It seems that today many companies and their officers are driven by greed. The Government bailouts are not being used in the proper manner to save these companies from failing. This is disturbing to me that General Motors plans to close 500 dealerships and layoff thousands of jobs. Even more disturbing is that GM officials say that without the second installment of $5.4 billion dollars they will run out of money by March 31, 2009. It makes you wonder what are they doing with all that money that would make them run out? With $5.4 billion dollars you could save a whole lot of jobs. I think this is poor management to get this far into debt and not be able to pay your bills and save jobs.
When the whole auto industry is in trouble, instead of looking at the bottom of the food chain to cut costs, they should start from the top. This rather large house cleaning project should begin at the home corporate offices and look at over spending that is unnecessary, then go down to the branches of the company. Top executives refuse to take a pay cut when there are families that have worked in the Auto Industry for years living from paycheck to paycheck. Chrysler and GM need to take notes from a few competitors take some responsibility for their actions and realize it is their employees that are the core of the company and it’s what makes a company better.
As I was browsing around the internet I found a quote that I think the US auto makers have forgotten about. “There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.” ~ Henry Ford
BMW makes a strong statement that they take responsibility for their actions and they exist to make the world a better place. They wouldn’t be where they are today if it weren’t for the employees that make up the most important part of their company.
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