Delphi Fight Shows Executive Pay Not So Lavish

[Mister Period]

Dec. 1 (Bloomberg) -- Auto executives in Detroit, just like unionized hourly workers, are having a tough time these days justifying their paychecks.

The bottom line? Assembly-line workers may not like to hear this, but pay for the bosses is about in line with that of other U.S. manufacturing executives, according to surveys.

The issue of executive compensation is coming to a head as Delphi Corp., the bankrupt maker of auto parts, has asked the court to approve bonuses and financial incentives designed to keep top officers and managers from bolting to other jobs.

The United Auto Workers union, which represents most of Delphi's 33,000 hourly workers in the U.S., has filed an objection to the bonuses, calling them unfair and ``obscene.''


Article continues

http://quote.bloomberg.com/apps/news?pid=1...id=avda4kNEMRoY

[razoredge]

Let them bolt, it will hurt no one but the companies they bolt too. Im sure there is a line of great thinkers that can take care of this and many other problems around town that are not yet members of this elite unspoken Union holding the citizens of this country at bay with imported dogs.

[Ghost Dog]

Of Course Bloomberg would take that stance. It is the very group the publication panders to.

[Drew Dowdell]

See if Toyota is hiring... maybe they can "manage" there....

[razoredge]

See if Toyota is hiring... maybe they can "manage" there....

[post="52983"]<{POST_SNAPBACK}>[/post]

yea now theres something for them to think about. Theres alot of money at Toyota, imagine getting your hands on that, running that to bankrupcy and then the law firms and accounting firms can get in on that action too.

Oh boy the mother load !

Yes go to Toyota, go to Toyota, set that hook and just start reelin".