Employees at the bankrupt solar firm Solyndra are up in arms after attorneys for the failed company reduced the amount of bonus money remaining workers can receive by more than $100,000, the Washington Times reports:
Solyndra attorneys say they need the bonuses to keep current employees from leaving for other jobs. Otherwise, they say the company would have to pay out even more money for expensive consultants. The company has fewer than 100 employees, down from 1,100 before it went bankrupt.
The maximum to be paid out under the bonus plan is now $368,500, down from $500,000 in the incentive payments first requested. The proposed bonuses have drawn sharp criticism from several Republican members of Congress.