Chrysler's got a deal for you.

I'll preface this post with a quote from the article referenced:

"As a private company, Chrysler can do whatever it wants when it comes to compensating its executives."

Still....
http://blogs.moneycentral.msn.com/topstocks/archive/2008/11/14/chrysler-gives-bonuses-asks-for-bailout.aspx

"The company had no idea that its industry was headed for collapse, ..." uh huh - its a company that makes cars. Cars use gas. Gas is from oil. Oil is a natural resource the likes of which are said to be dwindeling. Did they not know this? Did they not know that the world needs to move to a cleaner, more renewable power source? Maybe they missed the memo.

If indeed: "The industry is asking for $25 billion in low-cost government loans. " and it truly is loans, then perhaps this isn't such a big deal. But my guess? This will be a bailout just like the 'now-becoming-frequent' government intervention. In the end, the government will get a stake in the companies. And by 'government', I really mean, the American Taxpayer.

Oh to be an executive. Do nothing - get paid LOTS of cash - and walk away rich while the company goes under. Oh to be an executive.