Bankrupt Sears wants to give executives $19 million in bonuses
New York (CNN Business)Sears is seeking court approval to pay executives as much as $19 million in quarterly bonuses while the company struggles to restructure in bankruptcy. Three top executives could get nearly $1 million each if the company goes out of business. If Sears remains in business, they could get nearly $500,000 each for hitting the top performance targets. Sears gets a little more time to stay in business Sears filed two different types of bonus plans in bankruptcy court Thursday. The first is for the top 18 “key” executives, who…
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