Chrysler: pay down, orders up
Buoyed by price rebates that appear to be boosting car sales, Chrysler Corp. chiefs are expected this week to give Treasury Secretary G. William Miller their promised plan of sacrifice and salesmanship for the company's survival. As a gesture to a Government from which they are requesting aid and a union from which they want concessions, Chrysler's two top executives announced last week that they are becoming $1-a-year men.
Chairman John Riccardo and President Lee lacocca temporarily waived their annual salaries of $360,000 in exchange for cash or credits...
To continue reading:
or
Log-In
