Creditors have come to terms with RadioShack Corp. over bonuses top-ranking insiders stand to earn in the weeks ahead, as the retailer attempts to save a slice of its battered collection of stores, Dow Jones Daily Bankruptcy Review reported today. Jay Indyke, lawyer for the official committee representing suppliers, landlords and others owed upwards of $500 million, said yesterday that the panel has negotiated a resolution with the company over the pay-enhancement request. A bankruptcy judge must sign off on the bonus program, which faces opposition from federal bankruptcy watchdogs. On Saturday, U.S. Trustee Andrew Vara filed papers saying that RadioShack is paying too much for too little in the way of performance from its leaders.
