It was reported the other day by Detroit Free Press, as Chrysler axes thousands of jobs and goes cap in hand to American and Canadian taxpayers seeking a multi-billion dollar bailout to stave off bankruptcy, they’re paying out $30 million in so-called retention bonuses to 50 top executives that range from a “low” of $200,000 to $1.89 million.
The apparent justification for this is in order to “prevent loss of leadership during critical times.”
Do why would you even want to retain leadership that just about put the companies into bankrupcy? And who would be interested in hiring these executives anyway? The greed just never stops.