January 27, 2012, Mike Spector, the Wall Street Journal. “Of the 21 Chief Executives, seven had either been hired during a bankruptcy case or been with a company less than a year before its Chapter 11 filing. Some of the 21 CEOs, including Lear’s, received bigger bonuses during bankruptcy protection than in previous years. The analysis, peformed with Valeo Partners, a Washington, DC-based Consulting Firm, covers the period from 2007 to June 27, 2012, and examined companies with publicly traded stocks or bonds”t review work by contract attorneys”.
The CEO Bankruptcy Bonus – Firms Sidestep Rule limiting Rewards for Executives
Published On - January 13, 2022