Toys ‘R’ Us, which filed for bankruptcy in September, is seeking court approval to pay $16 million in bonuses to its senior leadership, including Chief Executive David Brandon, WSJ Pro Bankruptcy reported. The company said in a bankruptcy court filing on Tuesday that it needs to pay the incentive bonuses to senior managers as the toy retailer gears up for its critical holiday season, where it generates 40 percent of its yearly net sales. “The stress on the debtors’ operations (and its senior management team) has been lasting and continues, as efforts continue to stabilize the world-wide enterprise and position the company to win during the all-important holiday season,” said the company’s lawyers at Kirkland & Ellis.
