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Auto Industry / Executive Salaries and Japanese Quotas #537399

NBC Evening News for Sunday, May 06, 1984
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(Studio) Report introduced
REPORTER: John Palmer

(DC) Econ. impact on United States auto. consumer of Japanese import quotas noted; record United States auto company profits last year outlined on screen. Exorbitant salaries and bonuses paid General Motors chairperson- Roger Smith, Chrysler chairperson Lee Iacocca and Ford chairperson Philip Caldwell as result of large profits listed on screen. [CALDWELL - defends. salaries, bonuses.] [Courtesy "This Wk.", UAW (United Automobile, Aerospace and Agricultural Implement Workers of America) president Owen BIEBER - feels workers have right to share of profits in light of execs.' salaries.] Call for lifting of Japanese import quotas noted. [Courtesy "This Wk.", trade representative William BROCK - feels consumer shouldn't have to subsidize US firms making such large profits.] [Courtesy "Meet the Press", Treasury Secretary Don. REGAN - notes President Reagan has not yet made decision on issue.] White House displeasure with Brock considered.
REPORTER: Irving R. Levine

Reporter(s):
Levine, Irving R.;
Palmer, John
Duration:
00:02:30

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