January 24th, 2006

Brad @ Burning Man

Coincidence? Or ancient astronauts?

Ford Motor Company is a company with US top executives and American employees which builds cars in factories in the United States, under US industrial regulations, with US tax and pension and health care obligations, for sale in the US market. They are hemorrhaging money hand over fist, to the point where on Monday they announced that they have to close so many factories (for inability to pay the bills at them) that they're having to lay off roughly one out of every five of all the world-wide employees of the corporation.

Toyota Motor Company is a company with Japanese top executives and American employees which builds cars in factories in the United States, under US industrial regulations, with US tax and pension and health care obligations, for sale in the US market. They're hiring, and building new factories in the US every year, almost as fast as they can clear the land.

According to a separate survey that was reported in the same day's Wall Street Journal, the average American CEO earns 475 times what his average employee earns -- not counting executive perks that aren't required to be reported as salary, yet, so the actual number is probably higher. The average Japanese CEO earns 11 times what his average employee makes.

As the_geoffrey always quotes, "Coincidence? Or ancient astronauts?"

Maybe, just maybe, not enough American auto companies have gone out of business. Maybe the job we need to be outsourcing the most urgently is "CEO."