Friday, February 08, 2008

Delphi Bankruptcy Judge Rips Executive Bonuses

Not seeing much news about this around which I think is a bit odd: Delphi Judge Orders Bankruptcy Emergence Bonuses Slashed, Cuts Exec Payout by 80 Percent :
"For most of the two-plus years since Delphi Corp. filed for bankruptcy protection, the auto parts maker has been bashed by union leaders. Many of the complaints centered on the cash payouts earmarked for the company’s executives once Delphi emerged from Chapter 11."

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