I’m speechless. And I’m saddened that a corporate management team is so inept at understanding public opinion.
FROM THE DAILY BEAST: Chrysler could just have taken the bailout money and run, but the company’s chronic politeness is setting off fierce criticism. The company purchased full page ads this week in The New York Times, Wall Street Journal, Washington Post, Atlanta Journal-Constitution, and USA Today thanking Americans for “investing” (their words) in Chrysler… Read more.
MARK CUBAN BLOG: … is there anything more idiotic than spending more than 100k dollars on a full page ad “thanks for letting me waste your money ” ad ? Does it make it worse that its a business publication where the readers might just recognize the stupidity of wasting money on ad dollars that doesn’t even try to sell the product ? How does it make the next unemployed Chrysler worker feel that their entire year’s salary just went for a single, ridiculous ad ?Just one more example of how poorly run the car companies are …. Read his complete blog.
GAWKER: Can we take back the auto bailout? Chrysler, which will receive a $4 million loan from the U.S. government on Monday, has already spent $100,000 of that cash on a full-page ad in USA Today…Read more.