GM rightly favored Delphi UAW pensions over salaried, Rattner says

Steven Rattner, the former auto czar who led the government bailout of General Motors and Chrysler, says GM was right to boost pensions of hourly retirees at Delphi Corp. while cutting off salaried retirees because it had previously fully funded the salaried retirees' pensions and needed to avoid angering the UAW.