Bankrupt Toys “R” Us wants to pay $16M in executive bonuses

Sears Canada had a similar approach... millions to a bunch of sr. execs and complete default on pensions to the workers. &quot;We need this to save the company&quot; was their cry. We need those sr. executives to get us out of this situation that they&#x27;ve been in charge of for years.<p>Oh, Sears Canada is now out of business and the workers got nothing... but don&#x27;t worry the executives that the company was so worried about received their bonuses.

This is incredibly common to see in a company on the long tail of failure. Attracting and retaining executives in such a company is difficult, but you&#x27;ll often see board members and significant investors take executive positions in the company and extract and sell off whatever wealth the company has left -- for their own gain.<p>You can see companies like Support.com doing this now, for example.

If your business is failing what else are you going to do? The company is asking executives on a sinking skip to not jump and even trying to get some people to jump on. We&#x27;re talking hiring from a population who would be risking their future careers if TRS goes under and could find much lower risk well paying work somewhere else. Paying a premium is expected.<p>Don&#x27;t fall for the clickbait on this one -- the company&#x27;s revenue is 12.4 billion, don&#x27;t act like this is a bunch of evil executives drinking the company dry. The pay is tied to the company&#x27;s performance and if their team manages to hit those goals it will be 16M well spent compared to going out of business.

Go use any gift cards you&#x27;ve got while you have the chance.

Will anyone think of the executives?

what a strange world where you can bankrupt your business, yet receive millions of bonus dollars anyway.

I understand that it&#x27;s hard to read these headlines, but if Toys &#x27;R&#x27; Us wants to retain key qualified executives during these delicate times, they must do that and even greater bonuses than a company where an executive also has equity as an incentive.

16 mil to 17 exec&#x27;s... for a failure... something is wrong in this world.<p>&quot;Among the 17 executives who would get payments is chairman and CEO David Brandon, who joined the company in 2015.&quot;