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Old 11-14-2008, 11:20 AM   #1
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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.
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Old 11-14-2008, 11:23 AM   #2
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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.
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Old 11-14-2008, 11:29 AM   #3
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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.
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Old 11-14-2008, 12:02 PM   #4
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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.
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Old 11-14-2008, 12:23 PM   #5
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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!
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Old 11-14-2008, 12:28 PM   #6
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Hopefully the loan will have some pretty clear provisions which will put a stop to executive compensation which is above and beyond their salary.
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Old 11-14-2008, 12:32 PM   #7
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actually...he's only pulling in $2.2 mil in 2007 not including his stock (which has to suck right now)...
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Old 11-14-2008, 12:33 PM   #8
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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?

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Old 11-14-2008, 12:35 PM   #9
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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....
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Old 11-14-2008, 01:58 PM   #10
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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.

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Old 11-14-2008, 01:58 PM   #11
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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.
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Old 11-14-2008, 02:01 PM   #12
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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.

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Old 11-14-2008, 02:09 PM   #13
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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.
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Old 11-14-2008, 02:31 PM   #14
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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"
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