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...
Read more: https://thehill.com/policy/finance/421565-sears-gets-approval-to-pay-253-million-in-bonuses-to-top-execs-after-filing?source=Snapzu