Nardelli: no loophole for higher salaries

Bob Nardelli wrote today: “Several news reports have stated that Chrysler executives ‘found a loophole’ for executive compensation. I want to assure you that these reports are absolutely, positively incorrect. Chrysler understands the limitations on compensation for senior executives during the term of the government loans. Chrysler has and will continue to fully comply with all conditions and legal requirements as it relates to executive compensation matters.”