In Re Dana Corp.

Extract of Bench Ruling Denying Motion of Dana Corporation for an Order Authorizing Dana to Enter into Employment Agreements with its President and Chief Executive Officer and Five Key Executives of His Core Management Team

BURTON R. LIFLAND, Bankruptcy Judge.

Before this Court is Debtors’ proposed compensation plan for Michael J. Burns, the President and Chief Executive Officer (“Mr.Burns”), and five executives, Messrs. Miller, Stone, Stanage, DeBaeker and Goettel, (together with Burns, the “Executives”). The plan generated extensive opposition. The parties in interest have attempted to define…