest aircraft-

buy the auto companies. dump the execs. repo the jets.
nationalize all patents they took out of circulation re: transportion, energy generation/delivery or related.
Keep the unions, contracts, people.

The yahoos couldn't even get together and use just 1 private jet. Each plane costs around $20,000 round trip. Oh, poor guys, let me get my wallet....

EK, yes, I think you are very right, and most of these people here do not know how the world works. That said, this is why I say that the stock market is to blame, and that businesses need to be owned by owners, and not stock owners. For the record: The pigs should fly.....at standard fare.

I never really thought about it til this morning when some guy called in on C-span and said he would be LIVID if we bailed out GM after they shipped a bunch of jobs to Mexico!!!! ...Food for thought...why should we bail out a company that's shipped jobs out of the country because of CORPORATE GREED...LET MEXICO BAIL THEM OUT ; THEY'RE THE ONE WHO GOT THE JOBS!!!!!

Perhaps some reporter should ask what autos the members of this House Committee own? And how often they fly commercial?

That question would resemble what we in journalism used to call "reporting." Thus, no Tribune reporter will ask it.

The Big Three should have split the cost of one private jet. Why didn't the Senate put Paulson and the banks through the ringer for the 850 billion in tax funds as they are doing to the Big Three? The bailed out banks continue their private jet lifestyle and no one is crying. The senators are arbitrary hypocrites.

Aside from the distraction of the private jets - the bail out of the auto industry presents real ethical enigmas. ...........

http://thefiresidepost.com/2008/11/19/detroit-bailout-an-ethical-conundrum/

All those mortgage loans got disbursed, didn't they?
That money ended up in someone's pocket.

These Chief Eating Officers are (unwittingly) like that Dark Magician who reveals how all the illusions are engineered onstage. They are like Dick Fuld at Lehman Bros., still raking in all that dough as the company slid into bankruptcy.

Or like, for that matter, Bill Clinton, who played chicken with Ken Starr for 18 months while the country's business was put on hold. So he could hold onto his perks and gratify his ego, rather than resign the way Eliot Spitzer did.

More contempt for us peons down here.

The only one going to make it out is FORD just look at the LA Auto Show might as well buy F stock and get your tax bailout money back!!!

To make matters worse, the Fusion is a Mexican import. This idiot wants us to give him money to keep Canadian and Mexican factories going. He needs to get back into his Fajitamobile, go to his private jet, and have the pilot take him to Ottawa and Mexico City.

I wonder how many Americans are tired of our Congress and members of the House living by different standards from those they expect the rest of America to live by?
Those on the panel yesterday that ridiculed the heads of the Auto Makers for flying into Washington in private jets, and insult all of America by fearing that they might mis-use any bail out monies for "bad decisions" like the ones made for the last 25 years need to remember who was in bed with who in a concerted effort to deter The Big Three in Detroit from making fuel efficeint cars and trucks in the first place, while they jetted away on trips paid for by lobbiest and passed laws that in effect have been a big part in getting America to where she is today.
I for one think the first bill our new President should sponsor is that if you're an Attorney, you can't hold a public office. It's time for America and American's to wake up and smell the stink comming from Washington, and demand the idiots we elected do their job and knock off the B.S.

I love it when the Bush-McCain Republicans try to make a point, the misinformation, the half-truths come at you, like a torrent. The unions have made mighty concessions to the Auto Corps, as the Executive Officers flew around in their lear jets. The cost of the union-worker in the cost of a new vehicle is 8-10% of the automobile, comparable to the non-union made automobile. Their wages are in the process of becoming comparable. As I will add, the non-union workers should be thanking the union members for the decent wages, they are making !! They fought hard and bloody for those wages and those benefits. My question is: How can we reign in, or punish, if necessary, the Executive Officers for malfeasance and incompetence ?? Why should the workers have to suffer these injustices ?? Please, no more answers that speak to, oh, well, that's Capitalism !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

First, for a CEO to travel on a commercial jet doesn't void their insurance policy, it just takes away their payout if they die on the flight.

Second, three days ago GM announced they were going forward with their $1.5B investment in BRAZIL.

http://money.cnn.com/news/newsfeeds/articles/djf500/200811171231DOWJONESDJONLINE000477_FORTUNE5.htm

I don't care if they plan to play an accounting shell game with money, I do NOT want my tax dollars subsidizing jobs in BRAZIL.