I like the way that Senator Tester thinks:
As chiefs for the nation’s top automakers made a second appeal to lawmakers Tuesday for $25 billion in federal help, their plans included an element first suggested by Montana Democratic Sen. Jon Tester last month: Slash chief executive pay to a buck a year.
Ford CEO Alan Mulally announced a plan early in the day to sell corporate jets and take a $1-a-year salary if his company has to tap into a hoped-for $9 billion “standby” federal loan.
GM CEO Rick Wagoner also pledged to pay himself just a dollar.
I don’t think we need to worry about this Senator forgetting who he is working for:
Tester said he is still going over the Ford and GM plans, which were released Tuesday, but he said that asking a Montana taxpayer who earns $35,000 to “bail out the guy who makes seven, eight figures is a non-starter.”