Chrysler's new chief executive may seem a little familiar to critics of executive pay - Robert Nardelli is set to take his seat at the head of the company after being forced to resign from Home Depot over executive compensation issues. His new employer - private equity firm Cerberus Capital - agreed to hire him but failed to disclose any details about his compensation other than the fact that it would be tied to the automaker's progress throughout its turnaround.

Nardelli himself indicated that he thinks the new compensation is fair and hopes it will not become an issue with Chrysler's ongoing contract talks with the UAW union. "The last thing I would want to be as part of the new Chrysler is a distraction," Nardelli told reporters in a news conference at Chrysler's headquarters. "It certainly is my hope that it doesn't become an issue."