Bankrupt Sears to pay $25.3 million in bonuses to executives

https://www.ajc.com/news/national/bankrupt-sears-pay-million-bonuses-executives/ynm2Dcmd08rbztrBDB8DPP/

A federal judge has signed off on the company’s request to pay bonuses to some of its high-ranking employees, the Chicago Tribune reported.
Sears Holdings filed for Chapter 11 banruptcy protection in October after reportedly losing nearly $1.9 billion this year.
Sears plans to pay $8.4 million to 19 executives if the company is able to reach certain fiscal goals in the first six months of 2019. The retailer could also pay $16.9 million to another group of 315 top employees, the Tribune reported.