Monday, December 22, 2008

Nuts #2


Not just the union position is nuts...Here's the execs!

General Motors Corp Chief Executive Rick Wagoner's salary and other compensation rose 64 percent in 2007 to about $15.7 million. In 2007, GM lost 39 billion.

Ford's CEO - In 2007, he received39.1 million (extra signing bonus). In 2007, Ford lost 12.7 billion. At least Ford has been putting a plan together to restructure. As of yet, they have not taken any cash and are the only one (of the big three) still leasing cars.

Chrysler does not release any details as it is a private company.

I suspect GM and Chrysler may 'merge' or one of them go under permanently. Ford might get through intact, but leaner.

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