Comment Re:It's The Parts Count (Score 1) 293
You rightfully called out the quality issues...as did I. And, while I won't disagree that executive compensation was too high, it was by far outweighed with the pension liability the companies owed. You also had situations where workers could literally shutdown the assembly line, go home, and be paid for the day. I also know people who ordered vehicles with nothing on them, that were delivered loaded because they knew the right people.
Here's a factoid I just found though it predates the Japanese wave...
1950—Top CEO salary in America: GM chairman Charlie Wilson is paid $663,000, roughly $5 million in today’s dollars, and about 40 times the annual wage of his average assembly line worker.
Here's another...
When the German and Japanese companies opened plants in the USA, they headed to the South and operated without unions.