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Unions Convince Judge To Slash Bonuses (70 million) For Delphi Execs

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Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-23-08 04:47 PM
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Unions Convince Judge To Slash Bonuses (70 million) For Delphi Execs

http://www.laborradio.org/node/7758

By Doug Cunningham

After intense union objections, the $87 million in executive bonuses for Delphi executives has been slashed to $16.5 million. Delphi declared bankruptcy last year and its workers were forced to sacrifice. The IUE-CWA and other unions objected to the huge bonus payouts. IUE-CWA President, Jim Clark says it’s a gratifying symbolic victory that the bankruptcy judge recognized the overwhelming greed in throwing huge cash payments to executives who ran Delphi into bankruptcy.
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DCKit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-23-08 05:29 PM
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1. Woo Hoo!!!
But will the execs simply keep appealing until they find a "friendly" Republic judge?
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whatdoyouthink Donating Member (295 posts) Send PM | Profile | Ignore Wed Jan-23-08 06:52 PM
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2. Only In America
Can you (CEO) go Bankrupt and get a Bonus...
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