Wednesday, November 29, 2017

"The U.S. trustee in the Toys R Us bankruptcy case has filed a strongly worded objection to the company's plan to pay between $16 million and $32 million to its 17 most highly paid executives"

USAT:

"It defies logic and wisdom," the objection by trustee Judy A. Robbins states, that Toys R Us is proposing "multimillion-dollar bonuses for the senior leadership of a company that began the year with employee layoffs and concludes it in the midst of the holiday season in bankruptcy.

...

Toys R US, in seeking approval of the incentive pay, told the bankruptcy court that motivating its top employees was crucial to the company's successful turnaround.