Powered by

Bankrupt Sears seeks millions in bonus pay for execs

Nov 20, 2018 - L.A. Biz

Sears Holdings Corp. will request to pay its top executives millions of dollars as the company shutters stores in the midst of bankruptcy proceedings.

The Hoffman Estates, Illinois-based company wants to pay 18 top executives a share of a total of $8.5 million in bonuses during the next two financial quarters, according to The Wall Street Journal, citing recent court filings.

The company also requested to pay 322 non-insider workers bonuses from a $16.9 million pool.

Sears Chai...