Judge nixes bonuses to top Hawker Beechcraft execs

Published August 24, 2012 7:43pm ET



WICHITA, Kan. (AP) — A bankruptcy judge nixed on Friday a proposal to give eight top Hawker Beechcraft executives up to $5.3 million in bonuses, ruling the plan merely rewarded them for staying at their jobs.

U.S. Bankruptcy Judge Stuart Bernstein ruled that the bonus plan sought by the Kansas plane maker set the bar too low to qualify as anything other than a retention program for insiders.

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