Here, you are urged and encouraged to run your mouths about something important.

Thursday, January 12, 2012

Solyndra is Seeking to Pay Bonuses (yes, you read that right)

Forget the fact that Solyndra squandered more than $500 million of taxpayer dollars; forget the fact that it restructured the loan and placed those taxpayers at the back of the bus when new investors showed up, in an attempt to keep the company afloat. The attorneys for the now bankrupt, taxpayer subsidized train wreck of a company, wants to incentivize remaining employees with bonuses.

Via Washington Times:
Now seems an unlikely time for handing out bonuses at bankrupt Solyndra LLC, but that’s the plan of company attorneys intending to dole out up to a half-million dollars to persuade key employees to stay put.

Nearly two dozen Solyndra employees could receive bonuses ranging from $10,000 to $50,000 each under a proposal filed by Solyndra’s attorneys in U.S. Bankruptcy Court in Delaware.

The attorneys say the extra money will add motivation at a time when workers at the solar company have little job security and more responsibilities because so many of their colleagues have been fired.

The names of the bonus-eligible employees are not disclosed in the court filings that outline the bonus proposal. None of the employees is among the so-called corporate “insiders” — top officers or members of the board of directors, records show.

The proposed bonus recipients include nine equipment engineers, six general business and finance employees and up to two information technology workers.

The biggest bonus, for $50,000, would go to a Solyndra employee whose job title is listed as a senior director with a base salary of $206,499 per year. Two senior managers stand to receive bonuses of $30,000 and $32,500.

Bankruptcy attorneys said the so-called “key employee incentive plan” aims to keep important personnel from leaving the company.
This is what we call 'unmitigated gall,' boys and girls.

h/t Fox Nation

No comments:

Accuracy in Media
American Spectator
American Thinker
Big Government
Big Journalism
Doug Ross
Flopping Aces
Fox Nation
Fox News
Free Republic
The Hill
Hope for America
Hot Air
Hot Air Pundit
Jawa Report
Jihad Watch
Michelle Malkin
Naked Emperor News
National Review
New Zeal Blog
News Real
Pajamas Media
Red State
Right Wing News
Say Anything
Stop Islamization of America
Verum Serum
Wall Street Journal
Washington Times
Watts Up With That
Web Today
Weekly Standard
World Net Daily

Blog Archive