These guys just kill me, they fly into DC on three separate company jets to request a mega billion dollar bailout and display such contempt and arrogance... I don't think that I will be buying a Ford or GM product any time real soon.Ford resists pressure to cut CEO's pay
Mulally was asked last week by members of Congress whether he would cut his $2 million salary to $1. Mulally demurred, saying, "I think I'm OK where I am." His total compensation in 2007 was $21.67 million, according to Securities and Exchange Commission filings. In the same year, Ford posted a loss of $2.72 billion.
Testifying before a House committee, GM Chief Executive Rick Wagoner also brushed back a request to trim his salary to almost nothing, saying, "I don't have a position on that today." His 2007 compensation package totaled $15.7 million. GM reported a loss of $38.7 billion last year.
Chrysler's Robert Nardelli said he would accept a $1-a-year salary, although he isn't paid a salary now under his current employment agreement, people familiar with the matter said. He will be compensated when or if Chrysler's owner, Cerberus Capital Management LP, makes a profit on its acquisition of the automaker. Chrysler, a private company, doesn't disclose details about Nardelli's pay package.
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