AD #1162 – CEO’s Compensation, Chevy’s New Leader? Honda Odyssey Gets Refreshed

June 25th, 2013 at 12:01pm

Runtime: 7:51

When compared to Toyota’s CEO, it looks like all the major CEO’s are overpaid. Rumors swirl that there will be a new man in charge of Chevy’s global operations by the end of this week. Honda pulls back the wraps on a refreshed version of its Odyssey minivan. All that and more, plus how Bosch is jumping on the autonomous bandwagon.

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Hello and welcome to Autoline Daily, where we keep you up to speed on what’s happening in the wonderful world of cars and the people who make them.

And speaking of the people in the industry, it sure is good to be an automotive CEO, especially if you live in the United States or Europe. If you work in Japan, I’m sure the livin’ is easy, but you sure don’t make the same kind of money. Bloomberg did a compilation of the compensation of certain CEO’s, and the numbers sure are interesting. Alan Mulally at Ford tops the list. He pulled in $21 million last year. Next comes Martin Winterkorn, the CEO of the Volkswagen Group at $19 million. Sergio Marchionne came in at the same amount, though that’s a figure from a year ago and most of it comes from Fiat. Chrysler is only paying Sergio about $1.2 million a year. Then it drops down to Dan Ackerson at GM who earned $11 million, just ahead of Dieter Zetsche at Daimler who made $10.6, and Carlos Ghosn at Nissan made $10 million. Ghosn may be the highest paid executive in Japan. Akio Toyoda, who has overseen an amazing turnaround at Toyota only made $1.9 million and Ito Takanobu at Honda only made $1.5 million. Industry analyst Maryann Keller says that especially compared to Akio Toyoda, the other CEO’s are overpaid. Other compensation experts say Toyota’s and Honda’s CEO’s are underpaid. What do you think? What’s the proper compensation level for an automotive CEO?

Cadillac announced pricing for the 2014 XTS VSport. It starts just over $63,000 including destination charges. The car is powered by an all-new twin turbo 3.6L V6 which cranks out 410 horsepower and 369 lb.-ft. of torque. That’s 105 lb.-ft. more torque than the XTS’s standard V6. The XTS VSport also features a unique grille and 20 inch wheels. And all this is going to put some street cred into Cadillac’s biggest sedan.

And in other GM news, the rumors in Detroit are that the company’s head of sales in the U.S., Alan Batey, is expected to be put in charge of Chevy’s global operations sometime this week. Hey wait a minute! It this at all related to why Susan Docherty announced she’s leaving the company?

When we reported on BMW’s 3rd generation X5 about a month ago we learned all about the new crossover except for its price. Until now. The base price starts at just under $54,000 for the turbo inline-6, the diesel starts a bit over $57,000 and the top of the line V8 tips the scale just over $69,000. Of course it comes with more standard equipment like stop-start and navigation. Even so, that’s about a $5,000 increase over the previous model. I guess BMW has to make up for lost profits in the European market. The gas-powered versions will hit streets late this year, while the diesel will come out in early 2014.

Honda pulled back the wraps on a refreshed version of its Odyssey minivan. And you have to look real close to even notice it’s a new model. New fog lamps and tailight assembly is about all we notice. But of course that’s not all that’s new. It now features a standard 6-speed automatic transmission, enhanced safety equipment, and revised instrumentation and electronic controls. The fuel economy gets bumped by 1 mile-per-gallon to 19 city and 28 highway and the starting price increased by $150 to just under $29,000. The 2014 Odyssey arrives in U.S. dealerships next month.

A couple of weeks ago I got to visit Bosch’s facilities in Boxberg, Germany to look at some of the latest technology the giant supplier company is developing. Coming up next we’ll show you how Bosch is jumping on the bandwagon when it comes to autonomous cars.

(Video and interview for Bosch’s autonomous technology can only be viewed in the video version of today’s show.)

