“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx
Jan 7, 2008
Delphi hired R.S. “Steve” Miller in 2005 to take it into bankruptcy, as a ploy to reduce labor costs to nearly nothing.
Mission accomplished, Delphi now wants to award Miller an 8.3 million dollar cash bonus when it soon leaves bankruptcy. And award Miller’s CEO R. O’Neal with 5.3 million as well!
Miller said he would “unlock value.” He meant, he would take whatever the workers would give up, and lock it up in his own pocket!