Come on LLN. yes Ratner wanted to get rid of Chryslers management and fired Wagoner. Thats what happens when a company goes bankrupt. A lot of people get fired.

But it is after bankruptcy that the government said they would not be involved in day to day management. Has anyone any evidence of government management AFTER bankruptcy and the takeover by Fiat? The only one that sorta fits is the wage cap. And that does not really fit the “day to day” management of a company. And if it does, oh well. I do disagree with this cap because it does not allow the hiring of outside execs though.

To put a salary cap is a smart move some one needs to manage management until management can manage themselves. Further more clean off the top, start new with some real brains to run a company up instead of down. Chrysler is one of my fav car companies. I want to see them survive. They have potential but you must first rid everything that may stand a chance of hindering progress.

Stop lying Obama! STOP IT!!!

BuyUSA, please tell us where Obama is lying in this case?

They should cap the wages and bonuses to the amount of net profit from sales and sales figure, without no accounting from savings made by cutting, exporting jobs overseas.

This would be a very good indicator of the exec performance.

I would EXPECT to fire the a-holes that helped plunger this company to almost oblivion.

Whenever another entity, being the gov’t or another company takes over, 1st thing they do is can people. Especially the top staff if the company is going down the tubes.

Good for the auto task force to flex their muscle!

I can hear the Republicans now…”They should have kept mgt! Gov’t interference!”

Also, carstuff, “lying”???

The gov’t is NOT taking part in day-to-day operations. How is canning the whole upper mgt team a “day-to-day operation”?

Typical stupid Republican comment.

Teahead, you’re obviously partisan. Management runs day to day operation, therefore by changing management, you’re essentially affecting day to day operations. Especially if the government were to hand pick the management team based on how they feel the company should be run. However, it would be fair to suggest GM hire new management as long GM execs do the hiring under the direction of Fritz Henderson.

03T4R, if you haven’t noticed, FIAT has picked the mgt team, not the Gov’t.

Yes, I’m obviously partisan b/c the right-wing nutjobs , Toyota/Honda lovers say stupid **** on this board every day.

I see that and that’s exactly the way it should be done, without the government becoming their dictator. I used GM as an example there, sorry for the confusion. You also have to admit there’s just as many American car lovers on here that say just as much crap as anyone else. When people aren’t aware of personal bias, they tend to say irrational things. I’m Libertarian by the way and love my Toyota.

teahead, go re-read BuyUSA’s post and then carstuff’s post and then question whether you’re flaming the right person for using “lying”…i think you mis-read something there…(as in, who used “lying” in the first place)…

of course you affect day-to-day operations by replacing management, but that’s not the ****ing point…the point is that government officials won’t be running day-to-day operations, the people conducting day-to-day operations will be chrysler employees…considering how ****ty the company was being run, getting rid of management is the right thing to do…

don’t bastardize the term day-to-day operations to try and twist somebody’s words to make them seem like a liar…

i would like to add politics has no place in the car industry.

I too believe there should have been no government intervention for the car companies. Both GM and Chrysler should have received no bailouts and undergone bankruptcy. However, when you bailout companies with taxpayers’ money you should have mandatory oversight of these companies. The upper management in both needed to be fired, period.

Pay it back GM and Chrysler – It’s your American obligation!

teahead, sorry I offended you.

I will repeat my statement.

Yes Ratner wanted to get rid of Chryslers management and fired Wagoner. Thats what happens when a company goes bankrupt. A lot of people get fired.

But it is after bankruptcy that the government said they would not be involved in day to day management. Has anyone any evidence of government management AFTER bankruptcy and the takeover by Fiat? The only one that sorta fits is the wage cap. And that does not really fit the “day to day” management of a company. And if it does, oh well. I do disagree with this cap because it does not allow the hiring of outside execs though.

Now could you show me where Obama has been lying on his influence on day to day activities? Please feel free to include GM and Chrylser.

thank you and have a good day.

COMPLETELY fresh managment team , all the rats already abandoned this ship with their booty

Actually, the management at Chryco was less of a problem then the whole company was in already. There was always speculation what team could dig Chryco out of the sh!thole it was in. I am not a fan of HomeDepot guy (forgot his name), but he was not running day to day, he was building the team and actually the team was OK. The patient was DOA before hitting emergency room (or even ambulance for that matter). I do believe that Rattner is full of crap, but it is not a scientific fact, just an opinion.

