Salaries slammed
The United Auto Workers union president, Owen Bieber, has denounced as “scandalous and irresponsible” the SUS2O million ($34.6 million) paid to Mr Lee lacocca last year as chairman of Chrysler Corporation, and the Ford Motor Company’s chairman, Mr Donald Petersen’s SUS 4.3 million ($7.43 million) salary. Mr Bieber, a Chrysler board member who last week denounced the General Motors Corporation for the nearly SUS2 million ($3.46 million) it paid its chairman, Mr Roger Smith, in 1986, said the firms “all should be ashamed of themselves” for what he called the excessive pay they give executives. — Detroit
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Press, 27 April 1987, Page 13
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98Salaries slammed Press, 27 April 1987, Page 13
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