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Execs got millions for work on sale of Chrysler

At a time when Chrysler LLC is trying to win historic concessions from the UAW, news broke over the weekend in Germany that Chrysler President Tom LaSorda and former Chief Operating Officer Eric Ridenour were paid bonuses worth millions for their help with the sale of the Auburn Hills automaker earlier this year, according to the Detroit Free Press.

Erich Klemm, the top German labor representative on DaimlerChrysler AG's supervisory board, is quoted in a German newspaper calling the bonuses "unreasonably high." The exact amounts of the bonuses were unknown.

Posted by Peter C. T. Elsworth  at 9:30 AM to Chrysler | Permalink

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