December 4, 2008 - The CEOs of General Motors, Ford, and Chrysler are trying some public relations moves. They're saying that if Congress bails them out with billions, they will only take a dollar a year in salary. It's part of the "we all have to make sacrifices" approach. I guess they...
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December 4, 2008 - The Top Brass at the Big 3 (Or "The Oily Trinity") has said that they will reduce their salaries to $1 dollar a year to show that they really mean business when it comes to a bailout.
They have also made some new promises:
We will build a car that...
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December 4, 2008 - CEOs of the Big Three automakers testified before Congress today, after making a ten hour roadtrip from Detroit in company brand vehicles. This morning, MSNBC aired footage...
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December 4, 2008 - Executives from the Big 3 automakers returned to Washington today to once again plead their case before Congress and beg for upwards of $34 billion to help them stay in business. Among their promises were pledges to refinance debt and cut executive pay. But some lawmakers remained skeptical of a...
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December 2, 2008 - The top executives from the Big 3 automakers will be panhandling around Washington again this week, seeking a financial aid package to avoid bankruptcy. After the executives were shamed last time around for...
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