« Dr. Murray Propofol Pharmacy Shut Down | Main | Harry & David Files for Bankruptcy With Agreement to Cut Debt »

March 26, 2011

Borders Seeks To Hand Out $8.3 Million In Bonuses

"Book retailer Borders Group Inc., which is shuttering hundreds of stores in a bid to stay alive, is seeking bankruptcy court approval to hand out as much as $8.3 million in executive bonuses, including nearly $1.7 million to President Mike Edwards.

Papers filed with the U.S. Bankruptcy Court in Manhattan outline a proposed bonus program that is keyed to the company either reorganizing under Chapter 11 or selling itself as a going concern."

Read more here. 

March 26, 2011 in Current Affairs | Permalink


TrackBack URL for this entry:

Listed below are links to weblogs that reference Borders Seeks To Hand Out $8.3 Million In Bonuses:


Post a comment