[DeTomaso] What you COULD have done to help Detroit

[wkooiman at earthlink.net]

They didn't say, $1 in total compensation.  They said $1 salary.  They would still get stock options, contributions to their pensions, health care, use of the corporate jets/SUV's, etc.

They might also get a fat bonus in 5 years.  One way or another, they're going to be compensated.

-----Original Message-----
>From: Curt Hall <cuvee at sbcglobal.net>
>Sent: Dec 9, 2008 11:08 PM
>To: detomaso at realbig.com, Fresnofinches at aol.com, MikeLDrew at aol.com, kenn_green at yahoo.com
>Subject: Re: [DeTomaso] What you COULD have done to help Detroit
>
>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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