Filed under: Etc., Saab, Earnings/Financials
Saab, which is currently on life support as money issues continue to pile up, is reportedly about to give its board members a bump in pay. Those aforementioned issues - the inability to pay suppliers and workers, the looming threat of bankruptcy - make the retroactive pay raises received by the Swedish Automobile N.V. (SWAN) board of directors seem just a tad poorly timed.
These raises may have been planned well in advance, as Saab PR is quick to point out. That doesn't change the fact that the automaker needs financial help, yet has chosen to hand out more of the very thing it needs most right now to those at the very tippy top of the food chain.Saab board's retroactive pay raise comes at a bad time originally appeared on Autoblog on Thu, 18 Aug 2011 18:27:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
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