The Wall Street Journal: “As companies struggle through bankruptcy court, many still pay significant bonuses to top executives - despite a federal rule designed to curb such pay…By examining court documents and regulatory filings, The Wall Street Journal was able to determine the pay of executives at 21 of the 100 largest companies that recently went through bankruptcy. Together, the chief executives of those firms earned more than $350 million in salary, bonuses, stock grants and severance for the periods their companies were under Chapter 11 bankruptcy protection or just afterward. Of the 21 chief executives, seven had either been hired during a bankruptcy case or been with a company less than a year before its Chapter 11 filing. Some of the 21 CEOs, including Lear’s, received bigger bonuses during bankruptcy protection than in previous years.”

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