Tuesday, October 11, 2005

Corporatism at its lowest

Delphi proposes bonuses to executives for staying
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.
Meanwhile, the workers who are laid off get squat. What a country we live in.

Aren't the executives the ones who drove the company to bankruptcy in the first place? I mean, mismanagement usually plays a big role in the failure of companies.

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