GM's Dilemma
One of the overriding themes of the Obama Administration has been abject hatred towards executive pay. Celebrities and athletes should continue to be paid $5-$50 million a year through a recession, but for a CEO who creates jobs, drives the economic recovery and achieves real gains to do so is criminal. The anti-competitive Ayn Randian hatred of those better than you is right at the surface these days. Now, Government Motors has to hire a new CEO. They want someone from outside GM. I want to watch this one. Who is willing to work for 500 different bosses (the US Senate., the UAW, Obama and Obama's team of political thugs) with no clear objective: are you meant to be building better cars? Saving American jobs? Is the company a company or a welfare program like Amtrak, the Long Island Railroad, Fannie and Freddie, and the Post Office? But really, what I want to see is what they are willing to pay. Ford hired Allan Mullaly from Boeing with a huge salary. Was he worth it? Initially it ...