Dozens of Bankrupt Firms Paid Top Execs Huge Bonuses Before Layoffs: Report
JCPenney, Hertz and Neiman Marcus paid top executives large bonuses before seeking bankruptcy protection.
executive pay
Hertz is the Latest to Give Execs Millions While Firing Workers and Going Bankrupt
Some CEOs and executives have shown a modicum of solidarity by reducing their own paychecks, but in many cases, execs have actually cashed in on the wreckage.
2009: Bad Year for Media Biz (But Not Media Executives)
Even as media budgets dried up in 2009, some executive pay packages soared. CBS C.E.O. Leslie Moonves’ pay ($43 million)
