U.S. Bankruptcy Judge Robert Drain approved Delphis bankruptcy reorganization plan on the condition that it reduce its proposed $88 million cash bonus pool by more than 80%. The company had planned to dish out $87.9 million in cash bonuses, but that amount must now be reduced to just $16.5 million. That number must also include any cash bonuses that are given to people like Chairman Steve Miller, who was to receive an $8.3 million bonus when the company leaves Chapter 11. The move to reduce the compensation comes after complaints from the UAS and International Brotherhood of Electrical Workers. Either way, this is a great win for those fighting excessive executive compensation.