SocraticGadfly: Chrysler takes a bailout playbook page from AIG

November 17, 2008

Chrysler takes a bailout playbook page from AIG

Well, paying top execs $30 million in retention bonuses is certainly a great way for Chrysler to try to qualify for federal bailout help.

Yes, the execs may be due them under law, but the image it projects — to both Congress and the UAW — is hugely arrogant.

And, it sure seems easy to blame Daimler-Benz for a lot of stuff, doesn’t it? Makes you wonder how Mercedes ever sold a car in the U.S.

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