Jim McElhatton,The Washington Times
Now seems an unlikely time for handing out bonuses at bankrupt Solyndra LLC,but that’s the plan of company attorneys intending to dole out up to a half-million dollars to persuade key employees to stay put.
Nearly two dozen Solyndra employees could receive bonuses ranging from $10,000 to $50,000 each under a proposal filed by Solyndra’s attorneys in U.S. Bankruptcy Court in Delaware.
The attorneys say the extra money will add motivation at a time when workers at the solar company have little job security and more responsibilities because so many of their colleagues have been fired.
The names of the bonus-eligible employees are not disclosed in the court filings that outline the bonus proposal. None of the employees is among the so-called corporate “insiders” — top officers or members of the board of directors,records show.
The proposed bonus recipients include nine equipment engineers,six general business and finance employees and up to two information technology workers.
The biggest bonus,for $50,000,would go to a Solyndra employee whose job title is listed as a senior director with a base salary of $206,499 per year. Two senior managers stand to receive bonuses of $30,000 and $32,500.
Bankruptcy attorneys said the so-called “key employee incentive plan” aims to keep important personnel from leaving the company….
That's like burning money,no good comes from this,close the plant down and just write off the billion dollars that Barack and his cronies threw away and lets move on. Of course lots of these monies ends up coming back to Obama and his buddies to spread around from Unions and other ways( just taking it) who's monitoring the FED? NO ONE!!. They probably had a card game at the White House when Mr Big from Solyndra came over all of those times before going bankrupt,and gave the monies to Barack for his campaign!! Whose monitoring the FED??? They can give money to anyone,and who knows who gets it!!