July 20, 2017

ResCap (GMAC) Executive Bonus Plan Rejected by Judge

ResCap executive bonus plan rejected by judge (Reuters) – A federal bankruptcy judge on Tuesday rejected Residential Capital LLC’s proposal to pay as much as $7 million of bonuses to 17 senior executives, saying the payout was primarily a reward for staying in their jobs. U.S. Bankruptcy Judge Martin Glenn said the “key employee incentive … Read more
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