Toys R Us' $90M Worker Incentive Plan Gets Judge's OK

Law360, New York (December 6, 2017, 9:09 PM EST) -- Bankrupt Toys R Us on Tuesday was given the green light to spend $90 million on an incentive package to motivate employees during the critical holiday season after a Virginia bankruptcy court overruled the federal bankruptcy watchdog's concerns that the "princely compensation ... defies logic and wisdom."

U.S. Bankruptcy Judge Keith L. Phillips approved the two incentive programs that make up the package over the U.S. trustee's objections. One incentive program will reward a handful of top executives with $21 million if certain targets are met, while...
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Case Title

Toys "R" Us, Inc.


Case Number

3:17-bk-34665

Court

Virginia Eastern

Nature of Suit

Date Filed

September 19, 2017

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