Wow, the directors and management raped the shit out of the funds left. These guys should be in jail for the fraud they have perped 5 days before declaring BK.
It's always amazing that the corrupted BK courts allow this kind of pilferage by management and BODs. THEY SHOULD BE LEFT PENNILESS AS THEIR ACTIONS ARE WHAT KILLED THE COMPANY.
Donna N. Colaco, President $920,000
William H. Savage, Executive Vice President and Chief Global Supply Chain Officer $625,000
Mark R. Haley, Executive Vice President, Store Sales and Operations $712,500
each non-employee director will receive an annual cash retainer
of $185,000, except that certain non-employee directors who are determined by the Board to be “disinterested directors” for purposes of the Plan will
receive an annual cash retainer of $300,000. “Disinterested directors” will also receive an additional fee of $7,000 per day for providing certain special
services. Non-employee directors who serve on the Restructuring Committee and are not “disinterested directors” will receive an additional annual cash
retainer of $25,000 to compensate them for their service on the Restructuring Committee. The Plan, as amended, does not have an equity compensation
Of course no equity compensation as they have killed the company so they want cash money, allowed by the BK judge.
You bought what?Really?
AI
