RS Legacy Corp. (fka RSHCQ)

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Bankrupt RadioShack Wants to Reward Execs With Bonus Pay
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By Alyce Lomax | More Articles
February 16, 2015 | Comments (14)

For most Americans, the "failure" concept is scary precisely because it means taking a financial hit. For a few others, though, there tends to be a little more victory -- or at least a lot less agony -- in defeat. Even in the midst of what most of us would call epic failure, the top tiers of corporate managements often get paid handsomely despite failure.

Take RadioShack's (NYSE: RSHCQ ) bankruptcy for example. Despite being broke, the retailer is now angling to pay out several million to a handful of employees.

Just a little set aside
RadioShack, which finally filed for Chapter 11 bankruptcy protection recently, has asked the bankruptcy court to allow it to allot $3 million for retention bonuses to give eight executives and 30 other employees financial incentive to stay on board.

I like how they are retaining key personnel.