Judging by the way that car is turned out, it looks to me like Bosch is in a catch-up mode compared to where Google and the VW Group are with their autonomous cars. Even so, Bosch sure is aggressive with its plans to be production ready at the end of the decade and you can bet it will be a big player in this technology.

Anyway that wraps up today’s show, thanks for watching and we hope to see you tomorrow.

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68 Comments to “AD #1162 – CEO’s Compensation, Chevy’s New Leader? Honda Odyssey Gets Refreshed”

  1. G.A.Branigan Says:

    Autonomous cars zzzzzzzzzzz okay,I’m awake.I had a dream that a gazillion lawyers were lining the streets and hwys.Maybe it was that burrito I had last night zzzzzzzzzz

  2. Cliff 59 Says:

    re: Executive compensation
    If you divide the income of each of those executives by the vehicle sales for each company, I bet the numbers become even more skewed. I felt I was getting good value for my money when I bought my Honda a few years ago, now I know why.

  3. Ron Paris Says:

    Someone has to be the first to say it John. Some of us (I would bet many!) are not NEARLY as interested as you are in autonomous cars. Give it a rest!

  4. Chuck Grenci Says:

    According to GM Insider News the V-Sport XTS will only be available in AWD; I’m guessing this to help with torque steer????

    Trying to logic ‘compensation’ in my mind, I find these ridiculously high wages crazy; then I see sports compensation and other high profile professions and they aren’t to egregious after all (but really the answer is that all of those categories are over compensated). I guess a buck isn’t a buck anymore.

  5. Cozy CR-v Says:

    Autonomous cars will have a use going forward, how about NYC taxis just ring one up on your smart phone, it picks you up and you enter where you want to go and off you go the shortest way! and lets not forget handicapped drivers. that would be a fantastic auto for them. BUT, there is nothing like jumping in the MX5 and taking the long way somewhere on a good old back road. Even for me when I still worked everyday. that commute after 37 years got extremely boring.

  6. Brett Says:

    I believe that a news program (as I consider this to be) is supposed to inform you as to what is actually going on, not simply tell you things you’d like to hear.

    As disinterested as you all claim to be, the reality is that autonomous vehicles are coming sooner than you would imagine and they will have an incredibly transformational effect on the automobile, the automotive industry, and society in general.

    Here’s an example: If autonomous vehicles are not involved in wrecks with other autonomous vehicles because they are immune to driver error and are never distracted (and autonomous vehicles comprise the majority of vehicles in use), then why would cars have to be designed and built like air-bag-laden bank vaults? How much cost would come out of an automobile and out of auto insurance premiums in proportion to the cost of an autonomous system?

    John covers the subject because it is the next big thing to happen to this industry and to society as a whole. I cannot tell you just how similar your protestations about autonomous vehicles sound to the folks complaining about all the hubbub about personal computers back in the late 70s and early 80s.

  7. G.A.Branigan Says:

    ‘Executive compensation’…..eventually the price of new cars/trucks will be so stupid high that sales go down the crapper because us regular folks won’t be able to afford them anymore.Then the overpaid executroids will have their pay cut to only 10 or 12 mill.Maybe I’ll take up a collection for the poor bastards and help them out….

  8. G.A.Branigan Says:

    @ Brett: As with anything computer controlled…..glitchs happen.What kind of highway mayhem that will cause is yet unknown.I don’t recall anyone having a PC sideswipe them,(or me) while walking past it.Until the proper infrastructure is in place,and hardened,autonomous cars are a lawsuit waiting to happen.And again I will say,if people hate driving so much,take a cab/bus/walk. Where I live I lose sat radio going through the canyons etc.Think about that…..would you trust that to keep you safe?

  9. Jon M Says:

    I’m struggling to think of why an automotive enthusiast would like the idea of autonomous cars. It might a neat trick to teach a car, but where is the enjoyment in that. If you ask me, autonomous cars are at best an upcoming breakthrough in RC car technology. On second thought, scratch that. Even an RC car would be more fun than an autonomous car. You can still drive, or at least control, the RC car!

