Big Three Sheep
It's huge news about the big three automakers coming to Congress for a bailout. What really got the attention of the press was when they all arrived on private jets. In the hearings, they were grilled about their travel arrangements and chastised like children. On their second trip to DC, all three executives apparently drove from Detroit.
It might be good PR. But it's stupid business.
Here's another way to look at it. If you have enough confidence to entrust someone with a billion or ten billion or whatever, do you really want him spending the next ten hours in a car? Or waiting in Chicago for a delayed flight? Wouldn't you want him to have everything he needs to help him make the maximum use of every second? For my money, I want him with that jet at his beck and call. If he has to be in Japan tomorrow for a deal to keep 2,000 jobs, that's what it takes. It's not about living large. It's about big picture thinking. The press has to stop focusing on what makes incendiary headlines and more on what makes the world go 'round.
Copyright 2008, Bremmer & Goris Communications, Inc.