Comments on: Toyota Cuts Bonuses http://www.thetruthaboutcars.com/toyota-cuts-bonuses/ The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 22 Nov 2009 19:09:02 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Mark MacInnis http://www.thetruthaboutcars.com/toyota-cuts-bonuses/comment-page-1/#comment-998812 Mark MacInnis Tue, 02 Dec 2008 18:59:04 +0000 http://www.thetruthaboutcars.com/?p=172422#comment-998812 Telling that ToMoCo did this without being shamed into it, or as a REACTION to anything except the market and sales environment (not the press, or a politician). It is called CONSERVATION of CORPORATE ASSETS, a concept with which Rick Wagoner is completely unfamiliar. Even though ToMoCo is sitting on an Everest of cash, they treat everything as a finite resource. If the auto industry were a children's story, our Japanese friends would be the ants, and the Detroit 2.05 would be the profligate grasshoppers....oh, wait. It's winter, and the D2.05 are knocking on Congress' door looking for a handout.....get some children's stories have relevance to real life after all.... Telling that ToMoCo did this without being shamed into it, or as a REACTION to anything except the market and sales environment (not the press, or a politician). It is called CONSERVATION of CORPORATE ASSETS, a concept with which Rick Wagoner is completely unfamiliar. Even though ToMoCo is sitting on an Everest of cash, they treat everything as a finite resource.

If the auto industry were a children’s story, our Japanese friends would be the ants, and the Detroit 2.05 would be the profligate grasshoppers….oh, wait. It’s winter, and the D2.05 are knocking on Congress’ door looking for a handout…..get some children’s stories have relevance to real life after all….

]]> By: psarhjinian http://www.thetruthaboutcars.com/toyota-cuts-bonuses/comment-page-1/#comment-998792 psarhjinian Tue, 02 Dec 2008 18:49:25 +0000 http://www.thetruthaboutcars.com/?p=172422#comment-998792 Well, considering that Watanabe makes an order of magnitude less (base salary) than Rick Wagoner, it's rather a moot point. Well, considering that Watanabe makes an order of magnitude less (base salary) than Rick Wagoner, it’s rather a moot point.

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