I for one welcome our new Chinese corporate overlords

Chrysler Canada has asked Ottawa and Ontario for $1-billion in aid, as the "big three" in the US are attempting to hit up their taxpayers for $25-billion.

US Ford CEO Alan Mulally took home $28 million in pay in 2007 while GM's Rick Wagoner struggled by on just $15.7 million.
As a private company, Chrysler is not required to disclose the salary paid to its execs and CEO Robert Nardelli has offered to reduce his salary to $1 till business "picks up", but don't feel too sorry for him - Home Depot just paid him $210 million to piss off last year.

All three U.S. auto industry leaders flew to the Washington bailout hearings to ask for money in separate luxury jets. Each flight was estimated to cost $20,000 (U.S.)

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Anyway, while knocking around teh google, trying to find out how much the Canadian Chrysler CEO makes, I ran into this at The Truth About Cars :
Chinese May Buy GM and Chrysler :

"Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports today. The paper cites a senior official of China’s Ministry of Industry and Information Technology– the state regulator of China’s auto industry– who dropped the hint that “the auto manufacturing giants in China, such as Shanghai Automotive Industry Corporation (SAIC) and Dongfeng Motor Corporation, have the capability and intention to buy some assets of the two
crisis-plagued American automakers."

An editorial at TTAC notes :

"As of September, the U.S. Treasury owes China $585b. With GM’s market cap now standing at a pocket change rate of $1.35b, and getting cheaper by the minute, China could buy 433 General Motors with their T bills alone."

Cross-posted, more or less, at Creekside.

Update : Heh. Great minds google images alike.