Chrysler Execs Earning More while Filing for Bankruptcy

Just days after revealing a plan to that would allow the new Chrysler-Fiat partnership to skirt U.S. restrictions on executive pay by having some top Chrysler executives deemed Fiat employees, the automaker filed additional bankruptcy papers today that called for the closure of 789 dealerships -- a quarter of the dealers that sell the company's cars.

Anticipating the closures, more than 100 dealers descended on Capitol Hill Wednesday to convince lawmakers that Chrysler should not close its businesses as a cost-cutting measure. Word that the very company seeking to keep them from operating their dealerships had found a loophole to pay executives more than $500,000 annually outraged the car sellers.

"Of course I'm angry," Wade Walker, a Jeep dealer from Montpelier, Vt., said Wednesday.

"It proves these executives are only looking out for themselves and no one else," Walker said from Capitol Hill after meeting with both of Vermont's senators. - ABC News Story