CEOs of Big Three Flew Private Jets to Beg for Money

by Stephan Tawney on November 19, 2008

But of course. You didn’t expect them to fly commercial when they traveled to Washington to beg for American taxpayers to bail them out, did you?

The CEOs of the big three automakers flew to the nation’s capital yesterday in private luxurious jets to make their case to Washington that the auto industry is running out of cash and needs $25 billion in taxpayer money to avoid bankruptcy.

The CEOs of GM, Ford and Chrysler may have told Congress that they will likely go out of business without a bailout yet that has not stopped them from traveling in style, not even First Class is good enough.

All three CEOs – Rick Wagoner of GM, Alan Mulally of Ford, and Robert Nardelli of Chrysler – exercised their perks Tuesday by flying in corporate jets to DC. Wagoner flew in GM’s $36 million luxury aircraft to tell members of Congress that the company is burning through cash, asking for $10-12 billion for GM alone.

GM’s demanding $10-12 billion from taxpayers as its CEO jetsets in a $36 million luxury jet. And it expects us to take it seriously? They’re in such dire financial straits that its executives still refuse to fly commercial? That’s like someone taking their Rolls-Royce to panhandle on the corner.

Via InstaGlenn.



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