105M

McDermott requests $105M of executive, staff bonuses

Engineering and design huge McDermott Intercontinental, which submitted for Chapter eleven personal bankruptcy protection final month, has asked for courtroom acceptance to pay out out as a lot as $one hundred and five.4 million in bonuses for major executives and other crucial employees.

Less than the approach, which was submitted Monday with Decide David R. Jones, CEO and president David Dickson would acquire a reward worth up to $twelve.6 million this calendar year, element of $26.eight million in incentives for 13 management team executives who have a central position in the Houston-based mostly engineering company’s Chapter eleven restructuring. The management

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