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Bankruptcy consultants near $1,000/hour June 5th, 2009 by DaveAdmin
While most criticism of domestic automakers in bankruptcy has focused on autoworkers continuing to receive compensation above minimum wage and continuing to have a pension (though probably reduced), Detroit News has published an article detailing the costs of the bankruptcy consultants, many of whom earn nearly $1,000 per hour. In the Delphi case, lawyers received similar compensation. Share
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Tags: Auto industry, Bankruptcy, GM .
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