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...auto industry in trouble. You can tell how bad each company is doing just by looking at these hard copy reports. Ford, which seems best-equipped to ride out the economic storm, puts together a forward-looking document full of boxed-off pull quotes. The more dire GM ("Recent significant declines in dealer orders are now adversely affecting first-quarter production schedules and revenue forecasts") packs its statement with charts and graphs and lots of diverting graphics. And Chrysler? It's 14-page document, half the size of the others, looks like a college sophomore's final term paper...
This from a legislative body that has raised money-wasting to an art form. It wasn't too long ago that members of Congress often mistook corporate aircraft for the Congressional Airline. "Hitching" a ride on corporate jets was such a regular event, and so abused a privilege, that eventually the solons had to stop themselves. There was nothing to stop Senator John McCain from using his wife's jet to make dozens of campaign stops this year, contravening but not breaking election laws because he, or at least Mrs. McC, "owned" the aircraft through a family company. (Read...
Invariably, the jets that CEOs ride - Gulfstreams, Citations, Lears - are described as luxurious by reporters who probably have never been on board. Good guess, though. Being a business journalist, I've been on a number of corporate chariots, ranging from Nike's (think new, cushy Air Jordans with wings) to Wal-Mart's (think used Chrysler minivan with wings.) Typically, you are offered a ride-along with the CEO to watch the big boss in Action Mode. I'm not really sure if this is designed to impress or if it's simply an effective...
...right now and that translates into a desire among voters here to elect someone who will work with the new President and work across the aisle to move his agenda forward." Unless, of course, Georgians decide that they don't want the next President to have that easy a ride in Congress...
...meantime? Get out and sell its vehicles. I have rented GM compact cars for the past 20 years and find them to be of excellent quality. GM salespeople need to get out of their cushy showrooms and offer to take people out for a demo ride and lunch at the deli. The company could win by a landslide. Perry Munson, Grosse Pointe, Michigan...