Obama’s half billion dollar bankrupt solar company wants to give bonuses

January 12, 2012 11:57

Solyndra employees could receive up to $50,000 bonuses for blowing half a billion in taxpayer money with the help of the Obama administration. – Washington Times


By Jim McElhattonThe Washington Times


Nearly two dozen Solyndra employees could receive bonuses ranging from $10,000 to $50,000 each under a proposal filed by Solyndra’s attorneys in U.S. Bankruptcy Court in Delaware.


The biggest bonus, for $50,000, would go to a Solyndra employee whose job title is listed as a senior director with a base salary of $206,499 per year. Two senior managers stand to receive bonuses of $30,000 and $32,500.


Bankruptcy attorneys said the so-called “key employee incentive plan” aims to keep important personnel from leaving the company.


Solyndra went broke just two years after winning a more than $500,000,000 federal loan-guarantee package, and one year after President Obama toured its California headquarters and hailed its prospects.


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