Iowa Independent
Subscribe to our RSS feed   -    Follow us on Twitter

Stories

Grassley calls on automakers to cut executive salaries

By Jason Hancock 11/14/08

In a letter to the leaders of the big three U.S. automakers, Sen. Chuck Grassley said that before receiving a government bailout executives should follow the example of former Chrysler head Lee Iacocca and cut their own pay.
“Lee Iacocca essentially worked for pennies to demonstrate leadership and forcefully prove to his colleagues that he was [...]

  • © 2007-2009 The Iowa Independent