[lbo-talk] who's gonna take the hit in auto

[John Thornton]

Doug Henwood wrote:
> Wall Street Journal - December 4, 2008
>
> Auto Bailout Will Leave Many Victims
> By LIAM DENNING
>
> With regards to other stakeholders, the executives, having sacrificed 
> their salaries, have only their jobs left to give.

Some gave away salary but didn't Ford's head honcho make 2 million in 
salary but 23 million is bonuses last year?
How much of the bonus was shares and how much in cash?
Why shouldn't the people who put these companies in such bad positions 
through their policies of concentrating on SUV's (a policy some inside 
opposed) forfeit their jobs anyway?

John Thornton