Ford Doesn't Want to Cut CEO's Pay
Posted Nov 27, 08 4:09 PM CST in US, Business
(Newser) – Though it’s under pressure to trim costs and update its business plan in order to get federal bailout funds, Ford doesn’t like the idea of cutting its CEO’s salary, the Wall Street Journal reports. Alan Mulally made $21 million last year; asked in testimony last week on Capitol Hill if he’d accept a $1 salary, he replied, “I think I’m OK where I am.â€