LizzieMaine
Bartender
- Messages
- 33,828
- Location
- Where The Tourists Meet The Sea
There is a movie "The Solid Gold Cadillac" from 1956 in which Paul Douglas plays a CEO who takes a job managing some big project or group in the Pentagon for, if memory serves (and I might be wrong on this), $1 a year. Since that was 1956 (albeit a Hollywood movie), I wonder if dollar-a-year men were part of the WWII effort. My money is on LizzieMaine having some insight into this one.
"Dollar a Year Men" were common during the second war -- the program started in 1940 when President Roosevelt appointed William Knudsen of General Motors as the head of the Office of Production Management. Knudsen remained a "Dollar a Year Man" until 1942, when he was commissioned a Lieutenant General in the Army.
"Dollar a Year" is misleading -- while the executives who participated in the program received the symbolic dollar-a-year for their government work, most of them also remained on the payrolls of their civilian jobs, where they continued to earn substantially more than a dollar a year. Most weren't making a substantial financial sacrifice by participating in the program. Knudsen himself did step down from his post at General Motors, but he continued to realize a nice income for himself from his ownership of GM stock.
General Motors board chairman Alfred Sloan, who hated the ground FDR rolled on, refused to give Knudsen his old job back after the war.