Be Willing to Step Aside
The auto CEOs provided a much greater amount of information in their second appearance before Congress, which was essentially a "do over," since they were largely unprepared in their initial appearance. They should have gotten it right the first time.
Nonetheless, to really ensure the companies' products, capacity and compensation structures are both competitive and sustainable, we still need more information and protections for the tax-payer. Any workable plan needs comparative metrics and key milestone markers.
Perhaps most importantly, the CEOs should signal their willingness to step aside, if necessary, in order to get a deal done.
Posted by: BRUCEREALTOR@GMAIL.COM | December 10, 2008 4:16 AM
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