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Originally Posted by mgescuro
...There is of course the requisite UAW jabs at Delphi for creating packages for the Executive staff. That's par for the course. Delphi needs management in order to pull out of bankruptcy. Sorry Gettelfinger, that's they way the ball bounces.
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After having read "From Good To Great," I'd say I have to disagree. The several American companies that went through said transformation demonstrated that in rough times, Level 5 managers take their lumps with the peons. And when their companies emerged, the average CEO's of these well-run companies actually earned slightly less than their average CEO counterparts. Oh my god, they were actually passionate about their jobs and didn't see it as just another paycheck.
As much as I think the UAW is truly unreasonable in its compensation demands, I don't think giving more cash to the folks at the top at this hour - however miniscule it is in comparison to overall compensation - is appropriate, either. It makes management look really bad, if nothing else.