Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11 (Washington Post)

Washington Post: Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11. “The coronavirus recession tipped dozens of troubled companies into bankruptcy, setting off a rush of store closures, furloughs and layoffs. But several major brands, including Hertz Global, J.C. Penney and Neiman Marcus, doled out millions in executive bonuses just before filing for Chapter 11 protection, according to a Washington Post analysis of regulatory filings and court documents.”

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