http://devonellington.wordpress.com/2008/11/19/wednesday-november-19-2008/ A Writer's Journal Wed, 11 Nov 2009 20:08:51 +0000 http://wordpress.com/ hourly 1 http://devonellington.wordpress.com/2008/11/19/wednesday-november-19-2008/#comment-16533 Brenda Thu, 20 Nov 2008 12:07:07 +0000 http://devonellington.wordpress.com/?p=1010#comment-16533 The entire bailout situation is just embarrassing. I don't believe any corporation should get taxpayer money. If the people in charge cannot manage a profitable businesss and step aside. The entire bailout situation is just embarrassing. I don’t believe any corporation should get taxpayer money. If the people in charge cannot manage a profitable businesss and step aside.

]]> http://devonellington.wordpress.com/2008/11/19/wednesday-november-19-2008/#comment-16531 bookmom Wed, 19 Nov 2008 19:11:18 +0000 http://devonellington.wordpress.com/?p=1010#comment-16531 Greed and stupidiy make for a messed up world. *sigh* Greed and stupidiy make for a messed up world. *sigh*

]]> http://devonellington.wordpress.com/2008/11/19/wednesday-november-19-2008/#comment-16522 Lori Wed, 19 Nov 2008 14:04:11 +0000 http://devonellington.wordpress.com/?p=1010#comment-16522 I've been on the fence on the bailout due to the fact that I've seen my hometown area die off thanks to jobs heading to China, Japan, India, etc. But no one bailed out Edsel. It failed. If we want to remain competitive, we have to change our business model. Boards have to force accountability on their own CEOs, which is a tough sell to a board comprised of nothing but CEOs. As for the products, good enough is no longer good enough. We have the ability to create phenomenal products and still allow for profit. Unfortunately, corporate greed speaks louder. Until there's a dose of reality - until the government says "Tough nuts" to the CEOs waiting for the handouts - it won't change. I don't care how much regulation, restrictions on the cash or any other method of accountability is forced on them, they're going to find ways to justify overspending. And if they can't fly coach once in a while, they get nothing. I’ve been on the fence on the bailout due to the fact that I’ve seen my hometown area die off thanks to jobs heading to China, Japan, India, etc. But no one bailed out Edsel. It failed. If we want to remain competitive, we have to change our business model. Boards have to force accountability on their own CEOs, which is a tough sell to a board comprised of nothing but CEOs. As for the products, good enough is no longer good enough. We have the ability to create phenomenal products and still allow for profit. Unfortunately, corporate greed speaks louder. Until there’s a dose of reality – until the government says “Tough nuts” to the CEOs waiting for the handouts – it won’t change. I don’t care how much regulation, restrictions on the cash or any other method of accountability is forced on them, they’re going to find ways to justify overspending. And if they can’t fly coach once in a while, they get nothing.

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