Tuesday, December 02, 2008

BizJets and Bailouts

Many of you saw Rep. Brad Sherman ask the CEO's of the Big Three if they would sell their jets and fly home commercially. No takers.


I really would have liked one of the CEO's to have stood and said, "Rep Sherman, I'll make you a deal. If you'll give up using the government's fleet of private jets and fly commercial as you travel around the world on the taxpayer's dime, I'll give mine up, too. Except, you know, my jet is leased. Have you ever tried to break a car lease? Well, Gulfstream frowns upon my company breaking its lease on the jet, too. We don't own it -- we lease it."

None of these guys has the balls to say it. Too bad...I might even support giving them the money if they'd said it.

It's seems incredible that not one of the marketing folks at an automaker said, "What a great marketing opportunity. Let's put our CEO in the last row of coach on United or Delta, have him roll up his sleeves, and let's get a picture of him on the way to Washington." Would have won a Pulitzer.

As it is, screw em. Chapter 11 is designed for the problems GM, Ford, and Chrysler have.

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