What a scene… three CEOs begging for money after flying in on their corporate jets. Three different jets from Detroit… they couldn’t even jet-pool! If there is any silver lining in this it is that the excesses of capitalism will be greatly reduced. Whether it’s a fired Wall Street chieftain taking home a 9-figure severance package or a laid-off auto worker still getting a full paycheck four years after being let go, the excesses will have to come to an end. GM has a market cap of well under $2 billion, but a fleet of corporate jets worth tens of millions each. What are they thinking? And did none of their PR spin-meisters thin that maybe flying in on a jet while “crying poor” would send the wrong message. Those guys deserve what they get. Sadly, the rest of us will have to help pay the bill for their ignorant and arrogant malfeasance.
