Many good points already stated here. Unfortunately, I'm not sure Executive Management is listening. Pay cuts across the board is a start in lieu of further layoffs. However, higher percentage pay cuts should hit higher grades and management. Additionally, there should be a hiring freeze, no exceptions. We just went through a layoff and restructuring yet we are still hiring to staff the new business units. It's called planning and foresight folks. You do not do a layoff and a restructuring unless you already have the people in place to manage these new business units. Finally, Board and exec salary plus benefits should be scrutinized given the asset fire sale that has taken place recently. Business 101 teaches you not to put all of your eggs in one basket and we have done just that. Certainly some of those assets may have been appropriate to sell. But at these prices? You sell high buy low, not the other way around. #racecarmechanic
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