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there is this book called "how toyota became #1" which talks about how in japan CEOs make no more than 17x the pay of hourly workers and that the top execs a toyota make $500k which is very low compared to other corporations. According to the Heritage Foundation, the average hourly worker at Toyota/Honda/Nissan makes $100k before overtime. Not to mention Toyota makes cars people buy.

Those are probably good reasons Toyota is competitive too.



the way i see it, this is a problem that is equally to blame across all fronts

1) CEO's and managements that cant operate shit...its no surprise that they cant manage their way out of a box....i like the CEOs that are in there (namely Nardelli and the Ford dude), but they were handing a big steaming pile of crap

2) a shitty product. of the big three the ONLY one who has realized their errors of the past 20 years is Ford. They are in process of moving to smaller, more fuel efficient, and attractive designs. Of the three, they will survive...they actually have a SOLID cash position and are beginning to use their lines that are wildly successful in europe

3) Unions. Unions raped the company and management allowed themselves to be raped. Same issues associated with the airlines. They do have other shitty contracts outside of unions that need to be wiped as well.

see, equal blame all around...


the unemployment is a curious question. i agree that if all three failed you could see 3 million + in the soup line, but the reality of the situation is there are solid infrastructure in plants, factories, assembly lines etc that would still exist even in a chapter 7 situation. I would think someone (with all of this cash on the sidelines) come back in and reignite the region in the future (foreign owners like Toyota, and possibly a private equity firm)....the region would, however, be decimated in the meantime.

Dont hail the Japanese so much...Toyota is about to get downgraded too...


funny thing is, we taugh them everything after the war (cost efficiency, assembly, manufacturing)...they took it, improved it, and jammed it down our throat.

p.s. excuse the typos....im on a plane

Last edited by [LoD]Khell; 11/20/08 07:30 PM.