Yup Borat – You’re right. It’s not like they had the guy who helped make Toyota the #1 company in America in charge or anything… Oh wait, they did.

They keep on making it like the people in charge at the very point were at fault for Chrysler – when it was the Daimler folks who created the mess and already had jumped ship (Dr. Z). the team they blamed had literally zero time to try and improve things without the biggest recession to hit in decades.

It’s easy to blaim the guy in charge when there is alot of sh!t going down (Bush and Obama can both agree with that) but they aren’t the problem, they only inherited problems and weren’t given the proper tools to fix it.

I have to disagree on the inherited problem argument in this case. The Big 3 could have worked to produce much better quality cars long before it got to this point, they simply became complacent or even a bit c*cky in my opinion. They’ve been in financial jeopardy for almost 2 decades. It wasn’t until the American public realized how much better the imports were back in the late 90s that the Big 3 got the message to change their game. They may have avoided bankruptcy if they acted 10 years ago. I believe they dug their own graves in this case as a result of greedy corporate execs and union leaders that didn’t really care about the overall health of the companies. There’s no way we didn’t have the ingenuity and capability of keeping up imports back then, the execs just failed to act early enough.

Jake, even Benz was not the culprit. Read Iaccoca book “Where Have All the Leaders Gone?”. It is very accurate account of what happened and the author takes the blame for bringing “seasoned exec from GM – Eaton”. This guy was a typical GM bureaucrat. Iaccoca was trying to return to Chrysler to improve operations (I believe with Kerkorian’s help) and that is when Eaton managed to get in bed with Benz. Kerkorian filed claiming takeover, not merger but suit was dismissed and Kerkorian was proven to be right by history not near sited judge.
In the same book Iaccoca mentioned Lutz (not is a good way) hence my displeasure with the guy. I consider Iaccoca one of the best automotive execs, and definitely one of the best in US history.

Rattner is no brain surgeon. This is a case of the blind leading the blind.

blanket statements about the government and industry don’t really help further this argument because separating government and industry only happens in fantasy land…

the government has bailed out chrysler before, for one..the government also establishes consumer protections that make industry jump through hoops so that their products don’t kill us (to be blunt)…government, in general, handles the reigns on industry, because otherwise they would rape you for every penny (would you really like credit card companies to charge whatever fees they like, whether fair or not, for example? really? how generous of you towards credit card companies!)…now you can argue whether the pressure government applies is too strong or too weak in one sector or another…but realize i’m also using “government” as a synonym for law…you can’t have law, and beneficial (to consumers) corporate limitations, without government…

Borat, his name was Nardelli.

Carstuff, don’t apologize for offending Teahead. It’s not your fault. He works at being offended on his own. The rest of us understood your statements.

What LLN is really pointing out is that the two people, Obama and Rattner, gave conflicting stories.

By “not getting involved,” I believe Obama is talking about the government not making the day-to-day decisions themselves. However, replacing the management is a pretty big decision. I would be interested to see how much reporting to the government the new management team would have had to do. Hopefully, only financials and tax info.

I’ll miss Chrysler if they go away. I really like them.

Hey, LeftWing, LAWN DARTS FTW!

Lefty, credit cards companies do not charge interest on plastic! Banks do! Banks sell money as a government agents. Hence a carnal relationship. No government (except communist) can sell its own currency and banks in essence are the agents of government.
The regulations on industry in US is not done per say by government but by court. It is court who determine the legal liability. Government set up agencies for our “protection”, but guess what? Before 60’s (Kennedy administration) there were no agencies to do so, but life was not any worse in US then it is today! Every president since Kennedy adored large government, but the value of those “largesses” is questioned by every economist in US.
And final reminder: you don’t have to use credit cards! Before late 70’s few people did. Using your analogy, government should regulate price for iSongs on iTune since current generation cant live without it?

Nice condemnation of Bob Nardelli and his merry band of retards.

Go Obama.

The article above is wrong, there is no discrepency. By choosing good managment to run things, the government does not to. Its what shareholders and director do. The Stig’s comment is right on. Nardelli ruined Home Depot and then took his talents to Chrysler.

How hard can it really be?

Borat – what country are you talking about? Its shirly not the US.

Borat’s appropriate response:

“Yes, I am. And don’t call me Shirley!”