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McDermott requests $105M of executive, staff bonuses

Engineering and design large McDermott Worldwide, which submitted for Chapter eleven individual bankruptcy defense very last thirty day period, has requested court approval to pay out out as a great deal as $105.4 million in bonuses for major executives and other crucial personnel.

Less than the strategy, which was submitted Monday with Choose David R. Jones, CEO and president David Dickson would obtain a reward value up to $12.six million this 12 months, aspect of $26.8 million in incentives for thirteen administration crew executives who have a central function in the Houston-based engineering company’s Chapter eleven restructuring. The management crew

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