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Rumpus Book ClubElizabeth Kolbert on the Auto Bailout
Representative Peter Roskam, of Illinois, asked the three (CEOs) if, in return for federal assistance, they would be willing to reduce their salaries to a dollar a year.
“I don’t have a position on that today,” G.M.’s Rick Wagoner said.
“I think I’m O.K. where I am,” Ford’s Alan Mulally responded. (In 2007, Mulally’s compensation ran to nearly twenty-two million dollars.) …read more
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