Toys “R” Us who has filed for bankruptcy in September wants to pay top executives over $16 Million in bonuses but they must get permission from the bankruptcy court. The court will have to make a decision, but Toys R Us explained that the bonuses are necessary to keep executives at the top level. More Story: HERE
While the company asked for $16 million, the bonus plan could actually pay out $32 million.
Posted by CNNMoney on Thursday, November 16, 2017
Toys R Us execs racked up $5.2B in debt, lost $166M last quarter. Now in bankruptcy court, they ask for a bonus. https://t.co/nSLtCQXReW
— Christopher Maag (@Chris_Maag) November 16, 2017
