The Big Three in Detroit (Incompetence at it's Best)

I'm a big fan of Rich Dad (Robert Kiyosaki). If you haven't read his books, you need to get to the bookstore right away and get reading. Rich Dad writes the straight+talk column in Entrepreneur Magazine as well. As I was flipping through my new March 2009 issue, I came across his article, which is normally one of the first ones I read in the magazine. This month he truly hit the nail on the head. I got so fired up after reading his article I was thinking, why doesn't everyone think like this, especially people in Washington (or Detroit for that matter)? I'm not going to summarize the entire article, just the biggest thing that jumped out at me:
1. Leaders should be on the same compensation plan as the sales staff.
-Rich Dad goes on to say that if only the Detroit leaders were paid for the number of cars they sold, then they might be better businesspeople. He talks about how they all have their private jets, huge benefits, luxury outings, etc., all of which are not related to the sales or company health. The main point here that I love is...If my company is not profitable, I should not get paid! Period, end of story.
So why is it that the Big Three are losing so much money but they keep getting bailed out? Are we in a socialist society where the government should come to the rescue of every business that has made stupid business decisions? One more thing..why are we still seeing auto commercials all over TV? These cost lots of money, so is the government bailout money going to more advertising that obviously isn't doing crap?
When it all comes down to it, let them fail. Big corporate CEO's have a responsiblity, and it isn't to just sit back and wait for the government to help them. They have to have an entrepreneurial mindset to be cutting edge, ahead of their competition, finding out today what the consumer will want 2-3 years from now so they can start developing it (it's called R&D). These aren't difficult things to do, but for some of the incompetant it is very difficult.

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