Delphi Corp.is the big automotive-related company that filed for bankruptcy this past week. Also this week, General Motors, the company that spun off Delphi in 1999, announced huge third-quarter losses. It's fascinating to me to read about these companies and how they deal with their financial woes. Take Delphi, for example. The Troy, Mich., based company employs 14,700 workers in Michigan.The Delphi plant in Kokomo employs 5,500 and one in Anderson employs 1,000. They are the nation's largest automotive parts supplier.They make everything from brakes to radios. And while the rumors were flying prior to Delphi's bankruptcy filing, the company sweetened the pot for its top executives. Prior to the filing, severance packages for Delphi's white-collar employees were capped at 12 months of pay.But voila, now Delphi's top executives are eligible for up to 18 months of pay and some of their regular bonus.
GARY GERARD, Times-Union Managing Editor- | July 28, 2016