You are absolutely correct.
GM said they are selling two of its jets, well, sell all three and travel like us. And I don't mean first class.
No more company vehicles. Let them buy cars out of their pocket (and no employee discount).
No bonus or stock options unless the company makes money and builds its capital.
At company meetings let them buy their own coffee, lunch and/or dinner out of their pockets not as a company expense.
Same with phones/blackberry/laptops, not a company expense. Pay out of their pocket.
Reduce marketing expense by a large percent.
Combine/reduce management structure.
Get ride of all the nice to have and only keep the must have.
Let me see their expense budget and I'll come up with more cuts.
