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GM paid Walter Chrysler a whopping $600,000 a year.(General Motors Corp.)(Walter Percy Chrysler)(Brief article)
Automotive News
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May 26, 2008
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A few weeks ago, we told you how General Motors mastermind Billy Durant missed buying Ford Motor Co. in 1909 because he couldn't raise a couple of million bucks.
Durant didn't have to think about buying Chrysler Corp.; there was no Chrysler Corp. And besides, Walter Percy Chrysler worked for GM. With a salary of $600,000, Chrysler was the highest-paid employee in the auto industry. In those days (1916-19), $600,000 was a staggering sum. It is about $12.3 million in 2008 dollars.
Walter Chrysler had put Buick back on its feet, and, as a reward, Durant made ...
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