There’s a certain logic to that. Especially in a firm that has bribed bought out many union members to retire early.

But the upper management ranks should be the ones held accountable. IF this money was more widely spread over all managers (some of whom haven’t got raises in a while), there may be justification. But $400K over 500 people seems way too pricey.

One possible solution to this: Ease corporate takeovers.

The government figured out how to get themselves in the group of executives and investors, but they have guns and are allowed to use them to get their way.

Actual employees should be first to be defended, followed by suppliers. Now the real pickle are the officers of the company. In our present system it seems that the stock holders are not really running the company, and I have to agree that the first ones burned should really be the officers.

Would someone here please explain how the stockholders suddenly lose their rights to fire all the management? It would seem to me that the stockholders would ALWAYS choose to liquidate the company if there were any chance at all of getting money back for their investment. Even if there was not, it would seem they would somehow set themselves up to get preferential treatment to buy back into the new company.

I am really at a loss as to how the officers can ignore their fiduciary obligations to everyone other than themselves.

Everyone has liberty to be a moron.

And that’s never gonna happen. Maybe TTAC should start an Executive Compensation Watch, just to make the plebeians feel better.

But ~500 managers are going to carve up ~$200 mil?!? That’s $400K each!?!

If I were a Ford or GM manager looking at this, I’d have to think, “We need to git this judge when we file.”

But I expect, like most other pensions in the US, that the taxpayers are going to end up picking up the pension. Just like United Airlines did.

So that liability really isn’t one since the PGBC is waiting on the sidelines to catch it, and screw the taxpayers one more time, when it does fail. I doubt the executives at Delphi spend one second worrying about it.

This is disgusting on a level I’ve never seen before. I can’t believe it.

That is what I thought, I was hoping someone would have a better answer. Any wayt the employees could take back the company from the incompitant management, sort of like Harley did.
I know it’s wishful thinking, but I was hoping it could be fixed without hurting the hardworking employees who really do all the work and make the comapny function.
It’s sad the people who really need to be drug through the coals never will and the undeserving will be hurt the most including the rest of us Americans.

Unfortunately the only way is for the companies to disappear, but then everyone suffers.