Bankrupt Toys “R” Us wins OK to pay $16 million in executive bonuses

These retailers filed for bankruptcy this year

These retailers filed for bankruptcy this year

Toys “R” Us has won approval to pay $16 million in bonuses to 17 top executives if the company hits financial targets during the holiday shopping season.

The bankruptcy court trustee Judy Robbins, a Justice department attorney who represents the interest of creditors, had argued that the proposed bonuses were excessive and were little more than retention bonuses meant to keep the executives from jumping ship due to uncertainty about the company’s future.

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