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Corporate bankruptcy executive bonuses could be regulated to performance

By Hicbd
Tue Aug 4 2020 10:01 am

"In 2005, the perception that wealthy executives were being rewarded for failure led Congress to ban Chapter 11 firms from paying retention bonuses to senior managers. Under the new law, debtors could still pay bonuses to executives-but only "incentive" bonuses triggered by accomplishing challenging performance goals that go beyond merely remaining employed."

URL:
https://repository.uchastings.edu/cgi/viewcontent.cgi?article=2727&context=faculty_scholarship
https://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?article=2505&context=journal_articles
https://www.cashay.com/heres-why-ce-os-get-huge-bonuses-before-their-companies-file-for-bankruptcy-200628475.html

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Categories:
Companies / Corporations HR Compensation Corporate Bankruptcy Business Research Executive Compensation Bankruptcy Courts

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