5 years ago
3
Sears gets approval to pay $25.3 million in bonuses to top execs after filing for bankruptcy
A U.S. bankruptcy court on Friday reportedly approved Sears’s request to pay as much as $25.3 million in bonuses to the company’s top executives and high-ranking employees, just months after the company filed for bankruptcy. The company behind Sears, Hoffman Estates, Ill.-based Sears Holdings Corp., argued it needed to give employees such a financial incentive to encourage them to remain with the company as it works to rebuild...
Continue Reading
https://thehill.com
Join the Discussion
Yep,lets just give already wealthy people silly amounts of money.
It's worse because the company has been losing money for years yet despite that they still get a bonus. How about a $7,000 bonus to every worker who were likely left without a job last notice.
Yay capitalism!