Elizabeth 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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