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Archive for Thursday, July 26, 2012

Hawker Beechcraft defends bonus plan for top execs

July 26, 2012

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Hawker Beechcraft is defending its plan to pay more than $5.3 million in bonuses to eight top executives. Company officials call the executives a talented group that has much work left to do before the company can emerge from bankruptcy.

The company told the bankruptcy judge in a document filed Thursday just hours before a hearing that its executives must continue to pursue both the sale of the company to a Chinese firm and a reorganized standalone company.

Their document notes that some of the remaining work includes shutting down the company's business jet operations, which would include closing facilities and cutting the workforce under the standalone proposal.

The Justice Department's bankruptcy watchdog and the machinists union have both filed objections to the bonus plan.

Comments

Steve Miller 2 years, 4 months ago

Typical corporate greed. They deserve NO MORE than their jobs. No extras for ???? oNLY IN AMERICA ....

Shane Garrett 2 years, 4 months ago

Here is more corporate greed:
Take notice word from the Tax Justice Network, or TJN, that worldwide, the super-rich had at least $21 trillion hidden in secret tax havens worldwide at the end of 2010.

The TJN was by created by the British Houses of Parliament to research, analyze and report on how taxation and various types of tax evasion affect economies. It touts its latest report, The Price of Offshore Revisited, as the "most detailed and rigorous study ever made of financial assets held in offshore financial centres and secrecy structures."

And the group says the $21 trillion figure, which is equal to the size of the United States and Japanese economies combined, is conservative. It represents financial wealth only and excludes a welter of real estate, yachts and other nonfinancial assets owned via offshore structures.

When those other noncash assets are added, TJN suspects there may be as much as $32 trillion in hidden worldwide financial assets held offshore by high net worth individuals

Read more: $21 trillion hidden offshore | Bankrate.com http://www.bankrate.com/financing/taxes/21-trillion-hidden-offshore/#ixzz21lJ1Psqb

truman1902 2 years, 4 months ago

What's the matter with KANSAS? High fives in the boardroom..Middle fingers to the associates in the plant. Tax cuts are here though , yeah THOSE jobs will be back ..

truman1902 2 years, 4 months ago

Listen closely ... THAT's the sound of Sen. Moran & Roberts expressing concern for those workers. You're right, I can't hear it either!

Katara 2 years, 4 months ago

So talented that the company is going thru bankruptcy. Definitely those executives are keepers!

Kansass 2 years, 4 months ago

Wow, where can I get a job like that?

I'm sure I can bring a company to it's knees, are they hiring?

What's wrong with business that the little guy gets the shaft and the execs get rewarded for being screw ups.

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