Can we PLEASE make it part of the Bailout package?
As you may be following that the American auto industry ( GM , Ford and Chrysler ) is asking the US Government to bail them out with a $33 to $15 billion (not million but billion) loan. The Legislative body and the Executive body are currently scrutinizing the three companies and their bad practices. Today the President Elect Barack Obama stated that the CEO of GM should step down and Chrysler should be merged. I don't have an MBA or have any high level business acumen but I do read the papers and see that the big three pay around $70/hr on average to auto worker since the auto workers are part of an auto labor union. I also saw recently that GM cancelled their multi-million dollar endorsement deal with Tiger Woods . I don't know that an endorsement deal with an uber-good athlete is not a good marketing strategy. What I do know is a decent understanding of NFL football ? The brain power behind Ford is also managing the Detroit Lions who still haven't won a gam