Tuesday, December 2, 2008

Use bailout money for new ventures, not old ones

As Ford Motor Co. "I think we learned a lot from that experience," Ford CEO Alan Mulally told The Associated Press in an interview. Ford CEO Alan Mulally made the comments as US automakers submitted detailed plans to Congress Tuesday. Chief Executive Officer Alan Mulally said he would work for a $1 annual salary should Ford need to access the loan. Ford plans to include a pay cut for Ford CEO Alan Mulally, although the size of the cut was not immediately available. From left, Rick Wagoner, Robert Nardelli and Alan Mulally. Alan Mulally played a leading role in Boeing's initiative to reinvent the commercial airliner. Now he is CEO of Ford.

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