C-SPAN isn’t exactly known for being the channel to watch when you want a good laugh. But, during the congressional hearings last week with the heads of GM, Chrysler and Ford, viewers were treated to some unexpected and bittersweet hilarity when the Big Three executives got skewered for arriving in Washington D.C. on a private jet. Their expressions during the barrage of questions belied the fact that they didn’t even consider how bad the luxury trips looked in light of the purpose of the hearings.
It’s bad enough that all three head honchos showed absolutely zero humility while begging Congress for a multi-billion dollar bailout. But then, Wagoner simply smirked when the three executives were asked if they planned to sell their private jets and fly back to Detroit via commercial airline. The response the public got from the auto companies afterward was simply that it’s “company policy” for the CEOs to travel on private jets, and that it was a “private matter”.
It was only after getting a verbal whipping from members of Congress that GM announced they’d be giving up their private jets.
From CNN Money:
GM spokesman Tom Wilkinson said the auto maker, which leases the planes, had decided to get rid of two of its five remaining jets before this week’s hearings as part of deep cost cutting under way at the company. The company sold two planes in September.
“We understand the symbolic issue of people showing up in Washington in corporate jets,” Wilkinson said. “We’re very sensitive to that.”
All travel at the company is getting cut dramatically as GM, which burned through $6.9 billion in cash in the third quarter, struggled to stay afloat. GM has eliminated half the workers who staff its Detroit-based hangar and planes, Wilkinson said.
“There’s a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off them with tin cups in their hands,” Rep. Gary L. Ackerman (D.-N.Y.) said. “It’s almost like seeing a guy show up at the soup kitchen in high-hat and tuxedo.”
It’s pretty sickening to hear that the company considers it a “symbolic issue”. Continuing to revel in such unnecessary excess while asking for a handout isn’t going to garner much sympathy from the taxpaying public.
