Good news today.
Apparently the CEOs of GM and Ford must have been reading this blog and listening to our advice.
The bosses of America’s two biggest car companies are promising to work for just one dollar a year, if the US Congress gives them access to a $25-billion loan.
That’s a start on The Village Square plan toward fiscal solvency for Detroit. Next, the CEO of the third biggest car company, Chrysler needs to go all in for the $1 annual salary. After that, it’s the employees’ (and union’s) turn to ante up on what they’ll do to ensure that American continues to manufacture marketable cars. After all that, we’ll talk dollars from taxpayers.