More on the bailout, $1.00 per year salaries....

Several media outlets have reported on this, one example is CNN where it's being reported that to make the deal somehow seem better that the CEO's of the Big Three are offering to only take a salary of a $1.00. Considering what they've made in recent years in salary, bonuses, etc., I don't think it would be that difficult for them to do.

As part of its plan, Ford announced that the salary of Ford CEO Alan Mulally would be cut to $1 a year if Ford (F, Fortune 500) actually borrowed money from the government.

General Motors (GM, Fortune 500) said that CEO Rick Wagoner also will accept a $1 salary. Chrysler LLC CEO Robert Nardelli is already being paid only $1 a year, according to the Chrysler plan.

Mulally had a base salary of $2 million and total compensation of $21.7 million last year, according to the company's filings. Wagoner received base pay of $1.6 million and total compensation of $14.4 million. Closely-held Chrysler does not disclose executive pay.