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Delphi Corp., the $28.6 billion auto parts maker based in Troy, Mich., which recently filed for bankruptcy, named Robert Dellinger CFO and executive vice president. He succeeds John Sheehan, Delphi’s acting CFO since March, when CFO Alan Dawes left the company amid an investigation of accounting irregularities. Sheehan was named chief restructuring officer and remains the company’s chief accounting officer. Dellinger, 45, was CFO and executive vice president of Sprint Corp. until its merger with Nextel Communications Inc. in August. Before joining Sprint in 2002, he worked for 19 years at General Electric Co., where his last position was CEO and president of GE Frankona Re.
The average annual healthcare spending for individuals with employer-sponsored plans reached an all-time high of $5,641 in 2017.
The bank believes JPM Coin “can yield significant benefits by reducing clients’ counterparty and settlement risk, decreasing capital requirements, and enabling instant value transfer.”
Designed to support cross-border payments, JPM Coin will be a direct competitor to Ripple's XRP, but with a stable value pegged to the U.S. dollar.
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