ArvinMeritor paring senior executive pay

January 2009
Trailer / Body Builders;Jan2009, Vol. 50 Issue 3, p6
Trade Publication
The article focuses on the ten percent base salary cut of 100 senior executives in ArvinMeritor to conserve cash in the face of declining demand from automakers globally. It is stated that the car and truck parts maker is also cutting salaries of its U.S. white-collar workers by five percent and eliminating 1,500 jobs. The non-assurance for the reinstatement of former salary rates is also noted.


Related Articles

  • ArvinMeritor paring senior executive pay.  // Refrigerated Transporter;Mar2009, Vol. 44 Issue 10, p12 

    The article reports on the decision of ArvinMeritor Inc. to reduce base salaries of senior executives by 10% to control cash in response to the economic crisis in the U.S. Aside from executives, ArvinMeritor plans to reduce salaries of white-collar workers by 5%. According to the company, pay...

  • Alvarion Sheds Jobs, Cuts Exec Pay. Medford, Cassimir // Red Herring;12/8/2008, p4 

    The article reports on the plan of Alvarion, the world's largest WiMAX products company to shed 11 percent of its workforce and slash management salaries. The Tel Aviv, Israel-based firm said it has embarked on a number of cost reduction moves to lower its expense base in a slowing global...

  • Did big investors and government policy trigger the `corporate greed' furor?  // Corporate Board;Jul/Aug96, Vol. 17 Issue 99, p27 

    Discusses several factors which helped boost executive pay and corporate downsizings in 1996. Shareholders' increasing influence on directors and management; Tax policies implemented in 1993; Information from a report by Pearl Meyer and Partners Inc.

  • Caterpillar to cut executive pay.  // Mining Engineering;Feb2009, Vol. 61 Issue 2, p23 

    The article reports on the decision of Caterpillar, maker of construction and mining equipment, to cut executive pay by as much as 50 percent and suspend merit increases for management and support staff to lower costs. The article reports that pay for senior managers will be reduced by five...

  • Caterpillar Cutting Costs at all Levels.  // Assembly;Jan2009, Vol. 52 Issue 1, p34 

    This article reports on a decision by Caterpillar Inc. to enact a number of cost-cutting measures in response to deteriorating market conditions. Cost-cutting measures to be enacted by the company include laying off some of its hourly workers and making significant cuts in terms of compensation...

  • Assessing the roller coaster of downsizing. Mabert, Vincent A.; Schmenner, Roger W. // Business Horizons;Jul/Aug97, Vol. 40 Issue 4, p45 

    Focuses on competitive pressures that have forced many firms to reduce the size of their work forces as one method of cost control. Defining downsizing and understanding the reasons for it; Case against downsizing; Downsizing study; Several categories of potential benefits and costs related to...

  • Preparing for downsizing costs. Rainey, Joseph P. // Business Insurance;8/14/95, Vol. 29 Issue 33, p25 

    Advises employers on downsizing costs. Includes putting resources to control losses in place before the reduction is announced; Initiation of an accident reporting and investigation procedure; Identification of a list of preferred medical providers that have some occupational experience.

  • Headcounts keep heading down. Marshall, Jeffrey // U.S. Banker;Apr98, Vol. 108 Issue 4, p72 

    Discusses the reduction in headcounts at major banks in an effort to reduce costs. Information on First Union Corporation; Identification of three banks which have all accounted sizable headcount cuts; Details on the banks.

  • Eastern's Purger.  // Time;10/15/1973, Vol. 102 Issue 16, p101 

    The article focuses on the effort of Floyd D. Hall, chairman and chief executive of Eastern Airlines Inc., to bring back the company's financial stability and remove the rest of the management from any accountability on the firm's financial loss in 1973 in the U.S. It cites that the company has...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics