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General Motors and Ford CEOs putting their salary on the line

Published December 3, 2008, 12:08 am, Los Angeles Times

The offer to work for $1 a year if an auto industry bailout is approved would mean a huge pay cut for Rick Wagoner and Alan Mulally. Working for a buck a year would amount to a multimillion-dollar pay cut for the chief executives of General Motors Corp. and Ford Motor Co.

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