I want to know the salaries of the executives of the car companies

[Maraya1969]

before I make a decision whether they should get a bail out or not. If these little snot noses plan on keeping their 70 million bonuses they deserve nothing for themselves. Give the money only to the workers and leave the executives to deal with their bankruptcy.

[izzie]

1. It is hard to get to these guys. Look at how it is set up

It pays to vote for this stuff for the CEO's if you own a lot of stock. All these big guys put each other on boards of corp. that feed into each other. It is just like when it came out Bush was on a corp. that made sex movies. He gets 20,000 a year to turn up at a meeting once a year and to vote as the top guys want. I can not tell you just how it is done but I knew that these guys are like well dressed crooks and are voted in under their corp. laws. One thing is Corp. should not be treated like a person and have the same rights as you have. If the little people who owned stock went to the meeting and voted in blocks a lot could be stopped. Where is the women who used to do that. She owned stock in many corp and used to really turn the meeting into free for alls. Any one re-call that women?

[ColbertWatcher]

2. Here's what I found ...

Chrysler CEO Robert Nardelli

Nardelli will receive only $1 a year in base salary. This person would not go into detail regarding the rest of Nardelli's pay package, and would only add that Nardelli's pay will be directly tied to the success of Chrysler's turnaround.

--http://money.cnn.com/2007/08/05/news/companies/chryslernardelli.fortune/index.htm">CNN Money

Ford CEO Alan Mulally

Struggling Ford Motor Co., which posted a record $12.7 billion net loss in 2006, gave its new CEO Alan Mulally $28 million for four months on the job, according to the company's proxy statement filed with the Securities and Exchange Commission Thursday.

(...)

Mulally's pay package at Ford included a $7.5 million hiring bonus, as well as $11 million that Ford described as an offset for forfeited performance and stock option awards at Boeing. In addition he received $55,469 for relocation costs and temporary housing.

His base salary was $666,667, which works out to annual pay of about $2 million. He also received restricted stock grants, which the company valued at $920,404, as well as 3 million stock options valued at $7.8 million. The stock options are not yet exercisable, and they have an exercise price of $8.28, or about 4 percent above current prices.

--http://money.cnn.com/2007/04/05/news/companies/ford_execpay/index.htm">CNN Money

GM CEO Rick Wagoner

Rick's TOTAL compensation for '07 was $14.4m, or $39,452.05 per day (including weekends).

--The Truth About Cars

Oh, and the blog The Truth About Cars looks really interesting.

[pampango]

7. Very interesting. I like the Chrysler approach of having the CEO's compensation

linked to the company's success. If the company sinks, he gets $1. If it succeeds, investors get richer, employees keep their jobs, suppliers get paid and he gets a lot of compensation.

I've heard that Ford wouldn't be looking for a bailout on its own, but is doing so for "industry solidarity". It had fairly recently secured its own financing and was alright for the time being.

It starts to sound like the auto industry crisis is mostly a GM crisis. Of course since it is by far the biggest by far, its crisis is an industry crisis.

[Romulox]

8. How do you feel about AIG and Citi's CEO compensation plans?

I'm sure you've examined them in depth, since we are giving over ten times more money to Citi alone.

So what did you find? :eyes:

[pampango]

12. You may rest assured that I have examined the details of the compensation plans of all Fortune 500

companies (as well as all aspects of our country's foreign policy problems and environmental problems).

Since I have no desire to overwhelm you with the depth's of my knowledge, I will simply say that I doubt that AIG and Citi's CEO's had compensation arrangements similar to that of Chrysler's CEO. If they did I hope that $1 they earned for letting their companies fail goes a long way for them. If Chrysler performs as poorly as AIG and Citi that's all its CEO is going to see.

[Romulox]

13. In other words, you have no idea.

:hi:

[pampango]

16. You do have a way with words. I am only hoping that the Chrysler CEO compensation plan

gets forced on AIG, Citi, GM and Ford (as well as all other large corporations who approach us for "emergency loans"). If the executives have a great plan and believe in the futures of their companies, the "Chrysler" plan should be fine with them.


:hi: back at you.

[machI]

3. The salary of a CEO is one thing, but the Bonuses are quite another matter

The compensation for Corporate CEOs for publicly owned companies is published in the company's annual report.

Mr. G. Richard Wagoner Jr., Chairman, Chief Exec. Officer of Gen. Motors Acceptance Corp. was paid 3.36 million dollars last year.

http://finance.yahoo.com/q/pr?s=GM

Good for Mr. Wagoner, it is good work if you can get it.

But his stock options, bonuses and 'other' compensation should be directly tied to company performance. If the company loses money, the CEO should be right there sharing the loss.

[liberal N proud]

4. Face the Nation on CBS listed all three yesterday

And compared them with Toyota.

Watch it here... http://www.cbsnews.com/video/watch/?id=4628191n

Toyota 1 million (They are making a profit)

Ford 21 million

GM 15.7 million

Chrysler was not mentioned.

[Midlodemocrat]

5. companypay.com - enter the ticker symbol

You'll get salary history as well.

[Romulox]

6. Try to stay up on current events, would you? We're talking about another $300 billion to Citi

and you're still whining about $25 billion to GM, Ford and Chrysler combined?

Tell me, what's the salary of the CEO of Citi, and how does he get around? :eyes:

[Midlodemocrat]

9. That's helpful. Look at the time stamp. Perhaps she didn't know?

:eyes:

And, I'm sure someone with your vast knowledge of current events can find out the CEO's salary.

[Romulox]

11. Time stamp was two hours ago. The Citi bailout was announced YESTERDAY.

Anyhow, plenty of time to launch a thread about Citi's CEO compensation.

Shall I hold my breath? :eyes:

[Midlodemocrat]

14. Perhaps she wasn't parked in front of the computer or a television all day?

I didn't hear about it until this morning because I was busy with my life.

Don't jump down someone's throat because they ask a question. It makes you look foolish. You have no idea what's going on in anyone else's life.

It's MUCH easier to get questions answered here on DU than to search yourself. A lot of people are glued to this site 24/7.

[Romulox]

15. So she's got time to opine on a current events message board, but no time to familiarize herself

with current events?

Uhhh....

[ColbertWatcher]

17. We can't allow the newest news distract us from ...

... all the crap that's happening.

What the CEOs are making is just as important as today's latest news and whatever crap happens tomorrow, next week and after January 20, 2009.

[safeinOhio]

10. Yep

and I don't see Citi CEO in front of congress being asked if he flew or walked. $20 billion, no questions asked, another $300 billion to cover any lose.
Lets get back to those car companies, UAW etc.
But wait, I just read that the banks stand to lose $100 billion in bonds and loans if the Big 3 go under. Hey, we have a chance.