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Delphi Board
DENVER...
"These auto execs are just recycled until they are put out to pasture"...
And if their "reccyling" involves a company change they stick yet another "Golden Parachute" in their pocket each time.
Example: GE to Home Depot to Chrysler each time pocketing a fresh multi-million dollar Golden Parachute......
Delphi Board
Just read the article about Delphi's new board. Let's see. Rattner and his band said GM was the worst run company they could imagine but lo and behold Gary Cowger (GM exec and VP) is appointed to the board of Delphi. His duties at GM are done Dec 1 (fired?) so he gets a gig on the Delphi board. These auto execs are just recycled until they are put out to pasture. No exec connected to GM should be given a board seat on any company in these United States given the condition their company was in when it went under. Same old same old. Same management, same union = future failure.
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