July 19, 2020, 04.50 PM

In its statement earlier this year, J.C. Penney said the bonuses were among a series of “tough, prudent decisions” taken to safeguard the firm’s future.

Dennis Marten — a shareholder who said he once worked at a J.C. Penney store — disagrees. He has appeared at court hearings pleading for an investigation of the company’s leadership.

“Shame on her for having the gall to get that money,” he said of Soltau. 

(Writer: Mike Spector, Jessica DiNapoli | Editor: Brian Thevenot) 

Source: https://www.reuters.com/article/us-health-coronavirus-bankruptcy-bonuses/on-eve-of-bankruptcy-u-s-firms-shower-execs-with-bonuses-idUSKCN24I1EE

Dapatkan update berita pilihan dan breaking news setiap hari dari Kompas.com. Mari bergabung di Grup Telegram "Kompas.com News Update", caranya klik link https://t.me/kompascomupdate, kemudian join. Anda harus install aplikasi Telegram terlebih dulu di ponsel.

Latest Video

Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

September 20, 2022, 10.22 PM

EU Hopes for Trade Pact with Indonesia within Two Years

September 13, 2022, 07.48 PM

Greater Jakarta LRT to Begin Operation in June 2023

Close Ads