GM Facts and Fiction

[Late BrakeU2]

And here ya have it " I'm o.k. with where i am"

If these guy's were on the Titanic they would be pushing women and children off the lifeboats-sure ain't Lee Iacoca!
(and in japan they would have already commited suicide for their disgrace)

11/19/08

The chief executives of General Motors Corp. (GM) and Ford Motor Co. (F) said Wednesday they wouldn't accept a $1 salary in exchange for government aid to their imperiled companies, as the head of the former Chrysler Corp. did a generation ago. During a hearing Wednesday, a member of the House Financial Services Committee told Rick Wagoner of GM and Alan Mulally of Ford that reducing their annual salaries to $1 would be an important symbolic gesture as they lobby for $25 billion in loans funded by tax dollars. Chrysler's Lee Iacocca worked for that wage when his company was bailed out by the government in the 1980s. "I'm willing to do what I've been doing," Wagoner said, saying he has already accepted a significant wage decrease and given up other forms of compensation. But he stopped short of saying he would accept a $1 salary. Mulally said: "I understand your point about the symbol. But I think, not just for me, but we're trying to fill a skilled and motivated team." Pressed on whether he would work for $1 a year, Mulally said, "I think I'm OK where I am." The chief executive of Chrysler LLC, Robert Nardelli, had said Tuesday he would be willing to work under that salary as a condition for a federal bailout package.

[1969l78]

Robert Nardelli can manage on $1 a year. I think he got $200 million when he left Home depot. Then they all flew to washington on there private jets. How much did that cost there companies. Fly coach on a normal airline to save thousands. These guys do not get it, I will not shed a tear if they go under. They did it to themselves, just my .02

[1969z280]

Nardelli is a jerk who destroyed Home Depot. They used to be my largest client and had one of the most successful management teams in history. First to $500 Million, First to $1 Billion, etc. He dismantled the entire team (fired them) and brought in his own people, then drove the ship into the ground and left to take his new position at what was left of Chrysler. He's not a car guy and I don't know how he keeps landing on his feet instead of his a$$. His wallet must be too big to fall backwards. Just my $.02