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Not surprisingly, the United Auto Workers have taken issue with a bonus plan proposed for Delphi's executive management, saying that if the bonuses were to pass, it would ruffle some feathers as the two parties proceed with negotiations. The plan, which Delphi successfully petitioned the judge for in the first half of 2006, is in place to keep compensation at a level necessary to retain the best talent at the executive level, the company says. UAW workers don't agree, and as such, have filed objections with the court.

[Source: Reuters via Automotive News]

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    • 1 Second Ago
      • 9 Years Ago
      "a bonus plan proposed for Delphi's executive management"
      Do you think they really need it, its executive and upper management at Delphis, i mean for heavens sake, they are already making like 250k a year, you think they need a bonus? Give a bonus to the hard working-plant-workers...
      • 9 Years Ago
      JOS, If you have a cogent argument make it. If you have any experience in the corporate world, please share how this is different than any one of dozens of companies that have failed in the last 20-30 years due to the same inherent structural deficiencies.

      Otherwise, you're just another dreamer stuck believing in a business model mindset that was *never* viable. These are companies simply being adjusted by capitalism -just the way they should.

      Lemme guess, perhaps you also believe that somehow we can keep the prescription drug plan, the rest of Medicare, SocSec, piss away a TRILLION dollars on Iraq, cut taxes, and increase benefits too, right?

      We'll just print more money...

      The only real shame is that they have been able to borrow this long, so as to maintain this illusion that somehow this could continue to work. Thus, when they finally succumb to their own chronic mismanagement, greed, and poor productivity the American taxpayer will once again end up holding the bag.

      • 9 Years Ago
      It never ceases to amaze me how companies in bankruptcy think that bonuses are needed to retain the same "talent," i.e. people, who put the company in bankruptcy in the first place. Meanwhile, the hourly people and the stockholders take a screwing.
      • 9 Years Ago
      Delphi Talent=Bankruptcy. We've already seen the results. Want the UAW out? Then get rid of the "talent" that caused this. A new broom sweeps clean, then you start over.
      • 9 Years Ago
      Who in their right freaking would hire any exec. that works for Delphi? Come on , these are the same jokers that brought it to bankrupcy. The average joe sure didn't.
      • 9 Years Ago
      Better give them that bonus. Sure hate to lose all those great execs that ran the commpany into the ground. Any dumbass could to the job as well as they did.
      • 9 Years Ago
      gbh, you're an idiot.
      • 9 Years Ago
      Hmm, well if the industry average is alot higher, then why would they stay at Delphi. Were as if the vaste amounts of unskilled laborers are making $15 an hour and not happy with it and quit... some other unskilled laborer will gladley take his place.
      • 9 Years Ago
      gbh, corporate execs protect their own until they are ready to leave. But in the climate the Delphi currently exists in they are asking to 'repeat' the projected image of trying to get a company they already ran into the ground. While lightning may strike twice, how many times does the same 747 crash and burn into a mountain?

      Corporate execs are like modern politicians: they are in it for the money and nothing else.