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Too big to fail
Join Date: Jan 2002
Location: Carmichael, CA
Posts: 33,894
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Delphi: It's good to be the king
http://today.reuters.com/investing/FinanceArticle.aspx?type=bondsNews&storyID=2005-10-10T182753Z_01_N10393922_RTRIDST_0_AUTOS-DELPHI-BONUS.XML
Under its proposed key employee compensation program, 486 U.S. executives would receive cash bonuses of 30 percent to 250 percent of their salary, totaling $87.9 million, upon Delphi's exit from bankruptcy or sale of the company.
For example, President Rodney O'Neal would get a total cash bonus of $2.75 million, based on a $1.15 million average salary. Some 464 executives could earn bonuses ranging from $50,000 to $475,000, based on salaries of $120,000 to $450,000.
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"You go to the track with the Porsche you have, not the Porsche you wish you had."
'03 E46 M3
'57 356A
Various VWs
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10-11-2005, 09:53 AM
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