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HK

wrote:
On Mon, 31 Dec 2007 11:05:07 -0800, "Calif Bill"
wrote:

If that happens, no one will be more to blame than the US automobile
industry with their consumer be damned attitude. After two or three
serious wake up calls you'd think that the message would have gotten
across but it obviously hasn't happened. Detroit won't change until
the last fool in the country finally dies.

Is not the fools in the country, is the fact that the automotive industry is
controlled by a very small group of people. And most are children of the
founders. Lots of stock and no ability, still gets them on the Board of
Directors.

Couple that with a union that forces companies to pay people
$65,000-$70,000 a year to do virtually nothing and you can see why the
auto industry has either moved to "right to work states" or simply
given up its market share to the Asians.

What's that, the daily rate for the CEO's who bilk the corporation, and
then leave under their golden parachute?