Comments on: Lutz: Don’t reduce GM exec pay http://www.leftlanenews.com/lutz-dont-reduce-gm-exec-pay.html Car news, reviews, and specs for the auto-industry Sun, 22 Nov 2009 05:20:50 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: bradk http://www.leftlanenews.com/lutz-dont-reduce-gm-exec-pay.html/comment-page-1#comment-2122 bradk Tue, 17 Jan 2006 23:14:18 +0000 http://www.leftlanenews.com/2006/01/12/lutz-dont-reduce-gm-exec-pay/#comment-2122 What a putz. Only someone that self-involved and detached from reality would say that. As far as I know, it's not the fault of the line-workers that they had to build a Pontiac Aztec. The fact remains that the most horribly designed vehicle of recent times (even for Pontiac) got the go-ahead in the first place. You're telling me that the execs involved with that utterly miserable program that left unwanted vehicles selling for under cost shouldn't see a reduction in pay? Get real. What a putz. Only someone that self-involved and detached from reality would say that. As far as I know, it’s not the fault of the line-workers that they had to build a Pontiac Aztec. The fact remains that the most horribly designed vehicle of recent times (even for Pontiac) got the go-ahead in the first place.

You’re telling me that the execs involved with that utterly miserable program that left unwanted vehicles selling for under cost shouldn’t see a reduction in pay? Get real.

]]> By: Guido http://www.leftlanenews.com/lutz-dont-reduce-gm-exec-pay.html/comment-page-1#comment-1866 Guido Fri, 13 Jan 2006 15:25:43 +0000 http://www.leftlanenews.com/2006/01/12/lutz-dont-reduce-gm-exec-pay/#comment-1866 If I remember this correct GM was in good shape when Lutz started his work. All the mistakes during the last years (FIAT, Hybrid, cars...). If you arrive at a company in trouble and turn it around, ok, but if you bring it in trouble you should get fired and not earn big $$$. I hope GM will make it, but they probably need a new top management. If I remember this correct GM was in good shape when Lutz started his work. All the mistakes during the last years (FIAT, Hybrid, cars…). If you arrive at a company in trouble and turn it around, ok, but if you bring it in trouble you should get fired and not earn big $$$. I hope GM will make it, but they probably need a new top management.

]]> By: BCM http://www.leftlanenews.com/lutz-dont-reduce-gm-exec-pay.html/comment-page-1#comment-1813 BCM Thu, 12 Jan 2006 22:21:00 +0000 http://www.leftlanenews.com/2006/01/12/lutz-dont-reduce-gm-exec-pay/#comment-1813 Executives of most foreign-based corporations, even very successful ones, are generally paid less, both in absolute terms and as a multiple of their average employee, than executives of US corporations, even very unsuccessful ones. Since many management functions need not be performed on-site, it would be logical for US companies to be outsourcing their management to lower-cost foreign countries. But they don't; they outsource labor and skilled technical jobs. There is a tremendous disconnect between the capitalist theory that stockholders are the owners of the corporation, and the frequent reality that boards and management run the companies for their own short-term benefit. Few people can work for the symbolic $1 a year like some executives of troubled corporations, like Steve Jobs of Apple; but the notion that these people are so talented and irreplaceable that their salaries can't be cut until improved performance justifies increasing it is nonsense. Refusal of management to cut back contributes to employee intransigence. Executives of most foreign-based corporations, even very successful ones, are generally paid less, both in absolute terms and as a multiple of their average employee, than executives of US corporations, even very unsuccessful ones. Since many management functions need not be performed on-site, it would be logical for US companies to be outsourcing their management to lower-cost foreign countries. But they don’t; they outsource labor and skilled technical jobs. There is a tremendous disconnect between the capitalist theory that stockholders are the owners of the corporation, and the frequent reality that boards and management run the companies for their own short-term benefit.

Few people can work for the symbolic $1 a year like some executives of troubled corporations, like Steve Jobs of Apple; but the notion that these people are so talented and irreplaceable that their salaries can’t be cut until improved performance justifies increasing it is nonsense. Refusal of management to cut back contributes to employee intransigence.

]]> By: jimothy http://www.leftlanenews.com/lutz-dont-reduce-gm-exec-pay.html/comment-page-1#comment-1807 jimothy Thu, 12 Jan 2006 21:51:18 +0000 http://www.leftlanenews.com/2006/01/12/lutz-dont-reduce-gm-exec-pay/#comment-1807 Mr. Lutz: Before you laud you and fellow your execs, and justify their exorbitant pay, for turning around GM, why don't you TURN IT AROUND, FIRST! If you do that, then you should all get a well-deserved pay raise. In the meantime, ask yourself how many of these well-paid execs are responsible for the mess that GM is currently in. Mr. Lutz: Before you laud you and fellow your execs, and justify their exorbitant pay, for turning around GM, why don’t you TURN IT AROUND, FIRST! If you do that, then you should all get a well-deserved pay raise. In the meantime, ask yourself how many of these well-paid execs are responsible for the mess that GM is currently in.

]]> By: Otis Wildflower http://www.leftlanenews.com/lutz-dont-reduce-gm-exec-pay.html/comment-page-1#comment-1800 Otis Wildflower Thu, 12 Jan 2006 20:32:40 +0000 http://www.leftlanenews.com/2006/01/12/lutz-dont-reduce-gm-exec-pay/#comment-1800 Yeah, well pro athletes and execs in other industries tend to be judged more harshly on results than in the inbred Grosse Pointe auto exec community. Cut salaries or start firing those fools. You can't have it both ways, at least while the investors are watching. Oh, and please stop making ugly interiors. You're doing better, but you really need to take all your interior designers who don't copy the Germans or Japanese out behind the woodshed. How long did GM have 2 keys that weren't omnidirectional? Yeah, well pro athletes and execs in other industries tend to be judged more harshly on results than in the inbred Grosse Pointe auto exec community.

Cut salaries or start firing those fools. You can’t have it both ways, at least while the investors are watching.

Oh, and please stop making ugly interiors. You’re doing better, but you really need to take all your interior designers who don’t copy the Germans or Japanese out behind the woodshed. How long did GM have 2 keys that weren’t omnidirectional?

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