Kodak Trustee Objects To $9M Bonuses For Key Managers

Law360, New York (July 30, 2012, 11:19 PM EDT) -- The U.S. bankruptcy trustee for Eastman Kodak Co. on Monday objected to the former photography equipment giant's plan to pay $8.8 million in bonuses to 15 managers, saying the company had failed to provide enough information about the plan.

Trustee Tracy Hope Davis said Kodak, which wants to pay $8.8 million to 15 unnamed "key management employees" for work related to selling the company's assets, had failed to show that the proposed bonus payments comply with the Bankruptcy Code.

"While keeping the company operating as a...
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