And recently today the heads of GM and Ford both refused to take a one dollar an... | Hacker News

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chris11 on Nov 20, 2008 | parent | context | favorite | on: Let Detroit Go Bankrupt

And recently today the heads of GM and Ford both refused to take a one dollar annual salary as Lee Iacocca did when Chrysler was bailed out in the 80's. So I really don't see top management in either Ford or GM to do anything to symbolize sacrifice.

Tichy on Nov 20, 2008 [–]

It is probably just that, though, a symbolic sacrifice, not a real sacrifice? I suppose they still get their stock options, boni and what not.

chris11 on Nov 21, 2008 | [–]

I think its more than a symbol. They would probably still get a lot money, but at least it would be mainly based on stock price/performance.

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