Wednesday, October 01, 2008

Waiting for the Next Big Vote

Don't you wish they cared as much about Health care? Or ending the war?

As we wait for the next historic vote, and all the sound bites that will accompany it, I would like to point out a little something.

In 2008, Ford, GM and Chrysler all received a 25 billion dollar loan from the US government. They will receive another 25 billion next year. What have you received for your hard earned tax dollars?

37% decline at Chrysler, a 34% decline at Ford and an expected 24% drop at GM.

Wow, that was a good investment.

What did the CEO's make?

"Alan Mulally, Ford president and chief executive officer, earned $2,000,000 in salary and received incentive bonus awards of $7 million. Total 2007 compensation was $21,670,674, which includes salary, bonuses, the Company-recognized expense for stock options and other stock-based awards, as well as all other compensation."

"GM chairman and chief executive officer Rick Wagoner received compensation valued at $15.7 million for 2007, up 64 percent from the previous year."

I can't find 2007's pay for Chrysler's Robert Nardelli but he was booted from Home Depot for running the company into the ground. He left Home Depot early in 2007 with a 210 Million dollar payout.


And we're going to give these folks more?

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Anonymous Laura said...

ya know, looking at that amount of money I cant help but think how "OK" I would be with about a quarter of it!


3:00 PM  
Blogger Seda said...

Wow. Insanity. I really think we oughta start by taxing 'em at about 90%, and then fine the crap out of 'em, and then maybe stick 'em in jail for awhile.

But hey! I'm not bitter!

9:38 PM  

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