Facing the daunting task of seeking extreme pay cuts from hourly employees, Delphi Corp. CEO Robert “Steve” Miller says he will forfeit his $1.5 million annual salary as of Jan. 1. Miller joined Delphi as chairman and CEO in June and made good on his promise to seek Chapter 11 bankruptcy protection if the No.1 U.S. supplier could not achieve labor concessions from the United Auto Workers union or if top customer General Motors Corp. did not offer financial assistance. The bankruptcy ...

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