U.S. Trustee Roberta A. DeAngelis is objecting to Green Field Energy Services Inc.'s proposed employee bonuses, advising the court to intervene, Dow Jones Newswires reported yesterday. DeAngelis said in a court filing yesterday that the bonus plan — notable details of which, including the amount, have been redacted — was structured to entice employees to remain with the company through its bankruptcy instead of rewarding them for performance. "Despite the label of the bonus plan, the bonus plan is structured to entice the debtors' insiders to stay with the companies and do their jobs through the conclusion of the restructuring process, rather than entice the insiders to perform at a high level to achieve significant benchmarks," she said.
