Epic Fail for Chrysler Management - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

*The_Blur* · 11-14-2008, 11:20 AM

Let's cut jobs and pay bonuses! You fail Chrysler, and I hope all of those executive bonuses are the last ones you ever get. Chrysler's decision to do this is the type of thing that is causing the current administration to reject loan proposals to Detroit.

Bash Chrysler.

headpunter · 11-14-2008, 11:23 AM

the problem is that those bonuses were already promised last year. undercontract for remaining with the company when it was sold by Mercedes. I do think they could have asked the execs to wait but there were still bound to get them sooner or later.

*The_Blur* · 11-14-2008, 11:29 AM

Quote:

Originally Posted by headpunter

the problem is that those bonuses were already promised last year. undercontract for remaining with the company when it was sold by Mercedes. I do think they could have asked the execs to wait but there were still bound to get them sooner or later.

If I could afford my lifestyle and I worked for Detroit, I wouldn't cash the check. I hope they don't cash theirs, but some people have greed where their honor should be.

*Mr. Wyndham* · 11-14-2008, 12:02 PM

Contracted or not...that's not going to look good to the public.

Here's GM doing the legwork getting the public aware of the situation, Ford reshaping itself to appeal to the gov't when it does make a decison.....and Chrysler...giving out executive bonuses while slicing jobs.

yeah...that'll go over real great.

kevin2323 · 11-14-2008, 12:23 PM

Quote:

Originally Posted by Dragoneye

Contracted or not...that's not going to look good to the public.

Here's GM doing the legwork getting the public aware of the situation, Ford reshaping itself to appeal to the gov't when it does make a decison.....and Chrysler...giving out executive bonuses while slicing jobs.

yeah...that'll go over real great.

yea and Wagnor is still taking in 15+mill per year.

the big 3 is a fail...not just chrysler...\

but yea EPIC FAIL chrysler!

Hylton · 11-14-2008, 12:28 PM

Hopefully the loan will have some pretty clear provisions which will put a stop to executive compensation which is above and beyond their salary.

*Mr. Wyndham* · 11-14-2008, 12:32 PM

actually...he's only pulling in $2.2 mil in 2007 not including his stock (which has to suck right now)...

*The_Blur* · 11-14-2008, 12:33 PM

Quote:

Originally Posted by Hylton

Hopefully the loan will have some pretty clear provisions which will put a stop to executive compensation which is above and beyond their salary.

It's a shame that Chrysler couldn't do this on its own. Contracts aside, executives should be compensated for success, not failure. When you aren't selling your product, salespeople don't earn commissions, so why do executives get their compensation?

Hylton · 11-14-2008, 12:35 PM

Quote:

Originally Posted by The_Blur

It's a shame that Chrysler couldn't do this on its own. Contracts aside, executives should be compensated for success, not failure. When you aren't selling your product, salespeople don't earn commissions, so why do executives get their compensation?

What??!! Earn what you make? What a concept! Why that will revolutionize the banking industry! /sarcasm off....

*The_Blur* · 11-14-2008, 01:58 PM

Quote:

Originally Posted by Hylton

What??!! Earn what you make? What a concept! Why that will revolutionize the banking industry! /sarcasm off....

I like the sarcasm.

I have another picture for Chrysler.

*GTAHVIT* · 11-14-2008, 01:58 PM

Quote:

Originally Posted by The_Blur

It's a shame that Chrysler couldn't do this on its own. Contracts aside, executives should be compensated for success, not failure. When you aren't selling your product, salespeople don't earn commissions, so why do executives get their compensation?

In this case, they aren't being compensated for anything other than staying with the company. If we can blame GM for entering into bad contracts with the unions, then we can apply the same logic to Chrysler for dumb incentives to execs. A contract's a contract.

*The_Blur* · 11-14-2008, 02:01 PM

Quote:

Originally Posted by gtahvit

In this case, they aren't being compensated for anything other than staying with the company. If we can blame GM for entering into bad contracts with the unions, then we can apply the same logic to Chrysler for dumb incentives to execs. A contract's a contract.

I wish I could get a bonus for just being employed.

*GTAHVIT* · 11-14-2008, 02:09 PM

That's kinda my point.... If they offered it to me.... I'd probably make em pay up... Maybe. Now, if I can save 1,000 jobs for a year if I don't take the bonus, and can guarantee that my unclaimed money will do exactly that.... I may not take it..

But that is just me. The bottom line is. I'd have every right to take that money if they were dumb enough to sign the contract.

Kyle2k · 11-14-2008, 02:31 PM

Quote:

Originally Posted by gtahvit

That's kinda my point.... If they offered it to me.... I'd probably make em pay up... Maybe. Now, if I can save 1,000 jobs for a year if I don't take the bonus, and can guarantee that my unclaimed money will do exactly that.... I may not take it..

But that is just me. The bottom line is. I'd have every right to take that money if they were dumb enough to sign the contract.

To me it all goes back to the saying, "just because you can doesn't mean you should"

11-14-2008, 11:20 AM	#1
The_Blur Moderator Drives: 2018 Harley-Davidson Street Bob Join Date: Nov 2007 Location: San Diego Posts: 14,769	Epic Fail for Chrysler Management Let's cut jobs and pay bonuses! You fail Chrysler, and I hope all of those executive bonuses are the last ones you ever get. Chrysler's decision to do this is the type of thing that is causing the current administration to reject loan proposals to Detroit. Bash Chrysler. __________________ RDP Motorsport//GEN5DIY//Cultrag Performance//JPSS//Rodgets Chevrolet// Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban

11-14-2008, 11:23 AM	#2
headpunter Not That sad..considering Drives: Man Join Date: Aug 2007 Location: the part of washington the capital forgot about. Posts: 3,747 View My Garage	the problem is that those bonuses were already promised last year. undercontract for remaining with the company when it was sold by Mercedes. I do think they could have asked the execs to wait but there were still bound to get them sooner or later. __________________ Stop Whinging

11-14-2008, 12:02 PM	#4
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,876 View My Garage	Contracted or not...that's not going to look good to the public. Here's GM doing the legwork getting the public aware of the situation, Ford reshaping itself to appeal to the gov't when it does make a decison.....and Chrysler...giving out executive bonuses while slicing jobs. yeah...that'll go over real great. __________________ *"Keep the faith."* - Fbodfather

11-14-2008, 12:28 PM	#6
Hylton Drives: fanboys and ass kissers crazy. Join Date: May 2008 Location: Ottawa, Ontario Posts: 7,280	Hopefully the loan will have some pretty clear provisions which will put a stop to executive compensation which is above and beyond their salary. __________________ "BBOMG - More than just a car show.... It's an experience!"

11-14-2008, 12:32 PM	#7
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,876 View My Garage	actually...he's only pulling in $2.2 mil in 2007 not including his stock (which has to suck right now)... __________________ *"Keep the faith."* - Fbodfather

11-14-2008, 02:09 PM	#13
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,444 View My Garage	That's kinda my point.... If they offered it to me.... I'd probably make em pay up... Maybe. Now, if I can save 1,000 jobs for a year if I don't take the bonus, and can guarantee that my unclaimed money will do exactly that.... I may not take it.. But that is just me. The bottom line is. I'd have every right to take that money if they were dumb enough to sign the contract. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

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