GM and Ford CEOs made way more than you did last year


Now that General Motors and Ford Motor Co. are staring into the abyss of free market capitalism (stay competitive or die), the two remaining publicly -owned members of the vaunted Big Three automakers are sucking up to the Fed for a piece of the $700 billion financial industry bailout.

Congress has already slipped the industry a bone in the form of $25 billion worth of low-cost loans. But the auto industry is in its death spiral, and needs more. More!

I can't help but wonder, with all this hemorrhaging of money, why the men who helped make these iconic American companies the dinosaurs they are today are not taking a pay cut themselves. I mean, if you're going to exact a pound of flesh from your working rank and file, why not take a whack at yourself?