No "Golden Parachutes" From Tweeter: Ex-Employee

Law360, New York (July 25, 2007, 12:00 AM EDT) -- Tweeter Home Entertainment Group Inc. decided to hold off on making any decisions on executives' bonuses Wednesday, just days after a former employee told the judge in its Chapter 11 case that the electronics retailer had reneged on its promises of severance for employees.

Tweeter canceled the hearing that had been set for Thursday and rescheduled it for Sep. 5. That hearing will consider the motion the company made last month for authority to implement a “Management Incentive Program” under which senior management would share in...
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