We are interested in finite-escape open-loop unstable plants that are globally stabilizable in the absence of actuator delay but require controller redesign in the presence of delay. The simplest such plant is (Z)over dot (t) = Z(t)(2) + U(t - D), where D is actuator delay of arbitrary length. For this system we present a control law that compensates the delay and achieves feedback linearization (of the entire ODE+delay infinite-dimensional cascade). However, even though exponential stability is achieved, the result is not global because the plant can have a finite escape with an initial condition Z(0) >= 1/D before the feedback control "reaches" it at t = D. We prove a stability result whose region of attraction is essentially Z(0) < 1/D and for which we derive an asymptotic stability bound in terms of the system norm Z (t)(2) + integral(t)(t-d) U(theta)(2) d theta.