Quote:
Originally Posted by sniper
That was funny. You say they were lucky, but they actually did what business's are supposed to do. Adjust and get capital to operate. Umm and it's called collateral. If you need to grow your business, you may have to put up your house. It's pretty common. I just point that out, because it seems that you didn't know that.
With all the contradiciton, what was the point of your post?
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First of all, it was luck because of the timing. Not even Mulally forsaw the credit crunch. Second of all, rarely does a large multibillion dollar (many billions) leverage EVERYTHING they own for credit. I just point that out because it seems you didn't know that.
No contradiction whatsoever here. I even mentioned they made smart decisions and that Mulally was a smart guy. The point of the post was to put some reality into the idea that Ford deliberately avoided the same mess that GM and Chrysler fell into, when luck played a HUGE part in it, and to rebut the idea (brought up by a previous post) that CEO bonuses in any way affect the retail pricing of vehicles.
Seems like you've got a chip on your shoulder.