  10. pedro fernandez Says:

    I had a dream that my Crapolla was now autonomous and since it had such a horrible, long, boring life, it drove off the Key Biscayne bridge into the bay and it locked all doors and windows so I would die as well. I can just hear it after a collision, “Don’t blame me, blame my autonomous car, so get your autonomous lawyer and I’ll get mine”

  11. RS Says:

    I think I would be interested in an autonomous vehicle on a really long trip. Mile after mile of interstate is often not very stimulating. Also, what if we could join a “train” of vehicles and run at very high speed over long distances?
    But those of us who love the feel of the car and the road will never give up the driving experience! I would rather be autonomous than have the car autonomous.

  12. Buzzerd Says:

    the real advantage to autonomous cars for me would be it I could go to a bar and have a few pints and then let the car take me home! perfect.
    CEO’s salaries- I think the boss’s pay should be tied to the front line workers. Pick a factor, say 25X, so the front line guy gets $60,000 a year the CEO gets $1.5 million. The worker gets a raise, then so does the CEO or other managers. If the company can’t afford raises for the front line people theeeennnn they can’t afford a raise for Mr. Big either.

  13. Tom Says:

    Executive pay in the millions is crazy because it is disconnected from reality. I recall that there used to be a Japanese rule that limited executive pay to not more than 10 times that of the lowest paid worker. That practice promoted teamwork and a sense of fairness among the ranks. Too many of today’s managers in all industries make a killing whether their firms do well or not. And guess who pays for those outlandish salaries? WE DO in terms of high prices and unemployment.

  14. HtG Says:

    I’m getting an inflatable HtG doll to escort my future autonomous car on my errands. Workers at my favored stores will simply load and unload my payloads into the car. I stay home and pay the bills from my smartphone.

    Can you tell I’m a bit nonplussed about a lot of driving?

  15. pedro fernandez Says:

    HTG for my 61st I was thinking of doing a Mario Andretti driving thingy where I get to race a really fast car 3 laps around the local Homestead track, but I’m kind of a chicken $hit as far as speed is concerned and I don’t know if I’m gonna chicken out just b4 I get in the car, I believe you have done it, right? any suggestions or words of encouragement?

  16. HtG Says:

    14. It is frightening, Pedro. When I first went for a ride around LimeRock with an instructor there was a moment when I literally thought I was going to die. I mean it; that’s what my brain was telling me. I know a guy who had the same experience and decided he didn’t want to take a course.

    But the key is to understand that speed is a consequence of skills. Your job as a student is to listen to the instructors(very difficult for males) and to overcome your normal driving habits. Driving really fast is not normal: You must learn how(take it from Fangio).

    But the crazy elation you get from learning how to push a car and yourself is intoxicating. I’m telling you, you haven’t felt this before, and it’s fantastic.

  17. pedro fernandez Says:

    They got one for $70 where you ride as a passenger for 3 laps and one for $200 which includes classroom and 3 laps where you are the driver, If I were the only car on the track I would do it, but having others around me going at 3 digit speeds is very unnerving.

  18. C-Tech Says:

    CEO Salaries, considering that the CEO often influences who gets on the board that determines his salary, is it really a surprise they are well rewarded in the U.S.? I am somewhat curious now how does the automotive CEO’s salaries compare to similar size non automotive companies?

    The companies pouring billions into development of autonomous cars must believe the general public is ready to buy these in large numbers at the hefty price they will command.

    What buyer is the XTS-V aimed at? It seems there was not a market for high performance full-sized Caddy’s and Lincolns in the past, but they believe there is a market now? For the few buyers of AMG S-class Mercedes and the like, is this really a competitor in that market?

