At Chrysler, top brass take the hitDavid Welch
Is Chrysler taking a cue from its old CFO? On March 15, Chrysler Group said the company would cut salaried-employee and retiree health care benefits, with top execs taking the biggest hit. Chrysler Group CEO Tom LaSorda wanted an equitable solution to cutting health care costs, which are expected to jump 8.5% this year to $2.3 billion at Chrysler. That sounds a lot like the “equity of sacrifice” that former Chrysler Corp. CFO and now General Motors board member Jerome B. York prescribed for that company in January.
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