Day By Day

Wednesday, January 18, 2012

To follow up

In addition to the news about the Solyndra auction, there was this report from last week:

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.

I guess the failure to attract any bids to take over the company might put a damper on those bonuses.  One can only hope.

Sourced from the Washington Times.

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