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Originally Posted by ba1025
Delphi did go under. Isn't that what bankruptcy is? You really don't seem to be able to explain away the bonuses they set up for themselves. Let me. It was greed. As to economics and executive compensation.it wasn't labor greed. it was management greed. What would you think management is different than labor? of course they wanted every nickel they could. it would appear teh courts also disagreed with the plan and the only question now is if delphi managed to back end sweet heart deals to get around a court decision. Watch for that in the next year or two.
We both know what a travesty executive compensation committees are right? i don't need to explain how corrupt that process has become or the mechanism of the corruption do I? You already know who is on those committees right?
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Are you going to answer the questions or not? There are three players here: workers, management/execs, and shareholders. We cannot just think of this as a workers vs. management/execs fight, as we leave out the third party.
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Let's think about one of the most basic concepts in economics. If Delphi went under, what would the compensation of union workers be at their next job they got? What about the executives? What did the shareholders board say?
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