I don't think ANY bailout money for ANY industry should go for ANY executive salary.
Unfortunately, if you want the company to re-group and become successful, you need real pros at the helm - and few real pros work cheap.
Same problem with dividends - if the Government restricts the company's ability to pay dividends, they restrict the company's ability to attract capital, and guarantee they'll be back for more bail-out funds.
If we placed a Value Added Tax on consumer goods (and then used those funds to pay for worker health and pension benefits) the American auto companies could better compete with foreign imports. (Remember, auto workers in most foreign countries get state supplied benefits, so their company costs are lower and they can undercut Detroit's prices.)
der Brucer