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Originally Posted by Cannon Shell
Car companies are not solely to blame for their problems. The unions crippled them for years which led to the foreign companies dominance by not having crippling labor obligations including pension and healthcare for retired employees, many of which were in their early 50's which means they were going to live for a long time.
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The type of cars they were pushing (while
using governement incentives "cash" to make cheaper
fuel efficient cars) was a huge error. They gambled
on a big car market that was small and lost.
And the CEO's did not fall on
their swords. They went away with bonuses
that would offset all the crap the unions pushed.
I wonder if the CEO's can get health insurance
having avoided falling on their swords...