Saved From Certain Disaster Chrysler Drops $400K On Ads Thanking Taxpayers, Is This A Wise Use Of Money?
Agent009 submitted on 12/30/2008 Official Bell & Ross Timestamp: 9:10:28 AM
19 user comments | Category: Misc News | Source: | SOURCE: www.detnews.com
If you have been following the Detroit bailout over the last month or so, you can pretty easily see how out of touch the leaders of these organizations really are.
While these CEO's genuinely want to save their respective companies, I don't think any of them expected the backlash they received from both the public and government leaders.
It seems everyone had a beef with the Detroit 3 but the never knew it.
Imagine the shock:
1. You have go to Washington twice for a bailout that no one in their right mind wants to give you.
2. You get blasted for taking expensive corporate jets to beg for money.
3. You suddenly discover most of the U.S. car buyers have written you off for irrelevant and poor quality products. Even though your sources tell you otherwise.
4. Your workforce is labeled as lazy.
5. You are scolded for not investing in the future and focusing on on short term profit only.
6. You are grilled for not saving for bad times.
Now after this whipping shed moment and in the final hour, against all odds, you are finally given a stay of execution.
Should you be grateful? Well yes, and these leaders obviously were.
But should Chrysler really have spent $200,000 a pop on a series of full page ads in The Wall Street Journal and USA Today, thanking the citizens of this fair land for "investing" in the troubled carmaker.
While it may be a nice gesture , it seems like that money could have better been spent on investing in their future, not thanking a public that could care less if you survive or not in the first place.
Have they really learned their lesson?
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