Sears Holdings Corp. is seeking permission to pay its top executives millions of dollars in bonuses over the next two financial quarters, WSJ Pro Bankruptcy reported. The company has pinpointed 18 top executives to share in a total $8.5 million in bonuses, split between the periods ending in January 2019 and April 2019, according to court papers filed on Thursday. In addition, Sears wants to pay 322 non-insider workers bonuses from a $16.9 million pool. The move comes as Sears’s uncertain future is being debated by some of the retailer’s creditors. Sears entered bankruptcy with the goal of selling and reorganizing around about 400 of its most profitable stores. The company has proposed a sale process that includes a Dec. 15 deadline for a so-called stalking horse bidder to make its offer, and the auction to take place in January.
