GT Advanced Technologies’ attempts to make sapphire iPhone screens for Apple may have ended in disaster, but that’s not stopping GT senior execs from asking for millions to be paid out in bonuses.
Because the company filed for bankruptcy protection back in October, any bonus program needs to have the signature of a judge in order to be legally binding. GT is requesting a hearing in January, although it admits there is likely to be opposition.
The bonus program would cover 9 unidentified senior executives, and could add up to $2.275 million if all the necessary targets are hit. A second bonus proposal would pay a total of $1.4 million to an additional 28 people.