  19. HtG Says:

    14 cont’d

    At SkipBarber the fundamental lesson is to control where you’re looking. Once you’ve trained yourself to keep your eyes up and look for markers especially under stress, then the reflexive movements of your hands and feet have a shot at controlling the quick events that occur when you push a car. If you don’t control your eyes, it’s going to be a short day.

    For me, a breakthrough happened when I released myself from the insistence on looking through the windshield. The side windows are every bit as important. Think of yourself as a fighter pilot with a bubble canopy around him; look around and turn your head. What’s right in front of your bumper is not where your problem is.

  20. C-Tech Says:

    A well equipped Chrysler 300 SRT-8 is $57K vs. the XTS-VSport starting at $63K. You got to like the style for an extra $6K.

  21. pedro fernandez Says:

    Wow! hold it right there babalooey! look thru the sides and not the windshield??? you know what? I think I’ll take the passenger option and wear Depends just in case.

  22. Phoenix Mark Says:

    On executive salaries, I agree with Buzzard (#11). The other problem with the numbers that we in the show is it also includes stock options, but I think this should be inclued in the limits.
    Sports figures are way over paid, most people can’t afford to go and watch game live because of the cost.

  23. HtG Says:

    20 One of my instructors was an oval track driver, Pedro. I asked him how far around a bend he would look in order to handle the car, and I believe he said it was something over ten seconds ahead. If you do go as a passenger, once you pick out that magic spot around the turn and maintain your focal distance then you’re not driving behind the car. It took me quite a while zooming around a skid pad before I got the hang of it, but then it became possible to control the car(RX8) as it was oversteering, on wet pavement, at 50+mph, with the rear wheels toed out and mini sized to reduce grip. Makes me sick thinking about it, actually.

    Have fun ;)

  24. pedro fernandez Says:

    If Ford’s move to turbos and auto sticks fails and it bites them in the behind after it’s proven that they have bad durability/ long termreliability and thus kills their resale values, will Mullaly give back some of his pay for steering the company in the wrong technological direction all these years?

  25. pedro fernandez Says:

    Yeah, HtG I will try as a passenger first and see how it goes and maybe if I get the cojones, I’ll return another time, as a driver.

  26. HtG Says:

    Prepare for big smiles :)

  27. Lex Says:

    Too Bad Honda did not get rid of the Lighting Bolt rear passenger window. I think it takes away from the shoulder and belt line of the vehicle.

    I hope these Fog Light Lens and bulbs are easier to replace from the outside of the vehicle without having to take off the front nose!

    It is about time Honda put a Six Speed Transmission in the Odyssey at all trim levels!

  28. Kit Gerhart Says:

    To me, CEO’s are ridiculously overpaid, at least most of them.

    I frequently hear the argument that sports figures are even more overpaid, but look at it this way. Wouldn’t it be easier to replace Dan Ackerson with someone as good or better as CEO, than to replace, say, Lebron James with someone as good or better at playing basketball?

  29. Kit Gerhart Says:

    I agree on the “lightning bolt.” I thought it looked funny when introduced, and it hasn’t grown on me since. Still, the Odyssey is probably the best “minivan” currently in the U.S. market. It gets the best gas mileage, and has as much utility as any of them.

  30. Kit Gerhart Says:

    And will he give back some more money because of the touch thingy that many, or most people don’t like.

  31. Chuck @ GM Says:

    I think compensation gets lost in the mud between worth and value. Is Matt Stafford, quarterback for my beloved Lions, worth $20 meg a year? No, he isn’t. Is his value $20 meg a year? Yes because he’s getting paid that. A “customer” thought it was a good value. Is Mullay worth $21 meg? No. Is his value $21 meg? Yes, more so because under his guidance Ford went from an also ran to a company selling a lot of cars. Is my house worth $1 meg? I think so. Is it’s value $1 meg? Not unless I can get someone to pay that. Don’t I wish!!! I’d be so retired…

  32. Lex Says:

    Automotive CEO’s should receive a competitive compensation package which includes a modest base salary and the remaining linked directly to the overall performance of the Company. Alan Mulally is way over paid!

