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Bankrupt GenOn offers $12 mln to execs if bondholders repaid
September 1, 2017 / 9:54 PM / 3 months ago

Bankrupt GenOn offers $12 mln to execs if bondholders repaid

NRG Energy Inc’s GenOn Energy Inc has proposed a bonus pool of $11.9 million for its senior leaders if they can find an additional $600 million needed to generate a full recovery for bondholders in the power generator’s bankruptcy.

The pool would be a bargain for the effort, GenOn said in court papers filed late last week seeking approval of the proposal.

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