Coldwater Creek Inc. received a bankruptcy judge's approval Monday to pay executives up to $1.7 million in bonuses and lower-level employees as much as $800,000 in extra pay as a reward for helping liquidate the women's clothing retailer, Dow Jones Daily Bankruptcy Review reported today. The company initially proposed paying $3.6 million to four executives and an additional $1.1 million to 28 employees but scaled back the bonus plans after receiving objections from creditors and a U.S. Justice Department official.
