and the winner is...

[densoo]

Delphi Corporation. Asking for 60% labor wage cuts and $500 million in bonuses for 600 execs in the same breath and using the same reasoning--to help restructure.

Delphi filed for bankruptcy last month. As part of its restructuring plan, the company has proposed cutting production workers' hourly wages from $27 to between $10 and $12.50.

Delphi also is asking the bankruptcy court to approve a plan that would give stock options and cash bonuses for about 600 executives when the company emerges from bankruptcy. The UAW estimates Delphi's compensation plan is worth more than $500 million.

http://hosted.ap.org/dynamic/stories/D/DELPHI_PROTESTS?SITE=CAVAL&SECTION=HOME&TEMPLATE=DEFAULT

Can't afford to lose any of these execs? Any? At a $million per?

Delphi says the compensation plan is necessary to keep its executive team in place during the bankruptcy process. Delphi Chairman and Chief Executive Robert S. "Steve" Miller, who excluded himself from the compensation plan, said recruiting new executives would be costly and time-consuming.

Ah, never mind. You've been talking the airlines.

 

[Green]

Delphi Corporation. Asking for 60% labor wage cuts and $500 million in bonuses for 600 execs in the same breath and using the same reasoning--to help restructure.



Can't afford to lose any of these execs? Any?

Those execs should be shot.....A few more years of this sh$t and we'll have a revolution on our hands.

 

[F/O]

Delphi CEO "Steve" Miller is on the UAL board. I'm sure everyone is shocked to hear that....

 

[Draginass]

You think it's absurd, but the people in power don't. The corporate elites, politicians, and courts in this country are hand-in-hand.

 

[canyonblue]

Delphi CEO "Steve" Miller ...

"Keep on a rockin' me baby"

 

[stonewall]

...need some revolution up in this piece....