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|    alt.fan.pam-anderson    |    Everyones rode that village bicycle    |    136 messages    |
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|    Message 133 of 136    |
|    Above The Law to All    |
|    In Obama's world, Bankrupt Solyndra Exec    |
|    24 Jun 12 19:46:27    |
      XPost: alt.fan.states.kentucky, alt.animals.dog, alt.government.abuse       XPost: alt.forsale.grandjunction       From: felony-number-2012@barackobama.com              (CNSNews.com) – A bankruptcy court ordered $368,500 in bonuses       for 20 top managers and employees of Solyndra, the solar panel       firm that received $535 million from taxpayers two years before       filing for bankruptcy and laying off 11,000 employees. The       bonuses kicked in on March 31.              The 20 high-level workers earned a total base pay of $2.49       million before the bonuses. One of the executives earned a base       annual salary of $206,499 and received a $30,000 incentive under       the court order handed down on Feb. 22 by U.S. Bankruptcy Judge       Mary F. Walrath in Delaware.              Another executive earning $189,000 in base pay was awarded a       $20,000 bonus and a third, who earned $190,800, received       $15,000 more.              Most of the bonuses awarded were between $15,000 and $25,000,       with the three top beneficiaries receiving $30,000, while the       three lowest received $10,000 each.              The Energy Department finalized a loan guarantee of $535 million       to Solyndra on Sept. 3, 2009, funded through the American       Recovery and Reinvestment Act – better known as the $787 billion       stimulus.              On Aug. 31, 2011, Solyndra filed for Chapter 11 bankruptcy.       Chapter 11 allows a debtor company to restructure and work out       agreements with creditors without being liquidated.              Court documents referred to the bonuses as a “Key Employee       Incentive Plan.” The ruling determined the payouts to be “in the       best interests of the Debtors, their creditors and all other       parties in interest.”              The court documents did not identify the individuals getting the       various increases, but did provide their titles, base salaries       and bonus awarded:              1. The senior manager for information systems earned a base       salary of $157,000, and got a $12,500 bonus.              2. The network administrator who earned $75,190 got an increase       of $15,000.              3. A senior manager of manufacturing engineering who earned       $159,073 received a $16,500 bonus.              4. Another senior manager of manufacturing engineering, earning       $162,400, got an increase of $19,500.       5. An equipment maintenance supervisor earning a base pay of       $120,000 got an “incentive” of $22,500.              6. The senior director of product line maintenance earning base       pay of $206,499 got an additional $30,000.              7. The facilities project manager earning $108,150 got $30,000.              8. A senior facilities sites service manager earning $108,900       got $20,000.              9. An environmental health and safety supervisor engineer with a       base pay of $124,500 got $30,000.              10. A senior facilities manager earning $123,500 got $10,000.              11. A facilities shift supervisor earning $100,000 got $20,000.              12. A facilities supervisor earning $85,000 received $15,000.              13. A facilities maintenance engineer earning $101,760 got       $25,000.              14. A lead facilities specialist earning $72,842 got $20,000.              15. A lead facilities technician earning $71,781 got $15,000.              16. A senior director of finance earning $190,800 got $15,000.              16. A director of financial planning and analysis earning       $150,000 got an extra $12,500.              18. An accounts payable manager earning $75,705 got $10,000.              19. A senior director corporate controller earning $189,000 got       another $20,000.              20. A senior accountant earning $114,400 got a bonus of $10,000.              Comments:              Concerened American       Why is this happening in our Country. Where are all of our       Congressman on this very simple black and white Corruption (no       punn intended )We the American people have got to stop this       nonsense.              Like Reply       2 weeks ago 2 Likes              Bob DD       MORE CORRUPTION!!! This is what the Taxpayer's get with HUGE       OBAMA GOVERNMENT!              Like Reply       2 weeks ago 1 Like              The Enemy, Constitutional Conservative. Bill of Rights defender.       "COURT ORDERED bonuses"? Ain't that corruption!              Like Reply       2 weeks ago 1 Like              dennis       It's called payback for getting him elected !!! Look at how       many of these green companies have gone bust,even after being       bailed out. Everything this president touches turns to shit, I       don't think he is that stupid, he is destroying the country       deliberately, so he can usher in his own socialist muslim nation       !!!              Like Reply       2 weeks ago 4 Likes              The Enemy, Constitutional Conservative. Bill of Rights defender.       dennis: Like Obamacare, the "stimulus" bill and the "jobs       bill", these "green energy" schemes are actually money       laundering activities for the Obama administration. It takes       lots of dough to destroy American capitalism and implement       Marxism, you know. So, they use taxpayer money for this like       everything else.              Like Reply       2 weeks ago in reply to dennis              Mom       It all went to the smart meter program that is why they said       nothing...Itron...Silicon...Solon....all across North       America...Coalition to stop smart meters....Citizens for safe       technology.org plead the fifth              Like Reply       2 weeks ago              J0eyabs       Kinda funny is I worked there for 3 years and some of us       warehouse workers were making $60K + a year just doing material       handling.              Like Reply       2 weeks ago              Mom       because of the radiation you were being exposed to?              Like Reply       2 weeks ago in reply to J0eyabs              Dianeleriche       What I'd like to know is How many "new businesses" can pay out       so many 6 figure salaries from the starting gate? Obviously was       fishy from the starting gate...This company never was set up to       succeed. It obviously was set up to take the $ and run....              Like Reply       2 weeks ago              craigs       As a country we will continue to have decisions like this       because money gets you into office; not your record.              Judges have to run for office; they have to kiss alot of butt to       get even to that point.              And where is the payoff? Look at how well these judges do.              Might not be obvious while they are on the bench.              Like Reply       2 weeks ago              MSpra       I just do not get it......... a failed company allowed to give       raises and bonuses... have any of us been in that situration.       A bankrupt judge allowing that, instead of giving it back to the       tax payers...... very odd..              Like Reply       2 weeks ago 1 Like              Dog       "The newly formed organization OZMTA will be taking donations to       buy food,rubbers,marijuana,malt liquor,solar panels, and chevy       volts to send all you Obama Zombies to Africa on your green       powered ship. Save the USA send all Obama Zombies to Africa       Today"              Like Reply       2 weeks ago              Krejoe       How is it possible to run a company into the ground- bankrupt:       Then be paid bonus money for doing a good job. Maybe this judge       has got to be fired to.              Like Reply       2 weeks ago 2 Likes              Gary Allan       you mean they were court ordered campaign donations.              Like Reply       2 weeks ago 5 Likes              Mary       If criminal charges are being dicussed for GSA partiers, why       would not the same be considered for these Obama Department of       Energy 'sham-companies'? Sham executives and managers apply for       grants and loans, pretend they are planning to hire 1,000 -       2,000 employees, pay themselves, pay grant/loan reviewer fees       and some legal/advice fees, rent a building and a photographer       to take some photos for the media, then claim bankruptcy, and              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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