Tuesday, March 31, 2009

I Don’t Understand The Logic

When a non board member fires the CEO of a publicly traded corporation and stipulates the merger of another corporation within a certain time frame, then proclaims that he is not taking over the two companies. What’s worse, Obama’s decrees just removed most of the bargaining chips that Chrysler held in negotiations with Fiat. Also, is it saving the American automobile industry when you demand that one of the big three merge with a specific foreign company? All of this comes as icing on the government-made cake that continually demands retooling in order to meet ever changing standards imposed by politicians with no engineering or business experience. Although Obama called for “sacrifice” he did not fire or even chastise union leaders nor did he mention crippling legacy costs.

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