Clarifying Chrysler's Status

There are at least two interesting points about Chrysler. It is stated by several sources that Robert Nardelli has been receiving $1.00 a year since becoming C.E.O. last year.

Now, we can assume that Mr. Nardelli (who came from Home Depot) obviously receives some benefits, bonus, expenses, perks - whatever you want to call it.

Chrysler is 80% owned by Cerberus Capital, so one wonders why they are looking for federal funding.

It seems as though perhaps the Big Three are more like the Big Two (Ford and General Motors) + 1.

The drama continues tomorrow.