re: #248 NJDhockeyfan

If the bonus money was due them due to contractual obligations, then that takes precedence - and we’re talking about the court approving the bonuses in this case. You do want the courts and government to uphold contracts, don’t you? Voiding contracts just because you don’t like them would have societal impacts beyond this case.

Most of the bonuses awarded were between $15,000 and $25,000, with the three top beneficiaries receiving $30,000, while the three lowest received $10,000 each.

The Energy Department finalized a loan guarantee of $535 million to Solyndra on Sept. 3, 2009, funded through the American Recovery and Reinvestment Act – better known as the $787 billion stimulus.

On Aug. 31, 2011, Solyndra filed for Chapter 11 bankruptcy. Chapter 11 allows a debtor company to restructure and work out agreements with creditors without being liquidated.

Court documents referred to the bonuses as a “Key Employee Incentive Plan.” The ruling determined the payouts to be “in the best interests of the Debtors, their creditors and all other parties in interest.”

A separate question could be whether a trustee should have been appointed to oversee the restructuring (and who could then go ahead and cut/eliminate the bonuses as part of the restructuring) - we aren’t talking the liquidation of the company in any event.