The big three auto CEOs got
raked over the coals today by Congress for each flying to D.C. in private corporate jets, vs. commercial flights. Members of the House Financial Services Committee ridiculed the big wigs, who are in Washington to ask for a multi-billion dollar Federal bailout of their failing companies. Rep. Gary Ackerman observed:
"It's almost like seeing a guy show up at the soup kitchen in high hat and tuxedo."
The clueless CEOs apparently don't have a problem cutting their workforces, as long as they retain the perks they've become accustomed to. If the bailout goes through, we're betting Congress will insist that their corporate jets are sold.
