Two weeks ago, the Big Three executives got raked over the coals for taking private jets to Washington to beg for our money.
This time around, they drove hybrid cars from Detroit down to D.C., but, as NBC’s Frank Thorp shows, they really didn’t save any money:
Ford’s Alan Mulally made $17 million in 2007 in salary and incentives, according to the Wall Street Journal. Broken down, that means he makes $1,940 an hour, which means the extra eight hours he spent on the road cost the company $15,525 — one-way.
GM’s Rick Wagoner made $3.8 million in 2007 ($443 per hour) in salary and incentives. Wagoner spending that extra eight hours on the road costs the company $3,531 one way.
Bob Nardelli has not disclosed how much he makes at Chrysler, but judging by the fact that he was making $25 million a year at Home Depot last year, his time is worth a bundle as well.
Whoops.
