Big 3 CEOs take $1 per year salary

[MBony]

I have looked for this answer, but no one seems to say, they just say that the CEOs will take $1 per year salary. Is it just a year? Until the loan is repaid? Forever?

 

[rudeguy]

How much are their bonuses going to be?

 

[KLin]

Originally posted by: MBony
I have looked for this answer, but no one seems to say, they just say that the CEOs will take $1 per year salary. Is it just a year? Until the loan is repaid? Forever?

Until congress gives them bailout money. Then it's a raise over what they were making before as a thank you for getting bailout money. Yay for capitalism!!

 

[HardcoreRobot]

1$ total annual compensation until they can turn a profit, then i will care

 

[SunnyD]

Originally posted by: rudeguy
How much are their bonuses going to be?

Mullaly's bonuses are supposedly none for the next year.

However does it really matter? If they recover and stock prices go up, they are in the same position as Steve Jobs. If they need money they sell off some stock. In Mullaly's case, he's got a lot to lose if he can't make Ford profitable again.

 

[Pacemaker]

Originally posted by: HardcoreRobot
1$ total annual compensation until they can turn a profit, then i will care

That's not legal, they would have to at least receive min wage in total annual compensation.

 

[Atomic Playboy]

Not including their stock options, which, provided they don't go under, should jump considerable amounts over the course of the next few years as they get back on their feet. No matter what their salary is, these men will retire vastly wealthy.

 

[DayLaPaul]

Originally posted by: Pacemaker

Originally posted by: HardcoreRobot
1$ total annual compensation until they can turn a profit, then i will care

That's not legal, they would have to at least receive min wage in total annual compensation.

Then I guess like most of us, he won't be caring any time soon.

 

[Kev]

Wow that's amazing. They are sacrificing their ability to be super ridiculously unnecessarily mega ultra rich, and settling for just super ridiculously unnecessarily mega rich

 

[ElFenix]

nardelli is already taking just $1, has since he was hired. his bonus comes when chrysler gets sold.

 

[LS21]

Originally posted by: HardcoreRobot
1$ total annual compensation until they can turn a profit, then i will care

word



unfortunately, many of the general public do not realize this, "omg he has 1$ salary what a sacrifice!!!" so it makes great PR for them

 

[HardcoreRobot]

Originally posted by: Pacemaker

Originally posted by: HardcoreRobot
1$ total annual compensation until they can turn a profit, then i will care

That's not legal, they would have to at least receive min wage in total annual compensation.

ok, they can just be unpaid interns then

also i want to change my to terms - until the taxpayers get all their money back + interest