Bankruptcy Court Denies $6.5M In Asarco Bonuses
The U.S. Bankruptcy Court for the Southern District of Texas on Wednesday denied a motion to approve bonuses for former board members Edward Caine and H. Malcom Lovett and former CEO Joseph Lapinsky.
On the morning of Dec. 3, Caine and Lovett allegedly voted themselves bonuses of $2 million each. A third board member, Carlos Sacristan, voted against the bonuses and...
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