Magazine

Terms of a Rescue Plan


1. No bonuses for top 25 most highly paid execs until money is repaid

2. No dividends or golden parachutes

3. Government-appointed "car czar" approves restructuring plans by Mar. 31

4. No owned or leased corporate jets

5. Government gets stock warrants equal to 20% of total loans

6. Car czar O.K.s all transactions and investments of $100 million and above

7. Restructuring must enable carmakers to meet new fuel-economy regs

8. If benchmarks set by car czar aren't hit, the money stops


Tim Cook's Reboot
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