US Bankruptcy Judge Martin Glenn wants further revisions in Borders proposed executive bonus plan, even though the creditors committee supported a revised proposal that would reward the top five executives based on how much money they recover for creditors and dependent on whether the company either reorganizes or is sold by August 15. The new version of the plan would give those five employees up to $4.9 million if the unsecured creditors receive more than $95 million, and up to $1.8 million if the the recovery is $73 million or more. More interesting than the maneuverings is what those ranges […]
