So Rick Wagoner, the Chairman and CEO of General Motors, flew in a private jet to and from Washington, D.C. in order to ask for his company's portion of $25 billion in government bail-out funds. Am I the only one who wonders why he didn't drive a GM-built car from Detroit to D.C. and back to show his faith in the quality of the vehicles being built under his watch? And did you notice his testimony before the U.S. Senate? He read his notes. Read them, as if he somehow lacks the knowledge of what is going on at the company he directs.
Keep in mind that Wagoner is lavishly compensated, to the tune of reportedly taking home over $14.4 million in 2007. One would think that an executive at this level would be able to hear the sounds of a poor economy; instead he came off as tone deaf.
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