-I would see if I could get someone working inside Honda or Toyota just to take in what the corporate culture was. They've done lots of things right and now isn't the time to be arrogant.
-I would take the time to figure out what the average person wants to drive. Just because I make lots of cars doesn't mean people want to drive them.
-I would actually DRIVE what the average person wants to drive and travel how the average business person travels. Taking corporate jets right now just shows how far out of touch these guys are.
-When asking for money, be polite and courteous. The UAW has completely antagonized everyone whenever they talk. Yes it's the government giving the money but it's the taxpayer that's paying it. Being protectionistic and conceited at this point is the only thing killing them faster than making cars that have 10 mpg.
A business is simple. Find something that people really want and sell it for more than you pay for it. In order to do that, set a fair wage for the ground level worker (NOT $70 an hour) and keep bureaucracy to a minimum. Pay well but comparable. Making 35 million a year and having big payout bonusses when your competition is 100x more successful and making 10% what you make isn't going to work no matter what the business.
Time to move on North America. Yes, we will lose a lot of jobs and the economy will tank big time in the short term. But pouring 100 million into an industry that is doomed to fail is only going to make it worse. If the big 3 fail now, Toyota and Honda will buy these plants up and produce more here creating the jobs we're talking about. And it will invite others to come and do the same - built on a plan that lasts. In the long term, we have more jobs and an industry that needs to look forward and not backwards. It's a win/win for everyone - including the taxpayer that wants accountability for their hard earned tax dollars and the front line worker that really just wants some job security and not being laid off every other month.
I guess it isn't really EVERYONE that wins...the 10 executives that make in excess of 40 million a year might retire since they realize that for 99.999% of the population, they will never see in their lifetime what they make in a week. And the unions won't like it because they'll lose their ability to be entitled to everything just because they have a big membership.
Thursday, December 25, 2008
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