The Day After Tomorrow

[quicksilverdon]

While I was once anti-union, I wish there were some form of job security - in NY, NJ you can be fired and they don't even have to have a reason. Somewhere in between the 2 extremes is a happy medium.
What about upper executives? There is no penalty for screw-up - on a monumental scale:

"Shareholders paid dearly for the bad decisions and inadequate risk-management practices on Wall Street as bank stocks plummeted. How did the executives responsible for this mess fare?

•At Citigroup (C), CEO Charles Prince was forced out in November, but on his way out the door, the board gave him a bonus of $10 million. He was also allowed to keep $28 million worth of unvested restricted stock and options, and was granted $1.5 million in annual perks.

•At Merrill Lynch (MER), CEO E. Stanley O'Neal resigned in October. Although he didn't receive any special bonus or severance, he walked away with a $161 million package, consisting mostly of stock and options that he had earned through the course of his career at Merrill.

"It's outrageous for CEOs to take risks that hurt shareholders and walk away with enough to never have to work again," says Robert Mittelstaedt, dean of the W.P. Carey School of Business at Arizona State University.

"It's only in the wacky world of CEOs where you get severance for failing," adds Minow. "

This is great:
$700 Billion Bailout Celebrated With Lavish $800 Billion Executive Party | The Onion - America's Finest News Source

[Pteazer]

All this bad news might make our cars more collectable if we hang in long enough.fairdinkum.Ray Pteazer.

[careyk]

I hear ford was losing 43 million per day