{"id":110128,"date":"2020-07-18T08:02:19","date_gmt":"2020-07-18T15:02:19","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2020\/07\/on-eve-of-bankruptcy-u-s-firms-shower-execs-with-bonuses"},"modified":"2020-07-18T08:02:19","modified_gmt":"2020-07-18T15:02:19","slug":"on-eve-of-bankruptcy-u-s-firms-shower-execs-with-bonuses","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2020\/07\/on-eve-of-bankruptcy-u-s-firms-shower-execs-with-bonuses","title":{"rendered":"On eve of bankruptcy, U.S. firms shower execs with bonuses"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/on-eve-of-bankruptcy-u-s-firms-shower-execs-with-bonuses2.jpg\"><\/a><\/p>\n<p>(Reuters) \u2014 Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month of filing their cases, according to a Reuters analysis of securities filings and court records.<\/p>\n<p>Under a 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives retention bonuses while in bankruptcy. But the firms seized on a loophole by granting payouts before filing.<\/p>\n<p>Six of the 14 companies that approved bonuses within a month of their filings cited business challenges executives faced during the pandemic in justifying the compensation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2014 Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month of filing their cases, according to a Reuters analysis of securities filings and court records. Under a 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives [\u2026]<\/p>\n","protected":false},"author":534,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,43,1496],"tags":[],"class_list":["post-110128","post","type-post","status-publish","format-standard","hentry","category-biotech-medical","category-business","category-law"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/110128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/534"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=110128"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/110128\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=110128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=110128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=110128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}