Since bonuses are generally reserved for good — or at least adequate — performance, it may seem a bit peculiar that Aeropostale is so adamant about paying the executive team their bonus, given that said executive team was at the helm when the firm declared bankruptcy.
But that is exactly what Aeropostale is asking to do. They just need their bankruptcy judge to sign off on it.
All in, the retailer is asking federal judges in bankruptcy court to let them pay out $3.41 million in bonuses to 10 top executives, according to court papers detailed by Marketwatch.