Sunday, November 23, 2008

Auto Bail Out Ideas

The last week or two there has been much speculation (but not in the stocks) on what form if any the bail out of the US auto industry will take. Buffet has his own ideas, and I don't disagree with them. If it were my decision here are my simple requirements.
  • Each of the CEO's must invest an amount equal to 20% of their last years compensation. (Thanks Warren)
  • The 10 top executives of each firm are paid with a base $100,000 salary and the rest in stock options that they can not sale for 10 years. (This means they need to make decisions now that will best ensure the companies survive for 10 more years.)

I wish them luck, they will need it no matter what happens.
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