[DeTomaso] What you COULD have done to help Detroit

Curt Hall cuvee at sbcglobal.net
Wed Dec 10 00:08:28 EST 2008


If you believe the CEO's are only going to get a $1 only salary. I got a bridge for sale!

--- On Tue, 12/9/08, Ken Green <kenn_green at yahoo.com> wrote:

From: Ken Green <kenn_green at yahoo.com>
Subject: Re: [DeTomaso] What you COULD have done to help Detroit
To: cuvee at sbcglobal.net, detomaso at realbig.com, Fresnofinches at aol.com, MikeLDrew at aol.com
Date: Tuesday, December 9, 2008, 9:00 PM

I have a vague recollection that most of the CEOs ect. have a huge salary, and
an even larger bonus plan.  I guess I'd work for a $1 a year salary if I
was looking at a $20 million bonus.
 
I'm just assuming here that when they say a $1 salary, they are not
including bonuses, I may be wrong.  But in either event, they still have a
multi million $ potential in a year or two.
 
Ken

--- On Tue, 12/9/08, MikeLDrew at aol.com <MikeLDrew at aol.com> wrote:

From: MikeLDrew at aol.com <MikeLDrew at aol.com>
Subject: Re: [DeTomaso] What you COULD have done to help Detroit
To: cuvee at sbcglobal.net, detomaso at realbig.com, Fresnofinches at aol.com,
kenn_green at yahoo.com
Date: Tuesday, December 9, 2008, 8:51 PM

In a message dated 12/9/08 20 45 41, cuvee at sbcglobal.net writes:


> Funny how not one of the (BIG three) CEO's have offered to take a pay
cut 
> to help there Company's???
> 

Where have you been?   From this article on CNN:


http://money.cnn.com/2008/12/02/news/companies/automakers_plans/index.htm?postversion=2008120210

Salary cuts: As part of its plan, Ford announced that the salary of Ford CEO 
Alan Mulally would be cut to $1 a year if Ford (F, Fortune 500) actually 
borrowed money from the government.
General Motors (GM, Fortune 500) said that CEO Rick Wagoner also will accept 
a $1 salary. Chrysler LLC CEO Robert Nardelli is already being paid only $1 a 
year, according to the Chrysler plan.



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