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lendaddy lendaddy is offline
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Join Date: Jul 2001
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Re: Delphi: It's good to be the king

Quote:
Originally posted by widebody911
http://today.reuters.com/investing/FinanceArticle.aspx?type=bondsNews&storyID=2005-10-10T182753Z_01_N10393922_RTRIDST_0_AUTOS-DELPHI-BONUS.XML

[i] 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.

[i]
If these guys got $0 they could have given each employee $750 for the year.



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Old 10-11-2005, 10:12 AM
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