Daimler Chrysler's Morale Problem

You are right in pointing to a morale problem, but it is not an "early" problem only, it is concurrent ("The merger that can't get in gear," News: Analysis & Commentary, July 31).

If, on the one hand, Jurgen Schrempp calls for "a 25% cut in overhead expenses" and Holden's remedy is "further belt-tightening," then the absolutely unnecessary expenditures for a new luxurious headquarters in the Chrysler Building in New York, the creation of a special company airline to fly executives between Detroit and Stuttgart, and executive compensation not in line with company and share performance only serve to exacerbate the morale problem.