As Borders winds down business this week, it is contending with final bits of business in federal bankruptcy court. Late last week the company sought permission to pay $125,000 each in severance to former ceo Mike Edwards, former cfo Scott Henry, current evp of store operations (and acting cfo) Jim Frering and head of human resources Rosalind Thompson. Ten other executives already qualify for $125,000 severance payments, according to the filing. Both Edwards and Henry were “voluntarily terminated” on July 29 but Borders said in its motion that the two “continue to work actively on a non-compensated basis to assure […]
