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Top executives at Chrysler Group will soon see a major cut in their paychecks. As soon as today, the U.S. Treasury plans to announce new limitations on executive pay packages at companies that received the most government assistance under the Troubled Asset Relief Program (TARP). In addition to Chrysler, affected companies include General Motors, American [...]
In sharp contrast to tradition, where large bonuses routinely have been approved for executives of failed companies even as the firms cut thousands of jobs and ignored promises to retirees, the latest proposal to pay over $30 million to the top 100 executives at bankrupt supplier Visteon is drawing fire from all quarters. Ford Motor [...]
Automotive News recently published its list of salaries for automotive executives. While there is a statistically significant (if weak) correlation between total compensation and corporate profit, if you remove the top two CEOs – for Eaton and Johnson Controls – the relationship disappears completely. (This list does not include the CEOs for Ford and GM; [...]
Chrysler LLC has announced that C. Robert Kidder, former Chairman of Borden Chemical and of Duracell International, will become Chairman of Chrysler Group LLC, the company to replace Chrysler. The name “Chrysler Group” was used by Daimler for the former Chrysler Corporation. Full C. Robert Kidder biography