17th November 2008

Say, What? Chrysler Executives Could Continue To Receive Bonuses

posted in Car News Articles |

The lead story in Friday’s edition of the Detroit Free Press says Chrysler is paying about $30 million in retention bonuses to keep top executives on the job. Chrysler owes the bonuses under its contracts with about 50 executives, based on a retention incentive plan crafted early last year by former German parent DaimlerChrysler, when it was preparing to sell Chrysler, the paper reported.

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