Bankruptcy judge denies bonuses for Sports Authority executives
The judge presiding over Sports Authority's bankruptcy is denying bonuses to four executives.
According to The Wall Street Journal, U.S. Bankruptcy Judge Mary Walrath on Tuesday prevented the executives from collecting a combined $2.85 million in bonuses. Sports Authority claimed that the bonuses were incentives for making sure employees and shoplifters didn’t get away with liquidation merchandise.
Walrath rejected the bonuses, claiming that they wouldn’t be fair to the thousands of Sports Authority employees who lost their jobs and got no similar perks.