Thursday, January 12, 2012

Solyndra seeks to give up to half a million in bonuses to reward employees

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1/11/12, "Bankrupt Solyndra seeking to pay bonuses," Washington Times, Jim McElhatton

"Court’s OK sought for ‘incentive plan’"

"Now seems an unlikely time for handing out bonuses at bankrupt Solyndra LLC, but that’s the plan of company attorneys intending to dole out up to a half-million dollars to persuade key employees to stay put.

Nearly two dozen Solyndra employees could receive bonuses ranging from $10,000 to $50,000 each under a proposal filed by Solyndra’s attorneys in U.S. Bankruptcy Court in Delaware.

The attorneys say the extra money will add motivation at a time when workers at the solar company have little job security and more responsibilities because so many of their colleagues have been fired."...


via RedState twitter column

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