Penney may be about to file bankruptcy but don't tell that to its executives who are getting a big ... [+] payday. It has laid off or furloughed more than 80,000 of its employees and missed payments on two debt payment deadlines. It awards bonuses totaling nearly $10 million to a group of its senior managers, including $4.5 million to CEO Jill Soltau. That included a $6 million sign-on bonus and almost $10 million in stock. It would seem when you are paid nearly $17 million that should be “motivation” enough to do your job, don’t you think?

Source: Forbes May 13, 2020 17:37 UTC