# Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11

- Link: https://www.widthness.com/bonuses-before-bankruptcy-companies-doled-out-millions-to-executives-before-filing-for-chapter-11/
- Published: 2020-10-30T09:30:41-05:00
- Author: Curated by Theresa Wysocki

Photo caption: Five days before seeking Chapter 11 protection, J.C. Penney awarded $7.5 million in bonuses to its top four executives […] (Charles Krupa / AP). Article by Abha Bhattarai and Daniela Santamariña.  Major brands like Hertz and J.C. Penney issued six- and seven-figure payouts before asking bankruptcy courts to shield them from creditors during restructuring — often before erasing thousands of jobs — court and regulatory documents show The coronavirus recession tipped dozens of troubled companies into bankruptcy, […] Click here to view original web page at www.washingtonpost.com Curated by Theresa Wysocki See Full Bio