Last month, when the CEOs of Chrysler, Ford and GM buzzed down to Washington, D.C. with their hand out for some bail out cash they buzzed down on their corporate jets and left town with nothing in hand but their butts.
Now they are trying a different approach from riding the high horse – driving down in hybrid vehicles produced by their respective companies, promising to accept only $1 per-year in salary if the taxpayers bail them out and of course offering promises of gloom and doom if the taxpayers don’t provide a whole lotta cash to bail them out.
While it is somewhat entertaining to watch the “fat cats” grovel for a hand out from the rest of us, does anyone really believe that these guys are actually offering to work for only $1 per-year with zero stock options or other “benefits”?
And even more important, does anyone believe these guys are actually going to change their ways?
Read it at Stark Auto Warning: There’s No ‘Plan B’ and The Other Side of the $1 Salary and buy a rice burner…
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