The U.S. trustee in the Toys ’R Us bankruptcy case has filed a strongly worded objection to the company's plan to pay between $16 million and $32 million to its 17 most highly paid executives, USA Today reported. "It defies logic and wisdom," the objection by U.S. Trustee Judy A. Robbins states, that Toys ’R Us is proposing "multimillion-dollar bonuses for the senior leadership of a company that began the year with employee layoffs and concludes it in the midst of the holiday season in bankruptcy.” Toys ’R Us filed a motion Nov. 15 asking for permission for an executive incentive bonus plan that would give its top executives $16 million in extra pay. Those bonuses would double to $32 million if certain financial goals were reached. Robbins noted that five of the top Toys ’R Us executives also received $8.2 million in retention bonuses five days before the bankruptcy filing in September. Those bonuses included a $2.8 million payment to CEO Dave Brandon "just to stay with the company," the objection states.
