McDermott requests $105M of executive, staff bonuses

Engineering and building big McDermott Worldwide, which submitted for Chapter 11 personal bankruptcy defense past thirty day period, has requested courtroom acceptance to pay out as substantially as $one zero five.4 million in bonuses for prime executives and other important staff.

Beneath the plan, which was submitted Monday with Decide David R. Jones, CEO and president David Dickson would get a reward well worth up to $twelve.six million this year, portion of $26.8 million in incentives for thirteen management team executives who have a central function in the Houston-dependent engineering company’s Chapter 11 restructuring. The management team members are in

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