CEO of the Detroit Big Three (General Motors, Ford, Chrysler), together with the president of the United Auto Workers, flew to
In my MBA study, one of the subjects is Business and Professional Ethics. Now, I wonder if
- The CEO of the three auto companies and the Union chief were flown to
in separate, corporate planes. Washington
- Ford alone maintains 8 corporate jets.
- Workers of GM, Ford and Chrysler make more than $70 per hour in combined wages and benefits, vs. around $40 for their counterparts in rival
Toyota’s plants in . America
- When Congress members asked the CEO of the companies to limit their own salaries to $1 million a year, only one (Chrysler CEO Robert Nardelli) agreed. GM’s Wagoner and Ford’s Mulally sidestepped the question.
Elsewhere, I learn that GM CEO received $15.7 million in compensation last year. [Source] As a comparison, Apple’s CEO Steve Jobs and Google’s CEO Eric Schmidt are paid $1 a year respectively (excluding dividends and other benefits), and you know both companies are doing well.
President-elect Obama has agreed in principle to assist