Dave Winer on proposed Big Three Bailout

“And they have to retire their fleet of corporate jets. And all their execs take pay cuts down to less than $1 million per year. If they choose to quit, so be it and good riddance. And since we’re going to own them, a new rule — no more commuting from Seattle to work in Detroit for the CEOs. We’re bailing them out not because we think they’ve done anything remotely like a good job, we’re doing it so that we don’t have to feed and house their remaining employees and bail out their suppliers when they go bankrupt. We’re doing it to save our country, not to save the auto industry as its currently configured, which is rotten and dangerously short-sighted.” — Scripting News: 11/20/2008.

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