This is how the game is played in America....
Note: The United States Enrichment Corporation, a subsidiary of USEC Inc., is a corporation that contracts with the United States Department of Energy to produce enriched uranium for use in nuclear power plants.
http://www.portsmouth-dailytimes.com/news/news/3254977/USEC-pays-$30-million-in-bonuses-while-filing-bankruptcy
The Portsmouth Daily Times
Portsmouth, Ohio
USEC pays $30 million in bonuses while filing bankruptcy
By Frank Lewis
[email protected]
A USEC official has confirmed to the Daily Times that USEC Inc. paid more than $30 million in bonuses and other compensation to high-ranking executives, other employees, and bankruptcy advisers before filing for Chapter 11 protection this year.
“The payments to insiders, which is a required filing as part of the bankruptcy process, looks back at payments to anyone who is senior management or on the board of directors for the previous 12 months,” USEC Inc. Vice President of Communications Paul Jacobson said. “With regard to those payments, in 2013, we faced a series of really critical short term challenges that if they were not met could have threatened the future of the company.”...
...Jacobson said that since USEC deals with a lot of complicated issues that accompany the process of restructuring, a lot of professionals were required including lawyers, accountants and others leading to other compensation including bonuses...
Jacobson said that arrangement is relatively common in bankruptcy proceedings and that large professional fees are common in large bankruptcy proceedings. He said the fees alone in the Lehman Brothers bankruptcy topped $2.2 billion...
