Ford CEO will work for $1 per year to get loan
Wednesday, December 03 - 2008 at 08:54
Ford's chief executive, Alan Mulally, yesterday pledged that he will work for an annual salary of one dollar if the struggling carmaker has to take government money as part of a $25bn bail-out of the US car industry. Mulally also vowed to sell Ford's fleet of corporate jets, cancel all next year's bonuses, close more plants, trim its dealer network and speed up work on developing electric vehicles in a bid to gain support from the US congress.
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Jeff Florian, Senior ReporterWednesday, December 03 - 2008 at 08:54 UAE local time (GMT+4)
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