Automaker promises to sell corporate jet and cut CEO pay to $1 if it borrows from the government but offers few additional cost cutting plans.
By Chris Isidore, CNNMoney.com senior writerNEW YORK (CNNMoney.com) -- Ford Motor became the first of the three U.S. automakers to unveil its turnaround plans to Congress Tuesday, but the plan contained little in the way of new cost cuts or other changes beyond what the company had previously announced.
The company announced that the salary of Ford CEO Alan Mulally would be cut to $1 a year if Ford (F, Fortune 500) actually borrowed money from the government.....Continue reading article here if interested.
No comments:
Post a Comment