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Old 11-14-2008, 12:20 PM   #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, 12:23 PM   #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, 12:29 PM   #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, 01:02 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, 01:23 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, 01:28 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, 01:32 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, 01:33 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, 01:35 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, 02:58 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, 02:58 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, 03:01 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, 03:09 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, 03:31 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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Old 11-14-2008, 03:36 PM   #15
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To me it all goes back to the saying, "just because you can doesn't mean you should"
I think it is important to add the following image of catastrophic failure.

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Old 11-14-2008, 03:49 PM   #16
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To me it all goes back to the saying, "just because you can doesn't mean you should"
As long as you intend to apply that saying to both parties involved. What If I offered you a million dollars to mow my yard l(less than 1/4 acre). Which one of us is dumb?

I could employ hundreds of employees for that amount of money. Or I could just give it to you.

I'd say that I'm the dummy. Just because I can spend 1 mil on a lawn service, doesn't mean I should.

The question is: Would you take the money and do it yourself? Or would you hire and pay employees to do it for you at extreme salaries?

If you took the money, you'd be a greedy executive. If you hired people and paid them super high salaries for yard work you'd be dumb like me...

Not to pick on you Kyle,

I'm really using this example to show that it's a little more complicated than it appears on the surface. Bottom line is in situations like this, all parties involved are at fault. If you don't want to pay execs big salaries, don't hire expensive execs....
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Old 11-14-2008, 03:57 PM   #17
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As long as you intend to apply that saying to both parties involved. What If I offered you a million dollars to mow my yard l(less than 1/4 acre). Which one of us is dumb?

I could employ hundreds of employees for that amount of money. Or I could just give it to you.

I'd say that I'm the dummy. Just because I can spend 1 mil on a lawn service, doesn't mean I should.

The question is: Would you take the money and do it yourself? Or would you hire and pay employees to do it for you at extreme salaries?

If you took the money, you'd be a greedy executive. If you hired people and paid them super high salaries for yard work you'd be dumb like me...

Not to pick on you Kyle,

I'm really using this example to show that it's a little more complicated than it appears on the surface. Bottom line is in situations like this, all parties involved are at fault. If you don't want to pay execs big salaries, don't hire expensive execs....
Maybe the wording is wrong. Just because Chrysler's executives can get paid now doesn't mean they should be paid now. They should get their bonuses when they are not about to be acquired, shut down, or bankrupt. Therefore, I post another image of preposterous failure.

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Old 11-14-2008, 04:00 PM   #18
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big commisions buys big sharks...big sharks take big bites...big bites= big profits
Big profits = kept jobs

vicious circle of life.
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Old 11-14-2008, 04:07 PM   #19
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As long as you intend to apply that saying to both parties involved. What If I offered you a million dollars to mow my yard l(less than 1/4 acre). Which one of us is dumb?

I could employ hundreds of employees for that amount of money. Or I could just give it to you.

I'd say that I'm the dummy. Just because I can spend 1 mil on a lawn service, doesn't mean I should.

The question is: Would you take the money and do it yourself? Or would you hire and pay employees to do it for you at extreme salaries?

If you took the money, you'd be a greedy executive. If you hired people and paid them super high salaries for yard work you'd be dumb like me...

Not to pick on you Kyle,

I'm really using this example to show that it's a little more complicated than it appears on the surface. Bottom line is in situations like this, all parties involved are at fault. If you don't want to pay execs big salaries, don't hire expensive execs....
Oh for sure, I just think it was a lack of foresight, or whatever you want to call it on the board of directors or whoever is in charge of Chrysler.
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Old 11-14-2008, 04:10 PM   #20
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Bed bath and beyond is bankrupt because of it's poor hiring practices.
They hire cheap labor and cheap labor ripped them off blind and mismanaged the store on an epic level.

it's quite a double edged sword.
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Old 11-14-2008, 04:11 PM   #21
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Maybe the wording is wrong. Just because Chrysler's executives can get paid now doesn't mean they should be paid now. They should get their bonuses when they are not about to be acquired, shut down, or bankrupt. Therefore, I post another image of preposterous failure.
No it doesn't. But it does mean they are entitled to be paid. They have every right to take the money. Not that they should.

So, I pose the same question to you. I am offering you a contract to mow my lawn for 1 mil for a single summer (3 months). How you decide to do it is up to you.

Do you accept the contract and if you do, how do you spend the money?
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Old 11-14-2008, 04:13 PM   #22
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How good of a mower is he?
Will he use sissors, or a tractor-pulled mower?
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Old 11-14-2008, 04:14 PM   #23
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No it doesn't. But it does mean they are entitled to be paid. They have every right to take the money. Not that they should.

So, I pose the same question to you. I am offering you a contract to mow my lawn for 1 mil for a single summer (3 months). How you decide to do it is up to you.

Do you accept the contract and if you do, how do you spend the money?
I'd hire a couple of neighborhood kids while I spend the summer in Hawaii......
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Old 11-14-2008, 04:16 PM   #24
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How good of a mower is he?
Will he use sissors, or a tractor-pulled mower?
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I'd hire a couple of neighborhood kids while I spend the summer in Hawaii......
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Old 11-14-2008, 04:21 PM   #25
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Originally Posted by Wm Holden View Post
big commisions buys big sharks...big sharks take big bites...big bites= big profits
Big profits = kept jobs

vicious circle of life.
We're talking about Chrysler, not Donald Trump. Of all the companies to spend on the best executives, I think its clear that Chrysler isn't the leader. This is the company that just departed from Daimler and got acquired by a private equity firm that doesn't even want to sell cars.

What makes me so angry about this is the fact that Chrysler deserves the least in bonuses. These are the same guys that Daimler deemed worthless and supposedly couldn't run a company. This is why they can't run a company. They put themselves first. Where's the teamwork? Every business that has ever employed me asked if I was a team player. This is hypocrisy—epic fail for Chrysler management.



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No it doesn't. But it does mean they are entitled to be paid. They have every right to take the money. Not that they should.

So, I pose the same question to you. I am offering you a contract to mow my lawn for 1 mil for a single summer (3 months). How you decide to do it is up to you.

Do you accept the contract and if you do, how do you spend the money?
I would do the work, buy a Camaro daily driver, buy a ZR1 track monster, invest heavily in GM, and donate a quarter of it to charity. If I get free money, so do a bunch of people who need it.
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