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   Message 2,924 of 3,579   
   Above The Law to All   
   In Obama's world, Bankrupt Solyndra Exec   
   29 Jun 12 06:04:43   
   
   XPost: princeton.general, ri.general, sbay.general   
   XPost: spokane.general   
   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   
   walk away with a little more money in bonus and incentives for   
   losing 3 batches of $500 million dollars each.   
      
   Like Reply   
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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