    I would never buy another FORD in my life based upon my previously experience with them and their products. They maybe selling well now but most of their products do not stack up that well against the competition. The only exception is their F Series Pickup Trucks.
    I believe those downsized engines they are using in their vehicles will cause premature engine failures and warranty concerns which will directly affect resale values in the near future IMO.

    Mr. Akio Toyoda of Toyota and Ito Takanobu of Honda must be getting some other perks in place of salary compensation due to the Japanese taxation system.

    How much did Elon Musk earn/draw from Tesla?

  33. pedro fernandez Says:

    I don’t know but seems like every time I pass by an older Ford truck/SUV, the springs (suspension) squeaks like an old mattress, I don’t hear that in other brands,

  34. Chuck Grenci Says:

    #32 pedro
    Older Ford trucks (and really, not that old); yes, I’ve heard the squeaks locally too. And while not all Fords (and not just the Ford brand), but, a higher preponderance, yes.

  35. W L Simpson Says:

    Speaking of automation—-Remember the Toyota
    Geisha’s that talked at you from somewhere in the

  36. HtG Says:

    Pay Up

    For me the key to pay is the proper alignment of interests of all workers. How many times have we read about the suits getting paid only to get initial costs out. Instead of hearing how much Mulally takes home, as a shareholder I want to know that he gets compensated for making good cars, profits and engenders reasonable wages further down the line. (I’m not a Ford shareholder BTW)

  37. Kit Gerhart Says:

    I am a Ford share holder, but I don’t like a lot of what they’ve done lately, especially with powertrain and operator interfaces.

    I like the looks of the Fusion, though, and I like it that they sell the Focus hatch in the U.S.

  38. HtG Says:

    36 I don’t get that excited about high pay for execs, especially when so much of their package is in stock options. But you can blow up the whole saloon if you’re as dumb as Wall Street. So the burden is on the board and nice Bill Ford.

  39. cwolf Says:

    Speaking about Ford; the F150 beat out the Camary as the most “American-made” vehicle. What a good idea for an American company to have the most American content and not a JAPanese company having the honors for the past four years.

    The supreme court sided with the EPA on the implementation of E15. There goes a bunch of older engines, power lawn mowers and outboard boat motors ruined by the stuff! Gee thanks EPA.

  40. pedro fernandez Says:

    The Supremes don’t care cause they all have govt issued cars, so who cares if it’s E15 or E16 or E50 or whatever!!

  41. HtG Says:

    A little snort of E15. Check out reason 3

  42. G.A.Branigan Says:

    A local Union 76 station here sells regular unleaded,(ethanol free 92 octane) for 5 bux a gallon.It’s what I use in my JD lawn tractor.Cheaper then a new engine,actually doesn’t use as much fuel as opposed to e10.

  43. G.A.Branigan Says:

    @ HtG: Makes me glad I’m going to get a diesel. I’m not sure about what the oem’s are reported to be saying that E15 may void warranties and even flexfuel rated vehicles,(like both of mine are) will be damaged by E15.It states right on the chevy website under specs,that my nox is rated to run up to E85,and any percentage under E85.So…..WTF over? If a vehicle is rated to run E85,E15 should pose no problem to those vehicles.

    As for EPA mpg ratings… they need to ‘get real’ and start doing their BS ratings using E10,and later using E15 to keep it accurate.It’s a crock of $h!t them using regular unleaded.Use what we have to use and give us real numbers.damn bureaucrats and their double standards…

  44. HtG Says:

    you think you’ve got a problem with bureaucrats, GA? Let’s just say they don’t float like a butterfly.

    Oh yeah, cars. I think Honda says E10 is the max. I haven’t been keeping up with this stuff. There’s just no way in hell I’d accept an EPA judgement over Honda’s.

