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Steve Wilson of WXYZ-Detroit found that although Delphi, the giant auto parts company, was facing bankruptcy, scores of top executives and officers were reaping sizeable special bonuses and cash incentives. Delphi admits such benefits are not available to its hourly workers because they claim that while executives are making less than competitive salaries, American workers are already making more than the market should bear. "After making $2 billion in its first two years on its own, Delphi began to hemorrhage red ink, posting loss after loss totaling a whopping $6.3 billion in the last seven quarters reported. The company says it lost more than a billion just last December." The investigation also found that, contrary to Delphi claims that its most-senior American workers earn more than $70 an hour, the truth is even counting all the benefits, it's closer to $50 an hour. Also, the CEO's pledge to work for a dollar a year turned out to be no more than a PR ploy after he collected a $3 million sign-on bonus and nearly a million more in paychecks for just six month's work last year.
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