Truth to Power

There’s dumb, and then there’s Chrysler dumb

Chrysler Turned Down Loan Over Exec Pay Limits

Chrysler LLC’s financial arm turned down additional government aid after some top executives refused to accept new limits on executive pay, according to a government official with knowledge of the negotiations.

The official said Monday that the Treasury Department denied Chrysler Financial’s request for more aid because some of its top 25 executives would not waive their rights to legal claims against the government and Chrysler Financial regarding new caps on executive compensation. The official did not want to be identified because the decision has not been made public.

The Washington Post reported on its Web site Monday that Chrysler Financial turned down $750 million in aid on top of $1.5 billion it already has received.</em>

Ain’t no pay limits when you AIN’T GOT A JOB, JACKASS.

Let ‘em fail. And then hopefully the rank and file workers- you know, the ones that actually DO the work, instead of just skimming off the top, well, maybe they’ll wake up. And if so, the executives will have a lot more to worry about than how much they get paid.


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