Dear Mr. Mulally, Mr. Wagoner and Mr. Nardelli:I understand that your company has been lobbying the Department of Treasury and congressional leaders for additional financial assistance via loans or through inclusion in the Troubled Asset Relief Program. While I understand the economic turmoil that many American businesses face today, I think it’s appropriate to ask those who seek a bailout from the federal government to do everything they can to first cut internal expenditures, including and especially executive salaries and compensation packages.However, should the federal government assist your company and other auto manufacturers who have failed to make sound business decisions, it’s important to remember that any funding you receive is money from the pockets of American taxpayers. Many men and women are pinching pennies just to get by, making sacrifices and changing their lifestyles to stay in their homes, send their children to school, and grow their retirement savings. I think it’s highly appropriate, if not absolutely necessary, that you do the same.Most American taxpayers are rightly concerned about the federal government coming to the aid of companies who are in financial trouble, possibly as a result of their own mismanagement and poor business decisions. I agree that it’s… Read full this story
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