Chrysler Financial Accused Of Turning Down Government Loan To Avoid Executive Bonus Restrictions

Chrysler Financial Accused Of Turning Down Government Loan To Avoid Executive Bonus Restrictions

The Washington Post has just published a story accusing executives at Chrysler Financial of turning down a $750 million government loan because they “didn’t want to abide by new federal limits on pay,” and instead opted for more expensive private sector financing, “adding to the burdens of the already fragile automaker and its financing company.” Chrysler Financial denies the charge.