  45. G.A.Branigan Says:

    @ HtG: neither will I.But I do know what chevy has to say about running any percentage up to E85.It was the same for my last Silverado.If the oem says it’s okay fine,I see no problem,or am I wrong?

  46. HtG Says:

    I have no judgement on this, GA. I’ll prolly email Honda and ask them what’s right for my car, then just salute.

  47. pedro fernandez Says:

    I see videos on YouTube on how the ethanol messes up hoses and other components in cars, well maybe that is how they plan to improve the employment issue, we’ll need more techs to fix all these problems created by govt interference in our every day lives.

  48. mike-g Says:

    Are auto exec’s really overpaid compared to oil exec’s, computer exec’s, airline mfgr exec’s, military supplier exec’s, financial exec’s, insurance exec’s … ?

  49. Kit Gerhart Says:

    38, 41,
    I’d rather not have the E15 BUT…
    People were spouting the same hooror stories about E10 a few years ago, but my 1977 JD lawn tractor, my 1986 VW, and my 1989 Caravan all work fine with E10. I had to replace the shellac-coated cork carb floats on my ’77 BMW bike.

    Will a little more ethanol destroy all of my engines? I’d rather not have to find out, but honestly, I’m not too worried.

  50. pedro fernandez Says:

    Kit it’s not like you have much of a choice in the matter.

  51. Kit Gerhart Says:

    Won’t E10 still be available in addition to E15, or did the court decision change that?

  52. HtG Says:

    The court refused to hear the case because the complainant didn’t have standing.

    “The EPA itself did not contest the challengers’ standing, but Growth Energy, which had intervened in the case, did, and the court essentially agreed with all of Growth Energy’s arguments and dismissed the case for lack of jurisdiction.”

  53. Kit Gerhart Says:

    Actually, it seems that OEM’s like to scare people about everything. As I remember, John Deere warned against using unleaded gas in my lawn tractor, and later warned against using E10. Now, after 36 years, the engine is running fine, using unleaded for nearly all that time, and E10 for half of it. The only engine parts that have been changed are the ignition points.

  54. Kit Gerhart Says:

    Thanks for info.

  55. XA351GT Says:

    Autonomous cars, Really who will be able to afford that? If they can’t shrink the electronics you’ll have very limited space for cargo. Also hands up out there , who the hell wants a oil derrick on top of their car? If you don’t want to drive there are many cheaper alternatives than this crap. Car pooling, taxis and buses , stay the hell home and leave the roads to those of us that would enjoy driving a lot more without you . Who is going to responsible when these electronics play up and cause a major accident?

    CEO compensation, how about $1 for every vehicle sold by the company that year. That way the better the company does so does the Boss. If the company suffers he should share the pain. Honestly anything over $10M is too much.

  56. XA351GT Says:

    Does anyone have the numbers on PPM of gas without ethanol , E10 & E15 . With the adjustment made for the higher amount of fuel used with these Alcohol added fuels. Does the benefit equal or out weigh the loss in MPG?

  57. HtG Says:

    Aaaaand, the blue and orange GULF color scheme officially jumps the shark.

  58. JC Says:

    Haven’t read all the comments about CEO salaries but enough to where I feel most comments are from people who don’t understand the dynamics of a free market economy. They are not overpaid, they’re paid at where the market sets the remuneration range aligned with the value (real or perceived) they bring to their hiring managers/organizations. So, if you think you can golf as well as Tiger, play hoops like Lebron, run a multi billion $ company as well as Mullaly or draw box office sales as well as Brad Pitt, these jobs are all waiting for you. My curiosity here is the desparity with Japan a free market economy. I’m wondering if the Japanese govt doesn’t see it the same way, or are there other unreported perks..,? I’d like to see the report updated with more details about why this disparity exists.

  59. Common Sense Says:

    Re exec comp: Only one poster pointed out the real reason for the ridiculous levels in the USA. it has nothing to do with MERIT, but with the fact that the CEO appoints his own compensation board! Talk about a gigantic conflict of interest.

