More DUHMing down of America...of worshiping dolluh bills being pulled on puppet strings...heya some mo' mo'mo' duhmmies...jump...duhmies jump!!<quoted text>
The CEO Bankruptcy Bonus
Firms Sidestep Rule Limiting Rewards for Executives
.....in the past few years, some corporations have found perfectly legal ways to escape federal strictures on bonus pay during bankruptcy cases.
Companies now craft "incentive" plans—rewards that put their compensation programs outside the 2005 law's purview. These plans pay executives if they hit certain performance targets, including exiting bankruptcy protection quickly.
The Justice Department often objects to these plans, as do labor unions angered by the juxtaposition of bonuses for executives with cuts to rank-and-file jobs and benefits.
(stoopid gweedy people!!)