- Joined
- May 22, 2012
- Messages
- 16,875
- Reaction score
- 7,666
- Location
- St. Petersburg
- Gender
- Male
- Political Leaning
- Libertarian
A bankruptcy judge had no sympathy when lawyers for Sports Authority asked that executives get multi-million dollar bonuses and the terms be sealed because they were getting "unpleasant emails" from workers who lost their jobs.
The judge overseeing the retailer's Chapter 11 proceedings rejected the "incentive program" requested by the executives, according to a transcript of a hearing held on Tuesday.
Lawyers for the unnamed executives asked to keep "as much about the incentive plan under seal as possible," because they were receiving "a stream of unpleasant emails from former employees."
Also, the negative publicity could affect the executives' abilities to find new jobs once Sports Authority is officially defunct.
"Quite frankly, I'm not surprised the employees are sending angry emails about it. I think it's just inappropriate to pay senior executives bonuses when all the employees are losing their jobs," the judge said.
Sports Authority executive bonus request rejected by bankruptcy judge - Aug. 3, 2016
The judge overseeing the retailer's Chapter 11 proceedings rejected the "incentive program" requested by the executives, according to a transcript of a hearing held on Tuesday.
Lawyers for the unnamed executives asked to keep "as much about the incentive plan under seal as possible," because they were receiving "a stream of unpleasant emails from former employees."
Also, the negative publicity could affect the executives' abilities to find new jobs once Sports Authority is officially defunct.
"Quite frankly, I'm not surprised the employees are sending angry emails about it. I think it's just inappropriate to pay senior executives bonuses when all the employees are losing their jobs," the judge said.
Sports Authority executive bonus request rejected by bankruptcy judge - Aug. 3, 2016