Solyndra executives were awarded quarterly bonuses worth up to $60,000 apiece earlier this year as the California solar-panel company headed for bankruptcy, court documents show.
Documents filed by the company in U.S. bankruptcy court in Delaware show the well-paid executives at the firm were given bonuses in April and in July, just months before the company filed for bankruptcy in September and laid off 1,100 workers.
The details add to the narrative of what was happening behind the scenes in the year leading up to the company's financial collapse, though congressional Republicans investigating the matter are looking for more details. After the Obama administration turned over 20,000 pages of documents earlier this week pertaining to Solyndra, House Republicans on Thursday night served the White House and vice president's office with a subpoena for more Solyndra documents.
Saturday, November 05, 2011
Posted by traderrob at 11:09 AM