- When the Congress Says “PIP Your KERP”🔍
- Executives' pre|bankruptcy bonuses stir outrage🔍
- Pre|Petition Retention Awards🔍
- The United States Trustee Program Enforces BAPCPA's Limitations ...🔍
- With diminishing pushback🔍
- Top execs received $165M before bankruptcy filings last year🔍
- Bonuses before bankruptcy🔍
- Fighting a Management Bonus Plan🔍
The increasing use of pre|bankruptcy executive retention bonuses
When the Congress Says “PIP Your KERP”: Performance Incentive ...
Even though retention bonuses, performance incentives, and executive compensation in bankruptcy are related concepts they are different in nature and scope.
Executives' pre-bankruptcy bonuses stir outrage, little action in ...
In a Sept. 30 report, the GAO found that of some 7,300 companies that declared bankruptcy in 2020, 42 granted executive bonuses shortly before ...
Pre-Petition Retention Awards: Important Tools or Excuses for ...
Accounting for each of these ensures a higher degree of success at retaining executives and ensuring creditors, the UST, and other constituents ...
The United States Trustee Program Enforces BAPCPA's Limitations ...
with these important new rules restricting retention payments and executive compensation in bankruptcy cases. Regardless of one's opinion on the wisdom of ...
With diminishing pushback, executive bonuses in bankruptcy veer ...
But their complaints didn't persuade the judge overseeing the case, who ruled that the 12 executives could collect about $30 million in ...
Top execs received $165M before bankruptcy filings last year: GAO
Some attorneys told the GAO that debtors use pre-bankruptcy bonuses as a workaround because awarding executive retention bonuses during ...
Bonuses before bankruptcy: Companies doled out millions to ...
Since the pandemic took hold in March, at least 18 large companies have rewarded executives with six- and seven-figure payouts before asking ...
Fighting a Management Bonus Plan - Cohen, Weiss and Simon LLP
Why reward those executives under whose watch the company went bankrupt? To the company's rank-and-file employees, who may face wage and benefit ...
Management Compensation and Incentive Programs after ...
Not infrequently, KERPs were negotiated and proposed on the eve of the filing of a bankruptcy or promptly after the bankruptcy commenced. The ...
In Bankruptcies Triggered by COVID, Retention is Key for Executive ...
Retention and incentive programs for employees are also used during the bankruptcy process. The use of employee programs depends on the ...
Bonuses before bankruptcy: Companies doled out millions to ...
Since the pandemic took hold in March, at least 18 large companies have rewarded executives with six- and seven-figure payouts before asking ...
Executive Bonuses Paid Before Bankruptcy Should Be Curbed, GAO ...
The Government Accountability Office said companies near bankruptcy paid $165 million in retention bonuses in the 2020 fiscal year outside ...
On eve of bankruptcy, U.S. firms shower execs with bonuses - Reuters
The 2005 legislation required executives and other corporate insiders to have a competing job offer in hand before receiving retention bonuses ...
KERP or KEIP: Fireworks Continue on Keeping Key Employees at ...
In addition to offering bonuses of 30 to 70 percent of employees' base salary, approximately half of the plans offered further incentives tied ...
KEIPing Key Employees Motivated in Bankruptcy and Beyond
As the key executives' long-term incentive awards often are deemed to be worthless as a result of the bankruptcy, it is generally accepted to ...
Executive Compensation in Bankruptcy | Practical Law - Westlaw
A Practice Note discussing the issues companies operating in Chapter 11 need to consider when designing and proposing executive compensation programs for their ...
Bankruptcy Impact on Employee Benefit Plans - Bloomberg Law
The laws applicable to employee benefit plans in bankruptcy are complex, and their application to any particular debtor is very fact-specific. Qualified ...
Chapter 11 Treatment of Executive Compensation and Bonuses
Such payments may be subject to clawbacks under Bankruptcy Code Section 548. Corporate debtors may arrange a deal with their creditors behind ...
Companies doled out millions to executives before filing for Chapter ...
Since the pandemic took hold in March, at least 18 large companies have rewarded executives with six- and seven-figure payouts before asking ...
$5.2 million in "Retention" bonuses going to 4 executives. : r/BigLots
Whomever bails has to pay the retention bonus back, that's the law. They could file 7 or 11. They're going to have to do something. They're in ...