I just heard on the news that these three auto industry executives went to beg for money in Washington; all three of them flew there on corporate jets, costing their companies each around $20,000 for the one flight (according to the news). Disclaimer: I have no idea if this is a realistic number.
Combine that with the Wall Street companies that spent around $250,000 on executive retreats the week after getting the $700 billion bailout passed.
Either these people have completely lost touch with reality, or they are arrogant beyond belief. In either case, they don’t need to be managing any company – these are perfect examples of at least part of the problem.
I can’t see why we need to help these people. Shucks, send ME money – it’s obvious that I need it a lot worse than they do.