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U.S. Trustee Targets Personal Communications CEO Proposal

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U.S. Trustee William Harrington is protesting a potential $2.7 million bonus for Personal Communications Devices LLC Chief Executive George Appling, arguing that lawyers haven't proven that he worked hard enough to earn that bonus before the mobile phone distributor was sold in bankruptcy last fall, Dow Jones Daily Bankruptcy Review reported today. Harrington said in court papers that the proposed bonus for Appling, who remained CEO after the sale, wasn't designed to encourage him to work harder during the company's search for buyers who could purchase the company out of bankruptcy.