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Comments - On China - Measuring costs from the top down
Detroit,Ill,USA -The Detroit News, by Michael Dunne -Feb 09, 2006: -- To get handle on how China makes cheaper cars and parts, start by looking at executive compensation... In the US, auto executives enjoy - and expect - certain standards of comfort... In China, there is no such thing as automatic comfort. Instant gratification is a distant concept... During the Detroit Auto Show, public relations executives at one automaker invited me to lunch. We ate at a prestigious place in downtown Detroit. The appetizers started at $12... Chinese executives usually take their meals at simple canteens and restaurants on the company grounds. When I visited a Chinese parts supplier in the South, five executives and I shared plates of rice, tofu soup, chicken and broccoli. The bill came to less than $20...
posted by Unknown @ 1:16 PM
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