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GM and Ford CEO's to work for $1


cruiser647
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A year salary IF they get the go ahead for big rescue loans.

So that will save a few $m. Now, if the whole board were to do that on all 3 companies, they'd save a bit more.

It is the least they could do with many of their employees being made redundant - partly the boards' collective faults - but still, it's something.

Ford is also to sell it's 5 corporate jets - in a falling market? :roflmao:!

Ford want $9Bn, GM want $12Bn and Chrsyler want $7Bn. :eek:

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They're all working on as much positive media spin as possible in order to look modest/organised/realistic and blag a share of this $25 billion pot that (supposedly) sits in the Whitehouse for such a disaster. If they really cared they wouldn't draw a salary for each year the company makes a loss.. oh, hang on, thats most years in the last 10 then....

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