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Trustee objects to FBI insider sale bonuses

2013-10-10 06:15:40| Furniture - Topix.net

The bankruptcy court trustee in Furniture Brands International's Chapter 11 case filed an objection today outlining several reasons why insiders should not be paid bonuses for a bankruptcy sale.

Tags: sale objects insider bonuses

 

Microsoft to pay bonuses to execs who stay, severance to those culled during reorg

2013-09-30 16:22:49| InfoWorld: Top News

Microsoft handed out nearly $60 million in stock grants to eight executives on the same day it filed papers with the U.S. Securities and Exchange Commission (SEC) announcing that the board had authorized special incentives to keep senior management from jumping ship. The awards, which ranged between 47,000 and nearly 600,000 shares, held a paper value of between $1.6 million and $19.9 million as of Friday's closing price.

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Analyst Bugatch questions Furniture Brands International bonuses

2013-09-26 00:13:19| Furniture - Topix.net

Industry analyst Budd Bugatch has filed a personal letter with the court handling bankrupt Furniture Brands International's Chapter 11 case, alleging the company distorted its fourth-quarter sales last year.

Tags: international questions brands furniture

 

FTSE 100 bosses 'see bonuses drop'

2013-09-24 11:43:29| BBC News | Business | UK Edition

Bosses at the UK's biggest companies are seeing bonuses reined in ahead of new rules that require shareholder approval for pay policies, research suggests.

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Furniture Brands wants executives to get bonuses

2013-09-17 18:28:32| Furniture - Topix.net

Furniture Brands International Inc. has asked a federal judge to allow it to pay more than $5 million in bonuses to 55 employees, with up to $3.4 million of that going to to seven top officers, if it successfully sells its assets at auction.

Tags: brands furniture executives bonuses

 

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