    Auto execs are hugely overpaid in the US, but compared to hedge fund managers, who get a % of the profits they generate for their shareholders, many are paupers! In that sense, are they still obscenely overpaid, or did the hedge managers earn their billions?

  60. Common Sense Says:

    Autonomous cars: I think many here are missing the point.

    Their major market is for the elderly who still want to be independent, live in areas with limited mass transit, and really can’t afford to take a taxi (let alone wait for it) every time they need to drive a few blocks down the road!

    Their price will not be sky-high for ever either. At first they will be expensive, of course, but as with everything else which is heavily computer-dependent, it will come down fast and they will soon be affordable at least to the middle class, if not for the working class.

    I enjoy Pedro’s jokes about them, but I am looking forward to not only autonomous or near-autonomous cars for myself 30 years from now, (assuming I will not be as good a driver as I am today), but also for your auto illiterate teen granddaughters or your drunk as a skunk college kids who, unwisely, choose to drive drunk at 3 AM after some dumb party. Many lives will be saved, let alone the property damage.

  61. pedro fernandez Says:

    One more comment about robo-cars: what happens when a piece of paper comes flying across its path, will it mistake it for a person and jam on the brakes causing others behind to slam it from behind as well, too many variants on the road for these things to properly work, what about the blind person trying to cross the street, will it recognize it and stop to let him cross safely, what about 15 mph school zones, will it be able to recognize those as well?

  62. HtG Says:

    57,58 Come on now, CommonSense, everybody knows the topic of executive pay is a sure way to inflame a comment board. Just like ‘Is this the end of stick shift?’ or ‘Autonomous cars, how will we feed the lawyers?’ or ‘China, fiend or foe?’ or ‘What were those designers thinking, huh?’ or ‘Them’s MY tax dollars.’

    So it goes

  63. Brian McInnes Says:

    Regarding your article on CEO’s salaries. In my humble opinion, I believe the Salaries of CEO’s in the US and Europe are ridiculous and are so far removed from wages and salaries of the general working population. If the Japanese CEO’s can survive and run very successful business’s at a fraction of the salaries of western companies, surely there is something wrong.

  64. cwolf Says:

    #58 Autonomous cars are a display of technology achievements, but if you think about it, detracts from the need to continually hone ones senses and dexterity. Wouldn’t it be more benificial to invest in prosthesis and cures enabling one to be independent? Autonomous cars can be viewed as just another crutch to rely upon. I bet anyone having a handicap would rather use technology to make them function as a normal person without relying on mechanical devices. People have existed without cars for generations,so if one is unable to drive for any reason…I guess they just have to face the facts!

  65. Kit Gerhart Says:

    As “Common Sense” alluded, probably the auto company CEO’s earn their money a lot more than hedge fund managers who get billions of dollars for, basically, contributing nothing to society.

  66. cwolf Says:

    I suppose it is easier to perceive how something, like wages, can find justification when comparing apples to oranges, but never the less, when common sense tells you something isn’t morally right we cannot allow ourselves to become distracted or swayed otherwise!

  67. Common Sense Says:

    ” Kit Gerhart Says:
    June 26th, 2013 at 9:11 am

    As “Common Sense” alluded, probably the auto company CEO’s earn their money a lot more than hedge fund managers who get billions of dollars for, basically, contributing nothing to society.”

    I left my comment with an open question, but if i alluded to anything, it was not what you wrote. Just because the hedge managers made much more money than Akerson at GM, it sure does not mean that Akerson earned one cent of his ‘measly’ 10 million, while your hedge manager, who made your money grow by 20% while if you did not go to him it would have earned 0.5% to at best 10%, made you rich and fully deserves a share of your windfall, for which you did nothing but provide the capital.

  68. Paul Says:

    It’s Johnny Depp with a German accent.