Chemtura Corp (fka CHMT)

[Xenn]

Granted, offering bonus & incentive plans in this type of economic environment does teeter on the edge of ethical misconduct.

However, the point is we gotta forge ahead and not dwell on the past issues. Didn't you read my post properly? I quoted that excessively verbose court document:). They lost key personnel (26 management members) and need to retain new ones.

"many potential recruits have made it very clear that the Debtors’ ability to offer a near-term and long-term competitive incentive package is critical to their decision to accept employment with the Debtors"


The potential recruits won't sign up unless they get a nice incentive plan (this may stick in your craw..sticks in mine a lil bit (considering the poor saps that recently got pick slipped in this dismal economic downturn).

That aside, I would most certainly rather have a motivated key executives (one with a nice incentive plan) at the helm rather than a disgruntled one. Disgruntled employees won't hussle for Chemtura's successful emergence from bk.

A motivated executive bodes well for our bottom line, so by all means bring on the swag:)