How Much Should An Automotive CEO Earn After Seeking A Federal Bailout?

An audit released Tuesday criticized the Treasury Department's decision to allow large bailout recipients to pay some executives cash salaries of more than $500,000 to keep them from quitting.

In 2009, the Treasury Department imposed pay restrictions on seven large bailout recipients under the 2008 $700 billion Troubled Asset Relief Program: General Motors Co., Chrysler Group LLC, Ally Financial Inc., AIG, Bank of America Corp., Chrysler Financial Services Inc. and Citigroup.

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Agent009 - 1/25/2012 12:01:44 PM

+1 Boost

Part of the pain of seeking federal funds should be a pay cut. The CEO needs to tough it out with the rank and file. I simply don't buy that fact that a CEO can't make it on $500,000 a year. These are wealthy people.

internationalmanofmystery - 1/25/2012 12:47:11 PM

+1 Boost

Agent:

Do you know how much a Monet costs?? It's expensive to furnish and entertain in a New York Upper East Side penthouse mansion!! Just ask Dennis Kozlowski!! "Regular" people just don't understand our pain!!

Patronus - 1/25/2012 12:15:29 PM

+2 Boost

LexSucks - 1/25/2012 12:56:32 PM

-1 Boost

CEO's should earn 3 times as much as they did before the bailout after the bailout. Reason? 1) For the outstanding job that they've been doing 2) we shouldn't penalize the job creators.

irishmike - 1/25/2012 2:16:16 PM

+3 Boost

Their success will be short lived. When you look at the decline of the industry over the years, it is easy to see it was all greed that got them in trouble, you too, UAW !
And until they start managing profits like the Asian companies by reinvesting, reducing retail prices, improving quality, etc., they'll be back to the government trough in a few short years, just wait and see.

Mooky - 1/25/2012 10:05:37 PM

+3 Boost

They deserve a big and swift kick in the ass

AdmiralT20 - 1/28/2012 6:57:03 PM

+1 Boost

Agent009, how much should Wall Street CEO that got bailed out be paid.
I bet Agent009 won't like that line of questioning.