The Detroit CEOs who went, tin cup out, to request a bailout went to Washington in three separate corporate jets.
So it was hard to feel sorry for the executives when Rep. Peter Roskam (R-Ill.), late in the hearing, reminded them again that “the symbolism of the private jet is difficult,” and mischievously asked the witnesses whether, in another symbolic gesture, they would be willing to work for $1 a year, as [Chrysler head Robert] Nardelli has offered to do.
“I don’t have a position on that today,” demurred [GM CEO Richard] Wagoner (2007 total compensation: $15.7 million).
“I understand the intent, but I think where we are is okay,” said [Ford top Alan] Mulally ($21.7 million).
“I’m asking about you,” Roskam pressed.
“I think I’m okay where I am,” Mulally said.
And don’t even think about asking him to fly commercial.