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2 top officials at bankrupt Ecotality to get hefty bonuses – Washington Times

Despite a disastrous year for defunct car-charging company Ecotality, which went bankrupt only a few years after winning a $100 million federal grant, two high-level employees soon stand to receive hefty retention bonus payments even though the company has no future.

Company lawyers say they need to pay the bonuses to make sure the two stick around during the dim final days as the company finalizes the transfer of its assets. A federal bankruptcy court in Arizona approved the bonus plan despite objections from creditors and government lawyers — though the judge capped the total at the $125,000 sought by the company.

Still, the fact that lawyers are quibbling on how to spend $125,000 marks just how fast and far Ecotality has fallen since 2009 when it won a $100 million grant from the Department of Energy.

More http://m.washingtontimes.com/news/2013/dec/31/2-top-officials-at-bankrupt-ecotality-to-get-hefty/

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