Chrysler Passes Out Bonuses for Executives

Thirteen hundred top-level executives at Chrysler Group, which lost $1.5 billion last year, received bonuses last week based on the overall performance of DaimlerChrysler AG in 2006.

In addition, DaimlerChrysler AG's management board approved pay-for-performance increases late last month for all Chrysler salaried workers that will go into effect in July, the Free Press has learned.

The July increase will be the first merit pay increase for the company's more than 21,000 salaried workers since 2005. UAW members received a general wage increase last year through their labor contract and have not seen increases in the cost of their health insurance, which salaried workers have experienced.

While the bonuses for the 1,300 executives are mostly tied to Chrysler performance, about 30% is tied to DaimlerChrysler's overall performance.


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lewissalem - 3/21/2007 10:04:11 AM

+1 Boost

That's great for them. They deserve it. The Jeep Compass is a great product!

quizz - 3/21/2007 10:22:46 AM

+2 Boost

That is just so sad.

no1listensanyway - 3/21/2007 11:07:36 AM

+3 Boost

I would grab my bonus and run.

AMGC55 - 3/21/2007 1:21:51 PM

+3 Boost

haha 10$ for you... 15$ for you... ok! dont spend it all on one thing

PlanB - 3/21/2007 3:47:52 PM

+1 Boost

I live in Chicago and was at the auto show last month. Aside from any of their cars with a HEMI, they've got a lot of work to do. Not bad looking rides on the outside but very, very cheap looking interiors, even more so than GM.

ellives - 3/22/2007 10:10:41 PM

+1 Boost

Uh - I'd take a closer look at GM interiors before spouting off. The Silverado (GMT900) product and the '07 SRX which sports an interior similar to the '08 CTS are winning awards.

zorbeeze - 3/22/2007 11:45:28 AM

+1 Boost

Those executives don't deserve a penny as a raise. They are the ones that have brought this company to the point of bankruptcy. They should stop blaming the unions, gov't, import brands and look in the mirror. These executives should be ashamed of themselves.

d1sinfo - 3/22/2007 5:02:49 PM

+1 Boost

They forgot to add the bonus consists of a Lexus IS-f