Corporate excess is basically whats under the spotlight. While times were great, people didnt object. But now that they are, the execs want to pass on their increased costs to maintain the bottom line and their pay-packet. Nice each-way bet....
When times are good, you put something aside and have contingencies for when times are not good. For some reason, execs this time around thought the boom would just keep on going on (do they teach economics in an MBA anymore???).
The US is about to lose its car industry if these CEOs are unwilling to make some pretty fundamental changes.
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