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BIG THREE AUTO BAILOUT
Last updated on: 2/3/2009 7:23:00 AM PST Big Three Auto Bailout Home Page > Source Biographies > >Mark J. Perry, MBA, PhD

Mark J. Perry, MBA, PhD Biography

Title: Full Professor of Finance and Business Economics at the School of Management at the University of Michigan at Flint
Position: Con to the question "Should the Big Three Car Manufacturers Be Bailed out by the US Government?"
Reasoning:
"Should U.S. taxpayers really be providing billions of dollars to bailout companies (GM, Ford and Chrysler) that compensate their workers 52.5% more than the market (assuming Toyota wages and benefits are market), 54% more than management and professional workers, 132% more than the average manufacturing wage, and 157% more than the average compensation of all American workers?

Maybe the country would be better off in the long run if we let the Big Three fail, and in the process break the UAW labor monopoly, and then let Toyota, Honda and Volkswagen take over the U.S. auto industry, and restore realistic, competitive, market wages to the industry. It might be the best long-run solution."
"Should We Really Bail Out $73.20 Per Hour Labor?" "Carpe Diem" website post, Nov. 9, 2008
Theoretical Expertise Ranking:  Experts
Individuals with JDs, PhDs, other relevant advanced degrees, CEO's of major car manufacturing companies, and government officials with significant involvement in, or related to, automotive, business, and bankruptcy issues. [Note: Experts definition varies by site.]
Involvement and Affiliations:
  • Full Professor, Finance and Business Economics, School of Management, University of Michigan at Flint, 2006-present
  • Associate Professor, Finance and Business Economics, School of Management, University of Michigan at Flint, 2005-2006
  • Joint Appointment: Associate Professor, Economics, College of Arts and Sciences and Associate Professor, Finance, School of Management, University of Michigan at Flint, 2003-2005
  • Associate Professor, Economics, College of Arts and Sciences, University of Michigan at Flint, 2002-2003
  • Chairman, Department of Economics, University of Michigan at Flint, 2002-2003
  • Member, Board of Scholars, Mackinac Center for Public Policy, 1997-present
  • Assistant Professor, Economics, College of Arts and Sciences, University of Michigan at Flint, 1996-2002
  • Assistant Professor of Economics, Department of Economics and Finance, College of Business, Jacksonville University, 1993-1996
  • Visiting Assistant Professor, Department of Economics, George Mason University, 1991-1993
  • Former Visiting Professor, International Academy of Business and Banking, Togliatti, Russia
  • Education:
  • PhD, Economics, George Mason University, 1993
  • MA, Economics, George Mason University, 1990
  • MBA, Finance, University of Minnesota, 1987
  • Other: None found
    Big Three Auto Bailout Homepage
    Background of the Issue
    1-Minute Overview
    Pro & Con Arguments
    Chart Comparing Big Three Auto Makers to Toyota and Honda
    Top Pro & Con Quotes
    Top Pro & Con Quotes
    RECOMMENDED to you...
    1
    Historical Timeline
    2
    US Senate and House Hearings on Big Three Bailout
    3
    Big Three Auto Restructuring Plans, Loan Agreements,
    and Related Legislation
    4
    Congressional Research Service report for Congress, "U.S. Motor Vehicle Industry: Federal Financial Assistance and Restructuring," Dec. 3, 2008 (PDF)
    5
    2008 Vehicles Built By Union Members in the US and Canada (PDF)
    + DIG DEEPER...
    Source Biographies
    Sources and Notes
    Site Map
    Notices Archive
    Auto Brands for Big Three and Toyota and Honda
    Chapter 11 Bankruptcy Explained
    Contracts with United Auto Workers (UAW) and Others
    Legacy Employee Costs
    Average Hourly Compensation 2006 (US Wages and Benefits)
    Annual Union Dues per Employee
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