The judge overseeing the Borders bankruptcy case will convene a hearing this afternoon focused on the company’s motion to implement a bonus retention plan for its executives. (The judge will also rule on a motion to reject a few more leases.) In a reply to objections to the bonuses by the US bankruptcy trustee, the company underscores the real problem: dozens of its executives either don’t have faith in their plan or simply don’t want to work there. Since they asked for the bonuses on March 24, two of the top 17 executives (an unamed svp and vp) have quit, […]
