Ford today unveiled its restructuring plans to Congress, including cutting the salary of Ford CEO Alan Mulally to $1 a year if Ford gets loans from the government, CNNMoney reports. A GM spokesman confirmed its CEO also will accept a $1 salary and Chrysler's CEO has already agreed to work for a dollar. The Big Three want $25 billion for their ailing companies. Congress gave them until today to explain how the money would be spent

http://money.cnn.com/2008/12/02/news/companies/automakers_plans/index.htm?postversion=2008120210