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Craig Barbarosh Comments on Companies in Bankruptcy Paying Bonuses to Top Employees

Firm News | December 19, 2018

Insolvency and Restructuring partner Craig Barbarosh was quoted in a Chicago Tribune article on the US Bankruptcy Court's recent approval of Sears' request to pay $25.3 million to top executives and employees as incentive to stay with the company as it undergoes the restructuring process through Chapter 11. According to Craig, retention bonuses at companies in bankruptcy proceedings are getting more scrutiny than in years past to insure that bonuses are not being paid to reward executives for just doing their jobs at the expense of unsecured creditors. Craig added that retention bonuses have "become fairly typical" as long as a company can demonstrate a good reason for paying the incentives. ("Sears Gets Bankruptcy Court Approval for Up to $25.3 Million in Bonuses to Top Employees," December 14, 2018)

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