WILMINGTON, Del. AP - A Delaware bankruptcy judge on Wednesday rejected a request by auto parts supplier Visteon Corp. to approve bonuses of up to $8.1 million for its 12 top officers.But following a hearing, Judge Christopher Sontchi did approve up to $3.3 million in long-term incentives for 83 other Visteon managers, a group that does not include any of the 12 insiders who developed the two bonus proposals.
October 07, 2009 at 12:00 AM
1 minute read
WILMINGTON, Del. AP – A Delaware bankruptcy judge on Wednesday rejected a request by auto parts supplier Visteon Corp. to approve bonuses of up to $8.1 million for its 12 top officers.
But following a hearing, Judge Christopher Sontchi did approve up to $3.3 million in long-term incentives for 83 other Visteon managers, a group that does not include any of the 12 insiders who developed the two bonus proposals.
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