Then vs. Now
Storyboard Description
Chrysler Bailout in the 80's versus the bailout of the early 2000's
Storyboard Text
- Chrysler Board Meeting: November 1980
- We are Out of Options!
- Bankruptcy is not an option! Our reputation is at stake!
- Spending Cuts are NOT Enough!
- Lee: "Saving the Chrysler Corporation will ensure millions of Americans can keep their jobs. I am confident that these loans will give us the help we need."
- I can't take another pay cut!
- Congress: "Ok but we want stock more options, ownership of all your assets, control over your accounts, a guy on your staff, guarantees from all your banks, and the kitchen sink!"
- Lee Iacocca Saves the Chrysler Corporation!
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- He's done it again!
- That's the American Way!
- Chrysler Board Meeting: November 2009
- Our Designs are dullSales have plummeted The economy is tanking
- Let it go under. Imagine the roads with fewer cars.
- Chrysler: "Think you could help us out? We are all suffering out here. We don't want to fail, but bankruptcy may help us bounce back stronger..."
- I guess we work for Europe now...
- Obama: "Uh... well... mmmm... Okay! Since it's my decision, here is $17 billion under T.A.R.P., please merge with Fiat, and let this team of business investors restructure you. Y'all gotta get with the times..."
- Chrysler Cops Out to a European Buyout
- Where's Iacocca
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