Struggling Toys R Us Plans To Pay Executives Millions In Bonuses
The nation's largest toy retailer filed for bankruptcy in September but said it wants to motivate its top brass to turn around sales in the critical holiday shopping season.
A bankruptcy judge has granted struggling retailer Toys R Us permission to pay millions of dollars in bonuses to executives after the company argued it was necessary to motivate its top brass during the critical holiday shopping season.
Judge Keith Phillips ruled the company can dole out $14 million in incentives to its top 17 executives. A caveat: fiscal year earnings.
