Post by libby on Jan 24, 2016 0:45:46 GMT -6
Judge rules Alpha Natural Resources can pay bonuses to senior managers during bankruptcy
Alpha Natural Resources can pay potential bonuses of up to $11.9 million to senior managers during its bankruptcy, a judge has ruled.
A spokesman for the United Mine Workers of America said on Friday that the union is considering whether to appeal the ruling.
UMWA President Cecil E. Roberts blasted the bonus proposal in a statement, calling it greed.
“I am constantly amazed that our nation’s laws allow the very people who drove a company into bankruptcy to get thousands, if not millions, of dollars in bonuses as part of the bankruptcy process,” Roberts.
Read more here: www.kentucky.com/news/state/article56256005.html
Alpha Natural Resources can pay potential bonuses of up to $11.9 million to senior managers during its bankruptcy, a judge has ruled.
A spokesman for the United Mine Workers of America said on Friday that the union is considering whether to appeal the ruling.
UMWA President Cecil E. Roberts blasted the bonus proposal in a statement, calling it greed.
“I am constantly amazed that our nation’s laws allow the very people who drove a company into bankruptcy to get thousands, if not millions, of dollars in bonuses as part of the bankruptcy process,” Roberts.
Read more here: www.kentucky.com/news/state/article56256005.html