Friday, January 13, 2012

Obama-Backed Solyndra Wants To Pay Half Million Dollars In Bonuses To 24 Employees

Just heard about this listening to KSFO Morning Show on the Internet (Washington Times, via Human Events).

Nearly two dozen Solyndra employees could receive bonuses ranging from $10,000 to $50,000 each under a proposal filed by Solyndra’s attorneys in U.S. Bankruptcy Court in Delaware.

The attorneys say the extra money will add motivation at a time when workers at the solar company have little job security and more responsibilities because so many of their colleagues have been fired.

The proposed bonus recipients include nine equipment engineers, six general business and finance employees and up to two information technology workers.

The biggest bonus, for $50,000, would go to a Solyndra employee whose job title is listed as a senior director with a base salary of $206,499 per year. Two senior managers stand to receive bonuses of $30,000 and $32,500.

Meanwhile, what do the taxpayers get back from this risky Obama-backed investment? $0.

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