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Bankruptcy Judge Nixes Plan for 5.3 million in Bonuses for Eight Top Hawker Beechcraft Executives

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Bankruptcy Judge Stuart Bernstein on Friday denied a proposal to give eight top Hawker Beechcraft executives up to $5.3 million in bonuses, the Associated Press reported on Friday. Judge Bernstein found that the bonus plan sets the bar too low to qualify as anything other than a retention program for insiders. The International Association of Machinists and Aerospace Workers had opposed it, as did the U.S. Trustee in the case.