Toys R Us Defends Updated $21M Exec Bonus Proposals

Law360, New York (December 4, 2017, 11:38 PM EST) -- Toys R Us Inc. urged a Virginia bankruptcy court on Monday to support a bonus plan that could reward top executives with up to $21 million if certain earnings targets are met, saying the federal bankruptcy watchdog is the only objector now that creditors have all agreed to support the plan.

The official committee of unsecured creditors had originally objected to the so-called senior executive incentive plan, which would have rewarded a handful of the bankrupt toy makers’ top brass with up to $32 million if...
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