ABC News

A Handful of CEOs Earn $1 in Salary but Make Millions Elsewhere

The chief executives of the Big Three automakers might give up most of their salary if they get assistance from the federal government. Ford CEO Alan Mulally, General Motors CEO Rick Wagoner and Chrysler CEO Robert Nardelli all pledged to earn $1 a year in salary as part of their respective companies' plans to remain profitable. That is, if the government helps them out and if they take that help. This is in stark contrast to two weeks ago when Mulally and Wagoner rejected a suggestion from... Full Story
Contribute | Do you have more information about this topic? If so, please click here to contact the editors of ABC News.
127 Comments | Add Yours
Comments that include profanity, personal attacks, or antisocial behavior such as "spamming," "trolling," or any other inappropriate material will be removed from the site. We will take steps to block users who violate any of our terms of use. You are fully responsible for the content you post.