Wednesday, January 23, 2008

Judge orders Delphi to slash executive bonuses by 81%

Judge orders Delphi to slash executive bonuses by 81%: "A judge says he would approve Delphi's bankruptcy exit plan once the auto supplier reduces the total payout of cash bonuses to top executives.

The judge told Delphi to slash executive cash bonuses to a total of $16.5 million from a proposed $ 87.9 million - an 81% reduction."

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