Journal # BMW announced today that all members of the board are taking a 40 percent cut in salary as earning continue to weaken # 18.03.2009 18

A very different attitude toward executive pay across the Atlantic at the German carmaker BMW. The company announced today that all members of the board are taking a 40 percent cut in salary as earning continue to weaken. BMW warned it will make less money this year than in 2008 and it said 20-thousand workers will work shorter weeks as production is rolled back.