Why aren't the Auto execs being asked to drastically cut their pay and future?

[blueinindiana]

GM and Chrysler are expected to get more money from the government but the bond holders and the unions once again have to pay the price.

The Labor Unions, what is left of them in this country always seem to have to bare the biggest burden.

I assume unions whatever clout they used to have must be totally exhausted and siding with greedy executives always seems to be the safe political bet no matter who is in the White House.

None of these executives from any of these companies have had to take any significant cut in pay or anything.

Companies piss all over union contracts everyday in this country but when it comes to a an Executive contract it is ironclad.

Sadly many Unions members vote for the very same assholes who started this crap in the 80's.

I have no answer for this, voting doesn't seem to work no matter whom gets in its basically the same economically speaking.

[LuvNewcastle]

1. Here's an article about auto executive

pay cuts. http://blogs.consumerreports.org/cars/2009/02/ford-execs-bill-ford-alan-mulally-take-pay-cuts.html

[lib2DaBone]

2. How About Drug Testing The Auto Executives? After All. It's Their Fault...

[bbinacan]

3. See Reply #1

ever heard of doing some research before you start a thread.:eyes:

[blueinindiana]

5. So are they going to set their pay permanently lower too?

I mean the unions have to make permanent concessions on everything, executives only have to do it for a certain window of time.

Does GM have to make their compensation "inline" with foreign manufactures the way labor has to do?

Ever heard of not being a smart ass?

[bbinacan]

6. I really don't know

the intricacies of labor contracts so I can't answer your question. I seem to have heard something about not being a smart ass, but I don't remember what it was.:evilgrin:

[SmileyRose]

4. Rich Wagoner said he'd work for $1 - on camera, in front of Congress

I kinda doubt he is though.