5:52 pm, Fri July 17, 2020

1.                                                                                                                                                                                                                                                                                                                                                                                                                           

An investigation by Reuters has found that nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic, awarded bonuses to executives within a month of filing their cases.

Reuters says its analysis of securities filings and court records found that six of the 14 companies that approved bonuses within a month of their filings cited business challenges executives faced during the pandemic in justifying the compensation.

Additionally, thirty-two of the 45 companies approved or paid bonuses within six months of filing.