With the shopping season looming and bankruptcy proceedings underway in federal court, Toys ?R? Us went to its creditors in November with an unorthodox request. To boost holiday sales, the insolvent company asked, let us pay out millions of dollars in bonuses to our top executives.On Tuesday, a bankruptcy judge approved the proposal.Under the plan, Toys ?R? Us will pay 17 executives some $14 million in incentive bonuses, as long as the company hits its target of $550 million in...
12-08-2017, 12:30 AM
Toys “R” Us can pay executives millions in bonuses, bankruptcy judge rules
With the shopping season looming and bankruptcy proceedings underway in federal court, Toys ?R? Us went to its creditors in November with an unorthodox request. To boost holiday sales, the insolvent company asked, let us pay out millions of dollars in bonuses to our top executives.On Tuesday, a bankruptcy judge approved the proposal.Under the plan, Toys ?R? Us will pay 17 executives some $14 million in incentive bonuses, as long as the company hits its target of $550 million in...
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